Three SBA programs, one page. We explain 7(a), 504, and Microloans side by side so you know exactly which one fits — then match you with the right lender from our 122+ network.
Three programs, three different strengths. Here's everything you need to pick the right one.
The most popular SBA program. Works for almost any business purpose — working capital, equipment, real estate, acquisitions, and more.
Designed specifically for major fixed-asset purchases — commercial real estate and large equipment. Structured as two loans (bank + CDC).
Small loans for small businesses and startups that need a modest amount to launch, grow, or cover working capital. Administered through nonprofit intermediaries.
Here's a simple way to think about it. If you're still not sure, we'll help you figure it out.
These apply to SBA 7(a) and SBA 504 alike. Specific requirements vary by lender and loan size.
Must be a for-profit business operating in the U.S. or its territories. Owner must be a U.S. citizen or legal resident.
Must meet SBA size standards (varies by industry). Most small businesses qualify — under $7.5M average annual receipts or under 500 employees.
Both personal and business credit reviewed. Most lenders want 680+ personal FICO. Stronger credit = better rate.
You must have skin in the game — typically 10–20% down. Lenders want proof you're invested in the business's success.
Cannot have defaulted on any prior government loan (student loans, SBA, federal taxes). Clean government record required.
Must operate as LLC, S Corp, C Corp, or Partnership. Sole proprietors may be eligible but entity structure is preferred.
We review your credit, revenue, and loan purpose. Takes 24–48 hours.
We identify the right SBA Preferred Lender from our network for your deal.
Full SBA application submitted with docs. Lender underwrites and packages.
Preferred Lenders approve in-house. Non-PLP goes to SBA for sign-off.
Final docs, closing, and funds disbursed. 30–90 days total timeline.
Gather these in advance to speed up your approval. We'll walk you through each one.
SBA 7(a) typically closes in 30–60 days with an SBA Preferred Lender (PLP), or 60–90 days through standard processing. SBA 504 usually takes 60–90 days due to the two-loan structure (bank + CDC). Having your documentation complete and organized upfront is the single biggest factor in speeding up the process.
Yes — SBA 7(a) loans are available to startups, though requirements are stricter. Lenders will want a detailed business plan, financial projections, relevant industry experience, strong personal credit (700+), and a larger equity injection (20–30%). Franchise startups on the SBA Registry often have an easier path because the business model is proven.
SBA Preferred Lenders (PLP) are authorized to approve SBA loans in-house without sending each application to the SBA for review. This cuts weeks off the timeline. Standard lenders submit to the SBA for approval. We specifically target PLP lenders in our network to get you funded faster.
Yes — both SBA 7(a) and SBA 504 can be used for commercial real estate. The SBA 504 is typically better for real estate because it offers a fixed below-market rate and 20–25 year terms. The property must be owner-occupied (your business must use at least 51% of the space). Investment properties don't qualify for SBA — use a DSCR loan instead.
An SBA decline from one lender doesn't mean you're out of options. Different lenders have different appetite and overlays. We also have non-SBA alternatives — business term loans, revenue-based financing, and equipment financing — that can bridge the gap while you improve your profile. If credit is the issue, our credit repair program can get you SBA-ready in 90–180 days.
SBA requires lenders to take available collateral but will not decline a loan solely because collateral is insufficient. For loans under $25,000, collateral is often waived. For larger loans, lenders will typically take a lien on business assets and sometimes a personal guarantee. Real estate loans are secured by the property itself.
SBA Microloans are small loans up to $50,000 administered through SBA-approved nonprofit intermediaries — not traditional banks. They're designed for startups, very small businesses, and borrowers who don't qualify for conventional SBA programs. Credit requirements are more flexible (575+ in many cases). Many intermediaries also provide free business training and mentoring alongside the loan, which is a genuine advantage for newer owners. Average loan size is around $13,000.
One application. We match you with the right SBA lender from our 122+ network. Free consultation, no obligation.