Still waiting for your Employee Retention Credit (ERC) refund? ERC Now

SBA Loans

The Small Business Administration (SBA) helps businesses obtain capital by giving the government’s guarantee to loans made by commercial lenders. Three primary programs, the SBA 7(a), SBA 504, and the SBA Express loan programs offer businesses a variety of longer-term, lower-interest-rate loans to consider.
SBA Loans


Good to Know
$25k - $5m+ *
  • SBA 7(a) - $25K - $5.5M
  • SBA 504 - Up to $5M+
  • SBA Express - Up to $500K

Payment Schedule

The SBA 7(a), SBA 504, and SBA Express each over installment loans that are repaid on a fixed monthly payment schedule. The SBA Express also offers a line of credit product also on a monthly repayment schedule.


An SBA 7(a) loan can term out to 25 years, while the SBA 504 offers 10, 20, 25 year terms. The SBA express can stretch from 5 years to 25 years.

2 men applying

The Application Process

Committed to working with you in an ethical, responsive, and transparent way.

Complete the application

First, decide which SBA loan program you plan to apply for funding. Then make sure you meet the basic eligibility requirements for the program. Find an affiliated SBA lender that is a match for that SBA program. Gather your documents and submit your SBA loan application. This can take up to 30 days to clear this process.

Review your options

Once your application has been processed and reviewed by the affiliated SBA lender, it will submit the file to gain a commitment letter from the government. This process can take between 30-45 days.

Receive funds

Once the commitment is received. The lender will schedule a closing, work to secure the collateral against the business and disperse funds to the business. This process can take between 7-14 days.

Eligibility requirements

Be a for-profit business of any legal structure.
Be independently owned, operated, and located in the U.S.
Demonstrated ownership character and has invested equity in the business.
Have a good business purpose that is a match for SBA loan type.
man talking on phone


SBA Loans

Do I apply to the SBA directly or with a participating lender?

The business borrower applies with a participating lender, not the SBA. The lender applies to the SBA, on the borrower’s behalf, for the loan guaranty. The lender will provide the documentation required to make an application for review of the SBA loan.

What can I use an SBA loan for?

An SBA 7(a) loan is typically used for a variety of business purposes including working capital, equipment acquisition, debt refinance, change of ownership, and real estate purchases. The SBA 504 loan is typically used for long-term, fixed-rate financing of major fixed assets that promote business growth and job creation like existing buildings, land, new facilities, and long-term equipment. The SBA Express loans can be used for similar reasons to the SBA 7(a) like working capital, equipment purchases, debt refinance, and real estate purchases.

What will I need to apply for an SBA loan?

When filling out an application for an SBA loan be prepared to have current bank statements, a valid ID, a business checking account, past tax returns, a schedule of business debts, and a plan for the use of proceeds.

How long does it take to get an SBA loan?

The SBA loan approval process can typically take between 30 to 90 days from application to funding. However, this timeframe varies depending on the loan type. The exact steps for getting an SBA loan can also differ from lender to lender. Once approved and receipt of all signed documents are, the funds are directly deposited typically in 3-5 business days. If collateral is required for the loan, the SBA will prepare a partial disbursement to submit to the borrower and release the remaining funds once all collateral is secured.

Let’s get
started today

Have Questions?
We Can Help!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Capital Reaction.
36 Russ Street, 3rd Floor
Hartford, CT 06106