Start or expand your business with loans guaranteed by the Small Business Administration.
An SBA loan is a government-guaranteed small business loan that has a long-term and low-interest rates. The Small Business Administration (SBA) is the government agency that partially guarantees SBA loans and was founded in 1953 to support small business owners across the United States.
The most common misunderstanding about these loans is that the agency lends money directly to small businesses. However, the agency does not make direct loans. The SBA provides a guarantee on the loan, promising to reimburse the bank for a certain percentage of your loan if you default on that loan. This guarantee lowers the risks to banks and other lenders, encouraging them to offer these loans to more American small businesses. Many banks and other financial institutions offer SBA loans, but their process, requirements and fees can vary.
Because SBA loans are created with small businesses in mind, they have advantages that traditional financing solutions do not offer.
SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
Some loans come with continued support to help you start and run your business.
Lower down payments, flexible overhead requirements, and no collateral needed for some loans.
SBA loans can help your business grow in a multitude of ways.
Because of this flexibility in how a business can use funds, SBA loans are a great tool for businesses, no matter their current situation and objectives.
Most U.S. banks view loans for exporters as risky. This can make it harder for you to get loans for things like day-to-day operations, advance orders with suppliers, and debt refinancing. That’s why the SBA created programs to make it easier for U.S. small businesses to get export loans.