SBA Loans

A Small Business Administration (SBA) loan is a government-backed business loan program that offers access to working capital with longer terms and lower interest rates. 

Here are some key features and benefits of SBA loans:

• Government backed: Partially guaranteed by the government, which reduces the lender’s risk and allows for lower rates and longer terms
• Loan amount: Loan amounts range from $5,000 to $5 million upon approval
• Term: Average term of up to 60 months. Longer term payments: 25 years for land or business acquisitions, 10 years for general SBA and 7 years for working capital
• Most suited for: Ideal for small businesses seeking working capital to purchase inventory, operate, or expanding in technology or location, payroll needs, and new marketing endeavors

Overall, an SBA loan is a great option for small businesses in need of working capital with longer terms and lower interest rates.