Government-backed loans for established businesses with competitive rates and longer terms.
SBA (Small Business Administration) loans are government-backed financing options designed for established businesses that meet specific criteria. These loans offer competitive rates and longer repayment terms than traditional term loans.
Government-backed security reduces lender risk
Competitive rates (typically 6-10% APR)
Longer repayment terms (up to 10 years)
Higher loan amounts available
Flexible use of funds
Fixed payment schedules
Opportunity to build business credit
2+ years in business
$30,000+ annual revenue
680+ credit score
Significant owner equity/collateral
Detailed business plan
Personal tax returns and credit report