Many small business owners rely on loans from the Small Business Administration to fund their ventures. SBA loans offer a bevy of benefits for entrepreneurs, including low interest rates, long repayment terms and no ballooning costs, so you can focus on what’s really important: building your business.
The most common type of SBA loan, the SBA 7(a) loan offers up to $5 million to get your business up and running. Whether the funds are for a start-up, acquisition or expansion, a 7(a) loan can help you reach your small business financing goals.
For small business owners needing access to capital quickly, a simple SBA Working Capital loan could be beneficial. These loans offer up to $150,000 and can close in as little as 45 days, allowing you to move forward with financing quickly.