SBA Loans

Good For:

Business owners with great credit who need long-term financing.

Bad For:

You need short-term financing.

The most popular loan program the SBA offers is called the 7(a) loan program. This loan can be used for most business purposes. SBA 7(a) loans are long-term loans, with the typical term ranging from 10 to 25 years depending on what you’re using the funds for. The SBA sets the maximum interest rates that lenders can charge, bringing the current rates to 7% to 9.5%.

Apply for a SBA Loan