Government-backed financing with long terms and competitive rates. Compare SBA 7(a), 504 and microloan offers from multiple SBA lenders.
Check My Eligibility →SBA loans are small business loans partially guaranteed by the U.S. Small Business Administration. Because the government backs a portion of the loan, private lenders can offer lower rates, longer terms and higher amounts than they otherwise would.
The main programs are the 7(a) loan (general purpose, working capital, acquisition), the 504 loan (real estate and heavy equipment) and the microloan (up to $50,000 for smaller needs). Through BidMyCapital you can compare SBA lenders alongside alternative funding to find the right fit.
The SBA guarantees part of the loan, reducing risk for the lender.
SBA loans are issued by approved banks and lenders, not the SBA itself.
Terms of up to 10 years for working capital and 25 years for real estate.
SBA 7(a) rates are capped and typically sit in the prime + 3% to prime + 6% range, far below many alternative products. The trade-off is paperwork and time — approval can take weeks. 504 loans offer fixed-rate financing for real estate over up to 25 years.
The business must operate in the U.S. and be eligible under SBA rules.
Most lenders prefer established businesses; startups are harder to place.
SBA lenders generally require strong personal credit and no defaults.
The loan must be repaid from business cash flow, documented in detail.
The 7(a) is the SBA's flagship program, used for working capital, equipment, inventory and business acquisition. Loan amounts go up to $5 million with terms up to 10 years.
From application to funding typically takes 30 to 90 days. If you need cash faster, alternative revenue-based funding may bridge the gap while you wait.
SBA lenders generally require strong credit (often 680+) and no recent defaults. Borrowers below that are usually better matched with revenue-based options.
The 7(a) is for general working capital and has flexible uses. The 504 is specifically for fixed assets like commercial real estate and heavy equipment, with terms up to 25 years.
7(a) loans go up to $5 million. 504 loans also reach $5 million for eligible real estate and equipment projects.