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SBA Loan - Small Business Commercial Financing

The SBA will guarantee loans up to 80% of the loan value if the loans are $100K or less, and if the loans are over this amount then 75% . Maximum loan guarantee through SBA programs are is $750,000.

The SBA does not provide loans or grants, they only guarantee those that have been submitted through a financial institution.

The interest rates usually are par with any other commercial financial program, however they offer a longer amortization rate than most commercial loans.

There are many qualification requirement and you should research the information offered through the main government site in order to save time from filing applications that will get rejected for not following the proper procedure.

 

Fees are usually as such:

3.0% if guaranteed portion is $250,000 or less
3.5% over $250,000, on portion over $250,000
3.875% over $500,000, on portion over $500,000

 

 

*Rates subject to change
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