Small Business Administration (SBA)
Loans

An SBA loan is a business loan backed by the Small Business Administration. While anyone can apply for an SBA loan, approval can be challenging and often requires time, detailed documentation, and a thorough financial review. For businesses that can accommodate the approval timeline, SBA loans offer competitive rates and extended repayment terms that can be highly beneficial for both new and established businesses. Our dedicated specialists are here to help guide you through the detailed application and approval process.

Required Documentation

To submit an SBA loan application, you will typically need: –

• At least one to two years of business tax returns (preferred for established businesses)
• Two years of personal tax returns
• Year-to-date financial statements, including:
  ○ Profit & Loss Statement
  ○ Balance Sheet
• (These may be provided as Excel spreadsheets or exported from QuickBooks)
• Business plan
• Debt schedule

Important Information

The SBA approval process may take more than five weeks and could require updated financial documentation throughout the review period.

Loan Details

Loan amounts ranging from $25,000 to $500,000
Rates starting at Prime + 2.75% (typically 5%–8%, depending on credit profile)
Loan terms up to 10 years
No prepayment penalties