in Business Loans from



in Business Loans from

SuperMoney Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

0 users recommend
0 users are unsure
2 users don't recommend
Cast your vote
Cast your vote

Would you recommend to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Community Rating Strongly not recommended
Loan Amount $500 - $5,000,000
APR  (Variable APR) N/A
Loan Term Up to 300 months Review

The Small Business Administration is a government agency dedicated to help small businesses with their legal, financing and training needs. The SBA is not a direct lender. Instead, it guarantees and sets the guidelines for the loans its lending partners provide. The SBA guarantees up to 85 percent of a business loan's principal, which reduces the risk for lenders and allows them to have more flexible eligibility requirements and lower interest rates.

How Does the SBA Work?

Loan applications must be processed through an SBA lending partner. You can find a list of approved lenders by state or zip code on The lender you choose will be in charge of the transaction but must follow the guidelines set by the SBA.

What Are The Interest Rates?

Interest rates are determined by each individual lender but must fall within the maximum rate set by the SBA. The SBA's maximum rate is determined by a base rate: the London Interbank One Month Prime, also known as LIBOR, plus 2.25% to 4.75% depending on the size and term of the loan.

How Much Money Can I Borrow?

The SBA maximum loan amount varies by program. However, the maximum loan amount is $5 million -- $3.75 million for any one borrower.

Which States Does the SBA Operate In?

The SBA guarantees loans in all 50 states.

What Is the Application Process Like?

The application process varies by lender but typical requirements for an SBA loan application include information on personal background, resumes of the management team, a business plan, personal credit reports of the principal business owners, a business credit report, income tax returns for the last 3 years, company financial statements, bank statements, legal documents and in some cases collateral.

How Is the SBA Better than Other Lenders?

SBA loans are only for businesses who cannot access other forms of financing on reasonable terms. The SBA acts as a guarantor for businesses who don't qualify for commercial business loans and would otherwise have to resort to high-interest loans from alternative lenders. SBA lenders must follow strict guidelines, which protects borrowers. Also, interest rates and fees for SBA loans are generally more favorable than those offered by non-SBA commercial loans.

SUPERMONEY Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...


  • Headquarters
  •   409 3rd St, SW
    Washington, DC 20416 USA
  •   Visit Site



Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee Starting at 3.75%
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Revenue $5,750
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $500 - $5M
Loan Term Up to 300 Community Reviews


Would you recommend to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Business Loans