SBA Loans
Leverage US Government-backed SBA loans for larger amounts, longer terms, and the lowest rates
SBA Loans are installment loans structured for small businesses, backed by the US Government’s Small Business Administration (SBA), and issued by banks and private lenders.
The government’s backing of these fixed-rate loans is designed to enable small businesses to access capital at competitive, prime-plus rates.
With an SBA Loan, your business gets a one-time infusion of capital that it then repays, along with interest and fees, on a set schedule over a set term.
Two Types of SBA Loans
i95 Capital features both the SBA 7a and 504 loans:
- The SBA 7a loans are the SBA’s most common loan program and can be used for short and long-term operating capital, refinancing current business debt, or even buying a business.
- The SBA 504 loans are commercial estate loans that can be used for assets that promote business growth and job creation, including land, buildings, or long-term machinery.
To qualify for SBA loans, businesses must:
- Be considered a small business, as defined by the SBA
- Be engaged in doing business in the United States
- Meet the current SBA Size Standards, which vary based on the North American Industry Classification System Codes (NAICS).
The loan amounts and terms are based on several factors, including the business’s financial fundamentals, including annual revenues, profit, existing debt, the business’s credit history, the personal credit profiles of the principals, and more.
Flexible Terms to Maximize Your Opportunity
SBA Loan Amount
From $250K to $5M
Repayment Term
Up to 10 years
Payback Amount
Fixed
SBA Loan interest rates to borrowers may not exceed the SBA maximum approved rates.
The payback amount and schedule are fixed, so you can plan those payments in advance.
i95 Capital offers SBA Loans in all 50 US states.
Many Ways to Use an SBA Loan
SBA loans are perfect to
- Increase your operating capital
- Capture an opportunity to expand
- Consolidate debt
- Purchase equipment
Our customers also use them for
- Purchase real estate, land, buildings
- Construct a new building
- Renovate an existing building
How Lenders Evaluate SBA Loan Requests
SBA loan underwriting combines the lender’s own credit standards with the SBA’s eligibility requirements. Lenders evaluate the business’s revenue, profitability, existing debt obligations, and cash flow to determine whether the business can support the proposed loan payment. Personal credit scores of all principals with 20 percent or more ownership are also reviewed, as SBA loans require personal guarantees from qualifying owners.
Time in business and business credit history are meaningful factors. Established businesses with at least two years of operating history, clean tax returns, and consistent revenue are the strongest candidates. Newer businesses may still qualify but typically face more scrutiny and may need to provide additional documentation to demonstrate viability.
Collateral is considered but is not always required for SBA loans under a certain threshold. When collateral is required, lenders will look at business assets first, followed by personal assets of the principals. A strong application with clean financials, a clear use of proceeds, and complete documentation moves through SBA underwriting significantly faster than one that is incomplete or inconsistent.
How Do SBA Loans Work?
After processing your short SBA form, our advisors will send you a list of supporting documents required for your financing. i95 Capital will guide you and help you produce and gather these documents. Once completed, the loan package will be submitted to one of our Preferred SBA lenders for processing.
You will typically be notified of a credit decision within a few business days, generally subject to proper third-party verifications.
After receiving and processing these verifications, you will receive the funds in your business banking account.
The entire process typically takes four to six weeks.
You enjoy the flexibility your SBA Loan provides you. You pay back your set repayment amount for the agreed fixed period.
How to Get Started with an SBA Loan?
Apply on your own
- Start the application process by completing the SBA Loan Application Short Form.
- The form is short and easy, without commitment, and necessary to start the process quickly. It does not impact your personal credit in any way.
Or, we can assist
- Complete our contact form and select Application Assistance in the Inquiry Type, and a representative will call you promptly. i95 Capital supports you every step of the way.
Either way, we will guide and assist you in preparing your SBA Loan application package. The completed package will then be submitted to one of i95 Capital’s vetted SBA Preferred Lenders for processing.
