SBA Startup Loans
(Reliable Solution for Business Funding)
Startup businesses with tax returns showing good revenues and profitability can get very large sums with Secured Small Business Loans from the Small Business Administration.
SBA startup loans can go up to $5,000,000. The SBA offers several programs including 504 and 7(a) loans, particularly Community Advantage Loans. Use SBA programs for many purposes including buying real estate acquisition and even working capital.
The SBA will require certain documentation to qualify. This includes business and personal financials, resume and background information, personal and business credit reports, a business plan, bank statements, collateral, and other documentation relevant to the transaction.
Approval amounts vary based on the collateral a business has and the amount of net profit reflected on their tax returns. Total time to close these loans is about two to four months.
SBA startup loans offer some of the longest payback terms available for business financing. You can secure loans for 10, 15, even 30 years with SBA. In many cases interest rates are as low as 4 – 6% on the financing you secure.
UP TO $5,000,000 depending on program
Up to 50% of loan amount
Will depend on lender but expect to provide documents like bank statements, a business plan, and an up to date Profit & Loss statement
Complete the form for a one on one consultation with a representative
Submit your application. Soft pull on your credit
Work with our advisors to prepare your loan application
Meet directly with SBA Loans Advisors and get access to your Credit Lines
Below are the requirements to qualify for SBA Startup Loans: