Last Updated: 06/21/2025

U.S. Small Business Administration Loans

in Business Loans from U.S. Small Business Administration

Last Updated: 06/21/2025

Strongly not recommended6 total votes

6 users don't recommend

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Highlights

Community Rating

Strongly not recommended

Amount Range

$500 - $5,000,000

APR (Variable APR)

N/A

Loan Term (Months)

Up to 300

Number of Reviews

U.S. Small Business Administration Loans 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 SBA.gov. 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.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

409 3rd St, SW

Washington, DC 20416

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Other Services by U.S. Small Business Administration

SuperMoney Net Recommendation Score

SuperMoney users don't recommend this product, giving it a user recommendation score of -100, or 1 on a 5-point rating scale.

-100

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

U.S. Small Business Administration Loans Community Reviews

Would you recommend U.S. Small Business Administration Loans to your friends?

Jori N.

Feb 9, 2023

May or may not recommend

OMG WHAT A NIGHTMARE! I GOT THIS PPP LOAN THINKING IT WAS A GOVERMENT PROGRAM DEBT FORGIVNESS LOAN AND FOUND OUT IT WAS A HIGH INTEREST LOAN THAT I IMMEDIATELY PAID $2000 THEN $6087.12 PAYING IT OFF OR SO I THOUGHT UNTIL A YEAR LATER I FOUND OUT I PAID IT OFF A OENNY SHORT AND THEY WERE STILL CHARGING ME INTEREST ON THE ORIGINAL LOAN AMOUNT! I NOW OWE ...Show More

Deborah D.

Apr 26, 2022

May or may not recommend

This process has been a nightmare and the people that work at the SBA are dishonest. I have lost 80% of my business and they claimed I couldn't show enough loss. They are prejudiced against white people and do not have a reasonable process for approving loans based on needs.

Denise C.

Jan 11, 2022

May or may not recommend

I have been approved for a loan since June 2021. The SbA ran my credit did the approval and all. Then....for a $6,800 loan, they said that was approved in June, they started repeatedly asking for the same paperwork over and over again! You can't reach the Tier 2 people because they are treated like the Pope! Its riduculous how people that don't even have a business have been given ...Show More

Rachael E.

Aug 7, 2020

May or may not recommend

I have been reaching out for two months now I've given them my ID I've given them my social I have a small business has been affected by the pandemic. I guess the site has been put up to Des entertained people because it's no help to anybody I've been asking for help all my bills are due when facing eviction and my business has suffered tremendously but yet the ...Show More

Bruce V.

Oct 10, 2018

May or may not recommend

The SBA doesnt give a rats ass about small business. This is all about BIG business cronies helping each other out w government money. If you are a true small biz, like us, who had real needs because of hurricane loss- they could care less, For them its all about gouging you for profit. Typical crony capitalism.

Shera A.

May 10, 2018

May or may not recommend

I am very disappointed of the process for applying for a SBA Loan. My mother an 85 years old lady was prompted by FEMA to request a loan after Hurricane Maria, left her with a lot of house damages. Unfortunately I am living in Florida now and was not able to be present to help her with the process. She complied with all the requisites and requests from Small Business ...Show More

Showing 6 of 6 reviews