SBA Loans

Get great rates, long repayment terms, and low monthly payments with SBA loans.

Loan Amount

$30,000 - $5 million

Loan Term

10-30 Years

INTEREST RATES

3.25% - 7.25%

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An SBA loan is a government-guaranteed small business loan that has a long-term and a low-interest rate. The Small Business Administration (SBA) is the government agency that partially guarantees SBA loans and was founded in 1953 to support small business owners across the United States. However, the agency typically does not make direct loans. The SBA provides a guarantee on the loan, promising to reimburse the bank for a certain percentage of your loan if you default on that loan. This guarantee lowers the risks to banks and other lenders, encouraging them to offer these loans to more American small businesses. Many banks and other financial institutions offer SBA loans, but their process, requirements, and fees can vary.

Learn About SBA Loans

You can find an SBA loan option to cover just about every nook and cranny of your small business. Some of the most common SBA loans are the 7(a), 504, and SBA Express. That includes Buying a Land, Refinance your existing debt, buy or expand existing business, buy any type of equipment for your business and many more.

Qualifications

YES

2+ years in business
Business owners must be U.S. citizens or legal permanent residents
Business owners' personal credit score 650+
Business and personal debt payments demonstrated
Real estate must be majority owner-occupied

NO

Bankruptcies or foreclosures in the last 3 years
Outstanding tax liens
Delinquencies and/or default on government loans
Restricted industry

How much will you pay for SBA loan?

How much is an SBA loan going to cost you? The news here is positive—it's tough to beat the low interest rates and long repayment terms for these loans. SBA loans tend to be the least expensive financing available to small business owners. SBA loans come with different rates depending on the lender you work with; however, the SBA establishes the maximum amount that can be charged for these loans. SBA loans from banks in the Cube Lending network have variable interest rates and depend on the loan amount:

Loan Amount Up to $30,000 - $5 million

Loan Term 10-30 Years

Time to Funds 1-2 Months After Approval

Interest Rate 6.25% - 7.25%