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SBA Loans for Business Ownership & Expansion

SBA Loans for Business Ownership & Expansion

Financing solutions for needs small and large.

If you're looking to finance the acquisition or expansion of a small business, there are two types of Small Business Administration (SBA) loan to consider – one for larger borrowing needs and one for smaller needs.

SBA Express Loans: For Financing Needs Up to $350,000

SBA Express is a loan program that offers both term loans and lines of credit to small businesses. Proceeds may be used to finance business acquisition, equipment, debt refinance, working capital, inventory and tenant improvement.

Program Highlights

  • Loan amounts from $25,000 to $350,000.
  • Loans up to $500,000 may be available under the Patriot Express plan to veterans and members of the military community and their spouses who want to establish or expand a small business.
  • Business assets may be used as collateral; real estate may also be required.
  • Accelerated processing with conventional loan documentation.

Advance Rates

  • 75% – Business acquisition, startup, partner buyout or expansion
  • 90% – Equipment
  • 100% – Debt refinance, inventory, working capital

SBA 7(a) Loans: For Financing Needs Up to $5 Million

The SBA 7(a) Business Loan is ideal for small businesses with larger financing needs. Funds may be used for business acquisition, startup, equipment, debt refinance, working capital, inventory, tenant improvement and partner buyout.

Loan Amounts and Terms

  • Loan amounts of up to $5 million are available.
  • Terms vary based on the use of the loan:
    • 10 years for business acquisition, equipment or tenant improvement
    • 7 years for working capital, inventory
    • Up to 10 years for debt refinance
  • Rates are based on LIBOR and WSJ Prime
  • Collateral is required

Advance Rates

  • 75% – Startup
  • 85% – Business acquisition
  • 90% – Equipment
  • 100% – Debt refinance, inventory, working capital, partner buyout

Equal Housing Lender Equal Housing Lender

Subject to credit approval and program guidelines. Some restrictions may apply. Financing maximums and terms are determined by borrower qualifications and use of funds.

For SBA Express loans under $250,000

Call Us
866-280-3751

For SBA loans
over $250,000

Call Us
888-722-3948

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