Menu
Borrow up to $5 million, use the funds for any business purpose, and secure the most competitive terms on the market with National Business Capital. Get fast and flexible financing tailored to your unique business needs, ensuring you have the capital to seize every opportunity and overcome any challenge.
1+ Year in Business
$500,000+ in Annual Revenue
A Small Business Administration-backed loan, or an SBA business loan, can help your business secure working capital to achieve various goals, such as expanding, purchasing or refurbishing equipment, acquiring new real estate, or refinancing an existing mortgage or agreement.
SBA loans are among the most desirable and sought-after business loans. Many small business owners apply for SBA loans before exploring other similar options. They offer lower interest rates and substantially longer repayment terms, providing the necessary funding without disrupting your cash flow.
While you can obtain SBA financing through both traditional banks and online lenders, these lenders do not take all the risk. These loans are guaranteed by the SBA, a branch of the government dedicated to fostering stronger small businesses.
One drawback of SBA loans through most lenders is the lengthy process, which can take up to eight months to complete. Banks thoroughly review loan applications, business plans, personal credit scores, and more before providing an answer. However, using an SBA loan to drive revenue in your business can significantly improve cash flow.
National Business Capital has streamlined this process to just 45 days! Through our network of lending partners, we can speed up the funding process to nearly half the time. We also simplify the long and complex procedure to make SBA funding much easier for you. With guidance from your Business Financing Advisor, you can even secure an SBA loan with a tax judgment.
If you’re looking to use an SBA loan for purposes other than acquiring an existing business, here are the standard requirements:
Your business, or the business you’re looking to purchase, must:
It’s important to determine if your business qualifies before sending an application. This way, you won’t wait months only to find out you were ten points off the minimum credit score requirement, and you can avoid wasting precious time that could have been spent running your business. National Business Capital can assist in determining your eligibility and streamlining the application process to help secure the funding you need efficiently.
SBA loans are among the most coveted financing options available to entrepreneurs due to their high borrowing limits and low-interest rates. SBA-sponsored lenders offer their financing products based on strict eligibility requirements, including high credit scores, extended time in business, and substantial annual revenue. If your organization doesn’t meet these criteria, you might find it challenging to qualify for some of the more substantial SBA financing programs. However, you might be able to reach approval with a more lenient option, like SBA microloans.
While SBA loans have stringent eligibility requirements, including:
If your business does not meet these criteria, consider more lenient options such as SBA microloans. Microloans are designed to help small businesses and certain not-for-profit childcare centers start up and expand. They offer smaller loan amounts and may have more flexible requirements.
National Business Capital can help you navigate the complexities of SBA loans and find the right financing option for your business. With expert guidance and streamlined application processes, you can increase your chances of securing the funding you need to grow your business.
Whether you are looking to expand, purchase new equipment, or manage cash flow, SBA loans can provide the necessary financial support to help you achieve your business goals.
Small Business Administration (SBA) loans come in a variety of types, each designed to meet different needs and circumstances for small businesses. Here are the three main types of loans offered by the SBA:
SBA 7(a) loans are the SBA’s most common loan program. They provide up to $5 million in funding for a variety of business purposes, including:
Repayment Terms:
SBA 504 loans are specifically designed to promote business growth and job creation. They can be used for the purchase, construction, or improvement of:
Restrictions:
SBA Microloans offer up to $50,000 in capital to qualified borrowers. They can be used for:
Repayment Terms:
While each SBA loan type has specific requirements, some general criteria include:
National Business Capital can help you navigate the complexities of SBA loans and find the right financing option for your business. With expert guidance and streamlined application processes, you can increase your chances of securing the funding you need to grow your business. Whether you are looking to expand, purchase new equipment, or manage cash flow, SBA loans can provide the necessary financial support to help you achieve your business goals.
Applying for an SBA loan involves several steps and requires careful preparation to ensure eligibility and maximize your chances of approval. Here’s a detailed overview of what to expect during the application process:
Before you begin the application process, confirm that you meet the minimum qualifications for an SBA loan. These generally include:
If you don’t meet these criteria, consider alternative financing options such as traditional bank loans, credit unions, or non-bank lenders.
Select the SBA loan that best fits your business needs. Consider factors such as:
The main types of SBA loans include:
SBA loans are offered through a network of approved lenders, including major banks like Wells Fargo and Chase Bank, as well as non-bank lenders. Availability varies by state, so conduct thorough research to identify viable options in your area.
To streamline your search, consider working with a marketplace like National Business Capital, which can connect you with multiple lenders through a single application.
Prepare and submit your SBA loan application along with all required documentation. This typically includes:
Double-check your application for completeness and accuracy to avoid delays.
The SBA underwriting process can take anywhere from 30 days to 6 months, depending on the complexity of your application and the lender’s workload. Be prepared for potential delays and resubmissions if there are errors or missing documents.
There is no one-size-fits-all SBA loan for every business. Carefully evaluate your options and consider your specific business needs to choose the best financing solution. With the right preparation and guidance, an SBA loan can provide the capital necessary to achieve your business goals, whether it’s expanding operations, purchasing equipment, or improving cash flow.
National Business Capital can assist in this process by connecting you with the right lenders and offering expert advice to navigate the complexities of SBA loans. By leveraging their extensive network and streamlined application process, you can expedite funding and focus on growing your business.
An SBA loan is an excellent way to finance your big business dreams. Whether you’re looking to start a business, expand one, or fund a special project, SBA loans offer the resources to do so, with generous terms that allow you to repay on an easy schedule. SBA loans also provide access to other resources, such as grants and tax incentives, so you can maximize the efficiency of your capital.
With SBA loans, you can make any idea a reality – from launching your dream startup to creating the perfect product or service.
Small Business Administration loans can be used for “most” business purposes, including:
However, there are restrictions on what SBA loans can be used for:
The “best” SBA loans are the ones that fit your business and where it’s headed. Carefully review the usage restrictions, terms, and interest rates before signing on the dotted line to ensure you can Grow to Greatness with as little friction as possible.
By leveraging the right SBA loan, you can achieve your business goals with flexible, low-interest financing and the support of the SBA’s extensive resources.
At National Business Capital, we streamline your search for business financing by centralizing all of your options in one place. With just one application, you can receive multiple offers, making it easier to find the best fit for your business needs.
The SBA loan application process is notoriously long, but our award-winning team can finalize it in as little as 45 days. If this timeframe doesn’t work for your goals, we can explore alternative options. Our team will negotiate on your behalf to tailor your contract to meet your unique needs, ensuring you get the best possible terms.
National Business Capital has the experience and creativity to keep your business moving forward, regardless of market conditions. Our extensive network of over 75 lenders and expert financing advisors work with you every step of the way to ensure you have access to the capital that best fits your business.
We look forward to learning more about your business and joining your journey. With National Business Capital, you’ll gain a financing partner for the future, ensuring your business has the capital it needs to seize every opportunity and grow without limits.
With National Business Capital, you have the funding options, expertise, and support you need to grow to greatness. Apply today and discover how we can help accelerate your success with frictionless financing and expert advice.
Up to $100MM
Up to 25 years
1 to 7 days
The funding you require to achieve your full potential is
just a few clicks away.
Complete our simplified application process in minutes and securely upload your business documents with no risk involved.
Review and compare your options with guidance from our experienced team, ensuring you choose the best fit for your unique situation.
Armed with your funds, you can confidently seize opportunities and overcome challenges.
Among all SBA loan products, microloans are the easiest to qualify for. Here’s why:
Instead of the traditional credit pull, the SBA leverages the FICO Small Business Scoring Service to determine a borrower’s eligibility, which doesn’t damage credit. Personally guaranteeing an SBA loan won’t show up on your personal credit report, either.
The SBA caps funding amounts at $5 million, although you can technically borrow up to $16.5 million. Through the SBA 504 loan program, eligible energy-efficient businesses or manufacturing projects can secure more than one 504 loan, up to $5.5 million each.