Compare SBA Loan Options

Compare Your Loan Options

Our experienced team of SBA Lenders will help you determine the right loan2 for your business.

Which SBA Loan Works For Your Business?

Viewing {{ colNumToDisplay }} to {{ maxColToDisplay }} of {{ totalCols }}

SBA 7(a) Small

From $50,000-$350,000

SBA 7(a) Standard

From $350,000 up to $5 Million

SBA 504

Structure
  • Online application and streamlined processing.
  • Prequalification in five minutes.
  • Approval times in as few as two weeks.
  • No prepayment penalties – repay at any time.
  • 100% financing of new equipment and vehicles.
  • Varies – depending on the use of proceeds. 
  • 10% down payment generally required. 
  • Fully Amortizing.
  • 50% 1st Mortgage/Lien Bank Loan
  • 40% 2nd Mortgage/Lien SBA 504 Loan
  • 10% Down Payment
Term
  • 10-Year.
  • Fully amortizing.
  • Up to 25 years.
  • 25 years for Real Estate
  • 10 years for Goodwill, Equipment, Working Capital in most cases.
  • Term can be blended across several asset classes.
  • 10 year balloon on bank 1st Lien with an amortization schedule of up to 25 years.
  • 25 years fully amortizing SBA 504 2nd Lien.
Use of Proceeds
  • Refinance Existing Debt.
  • Purchase Equipment and Machinery.
  • Provide Working Capital.
  • Leasehold Improvements less than $10,000.
  • Purchase Inventory.
  • Acquire an Existing Business, including Goodwill.
  • Buyout a Business Partner
  • Acquire an existing business, including goodwill.
  • Start a Business or Franchise.
  • Purchase or Construct Commercial Real Estate.
  • Refinance Existing Debt.
  • Purchase Equipment and Machinery.
  • Provide Working Capital.
  • Construct Leasehold Improvements.
  • Purchase Inventory.
  • Purchase or Construct Commercial Real Estate.
  • Purchase or Improve Commercial Real Estate.
  • Purchase Equipment.
  • May only be used for fixed asset financing- Real Estate and Equipment/Machinery.
Program Requirements
  • 18 months in business.
  • FICO score of 660 or greater.
  • Debt service coverage of 1.15x.
  • 51% Owner Occupancy of Commercial Real Estate.
  • 80% Occupancy on new construction.
  • Equipment is amortized over 10 years or its documented useful life.
  • 51% Owner Occupancy.
  • 80% Occupancy on new construction.
  • Equipment financed for up to 10 years.
Collateral
  • 1st lien on Subject Assets acquired/financed with loan proceeds.
  • Blanket lien on assets regardless of position.
  • Commercial RE mortgage may be required.
  • 1st Lien on Subject Assets acquired/financed with loan proceeds.
  • Personal Guarantees of 20% or more equity in the personal real estate.
  • Life Insurance may be required.
  • 1st Lien on Subject Fixed Assets acquired/financed with loan proceeds.
  • Personal Guarantees of 20% or more owners.
  • Life Insurance may be required.
Fees
  • Packaging fee of 0.50% plus closing costs.
  • Fees are financed in the loan.
  • SBA Guaranty Fee – Averages 2.5%+/- of the loan amount.
  • Self-Funding Program.
  • Fees are financed in the loan.
  • 2% of the 2nd Lien Amount – SBA Fee.
  • Bank Fees Vary, 1% of the 1st and 2nd lien is typical.
  • Fees can be financed in the loan.
Rates
  • Variable at Wall Street Journal Prime + 2.75%.2
May be fixed or variable.
  • 1st Lien Rates may be fixed or variable.
  • 504 2nd Lien offers a low fixed rate for up to 25 years.

  1. All loans are subject to credit approval. 
  2. Margin subject to change without notice

Secure Log In

Close login menu
Login Error

Your username is valid but has a problem. Please call customer support

Our website uses cookies to ensure your online experience is as informative and relevant as possible. Please review our Privacy Policy to learn more about the information we collect.