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SBA Loans
Government-backed business loans with low rates and long terms. SBA 7(a) and 504 programs, funded through one application to a network of 75+ lenders. Powered by National Business Capital.
National Business Capital network figures.
Understanding SBA Loans
SBA loans are business loans partially guaranteed by the U.S. Small Business Administration, offered through approved lenders. The SBA guarantee reduces lender risk, which translates to lower rates and longer repayment terms than conventional financing.
How It Works
You apply through an SBA-approved lender. The 7(a) program covers general business needs up to $5M, while the 504 program funds commercial real estate and major equipment with terms up to 25 years. The SBA Express program offers faster decisions on smaller amounts.
Key Terms & Eligibility
$50K to $5M
10 to 25 years
Prime + 3.00% to 6.50%
30 to 60 days
680
Business assets; real estate for 504
One application returns matched offers from 75+ lenders, so you compare instead of guess.
Who Should Use SBA Loans?
Established businesses with 2+ years of operations, steady revenue, and good credit. Best for owners who want the lowest possible rates and can wait several weeks for funding.
Common Uses
- Commercial real estate purchase or refinancing
- Heavy equipment and machinery acquisition
- Business expansion and new location buildout
- Working capital and inventory for growth
Pros & Considerations
Pros
- Lowest rates among business loan types
- Long repayment terms up to 25 years
- SBA guarantee reduces lender risk
- Works for real estate, equipment, and working capital
Considerations
- Longer funding timeline, typically 30 to 60 days
- Strict qualification requirements
- More documentation required than alternative financing
How You Qualify
Lenders weigh the whole business, not just a score:
- Time in business and revenue (min. 2 years, $50K/yr)
- Bank deposit consistency and cash flow patterns
- Owner credit (min. 680), as one input among several
- Collateral or asset value, where applicable
Strong revenue or valuable assets can carry a deal that credit alone would not.
How to Apply
- Tell us how much you need and what for. One form, no fee to apply.
- Share basic business and owner details. No hard credit pull to pre-qualify.
- Send recent bank statements, plus equipment quotes, invoices, or financials if relevant.
- Compare matched offers from 75+ lenders and pick what fits.
FAQ
What is the difference between SBA 7(a) and 504 loans?
The 7(a) program is the SBA flagship, covering general business needs up to $5M with terms up to 10 years for working capital and 25 years for real estate. The 504 program specifically funds commercial real estate and major equipment, with terms up to 25 years and lower down payments.
How long does it take to get an SBA loan?
SBA loans typically take 30 to 60 days from application to funding. The SBA Express program can move faster for amounts under $500K. The timeline depends on how quickly you provide documentation and the lender underwriting process.
What credit score is needed for an SBA loan?
Most SBA lenders look for a credit score of 680 or higher, though some programs are flexible. Lenders also weigh your revenue, time in business, and debt service coverage ratio alongside credit.
Can a startup get an SBA loan?
SBA loans generally require 2+ years in business, but the SBA Microloan program and some 7(a) lenders work with newer businesses. A strong business plan and projections can help younger companies qualify.
Is there a hard credit pull to pre-qualify?
No. There is no hard credit pull to pre-qualify through the NBC network, so checking your options does not affect your credit.
What documents are needed for an SBA loan?
Expect to provide 2 to 3 years of tax returns, year-to-date financials, a debt schedule, business plan (for newer businesses), and personal financial statements for owners with 20%+ stake.
Can I use an SBA loan to refinance existing debt?
Yes. SBA 7(a) loans can refinance existing business debt if the new loan provides a 10% or greater improvement in the total payment, and the debt was used for business purposes.
Comparing SBA Loans to Other Options
- vs. SBA Loans: SBA offers lower rates and longer terms but takes 30-60 days. SBA Loans may fund faster but at comparable or slightly higher rates.
- vs. Equipment Financing: Equipment financing is secured by the asset and limited to equipment purchases. SBA Loans offers broader use of funds.
- vs. Working Capital Lines: Working capital lines are revolving and best for ongoing needs. SBA Loans provides a lump sum suited to specific purchases.
Related Financing Options
- SBA Loans — government-backed, lowest rates
- Equipment Financing — asset-secured, fast approval
- Working Capital Loans — revolving, flexible use
- Business Line of Credit — draw only what you need
Sources
- U.S. Small Business Administration, loan programs: sba.gov/funding-programs/loans
- Federal Reserve, Small Business Credit Survey: fedsmallbusiness.org/
- SBA 7(a) Loan Program overview: sba.gov/funding-programs/loans/7a-loans
About Manu
Manu is a digital platform that helps US manufacturers and small businesses list facilities, showcase capabilities, and market products.
About National Business Capital
National Business Capital is a fintech financing platform that connects businesses with 75+ lenders, $3B+ secured nationwide since 2007.
Verified Reviews
Businesses funded through the National Business Capital network have left 3,000+ five-star reviews on Google and Trustpilot. NBC has secured over $3B in financing since 2007 and maintains an A+ rating. Read verified reviews on NBC's website.
This page was last reviewed July 10, 2026 by Malik Samara, Managing Partner. Our editorial team reviews and updates content on a rolling basis. Learn about our editorial standards.
Manu Business Lending is a paid referral partner of National Business Capital. Financing is provided by NBC and its lender network, not by Manu, and all loans are subject to lender approval, terms, and conditions.