SBA Loans

Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.

GET A LOAN

How USA Funding helps small businesses get loans

The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.

In order to get an SBA-backed loan:

Visit our Loans page to find the loan that best suits your need
Enter your Zip Code on Lender Match to find a lender in your area
Apply for a loan through your local lender
Lenders will approve and help you manage your loan

SBA only makes direct loans in the case of businesses and homeowners recovering from a declared disaster.

SBA reduces risk and enables easier access to capital.

Loans for borrowers

7(a) loans

A group of SBA loans which guarantee portions of the total amount, cap interest rates, and limit fees.

504 loans

Long-term, fixed-rate financing to purchase or repair real estate, equipment, machinery, or other assets.

Microloans

Our smallest loan program, providing $50,000 or less to help businesses start up and expand.

Looking for expert advice and guidance?

Our loan specialist is just one call away!!!

Connect With a Loan Specialist

Types of Business Loans We Offer

SBA LOANS
NJEDA LOANS
USDA B&I LOANS (FmHA)
LINES OF CREDIT
COMMERCIAL LOANS
ASSET BASED LOANS

WORK OUT LOANS
TURN AROUND SITUATIONS
ALTERNATE LENDING (Short Term) LOANS
BRIDGE LOANS
MACHINERY AND EQUIPMENT LOANS
ACCOUNTS RECEIVABLE LOANS

SOLAR GENERATING LOANS
PURCHASE ORDER FINANCING
CONSTRUCTION LOANS
DIP (Debtor in Possession) FINANCING
(M&A) MERGER AND ACQUISITION FINANCING
COMMERCIAL INVESTMENT ( Real Estate ) FINANCING

Benefits of SBA-guaranteed loans

Competitive terms: SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
Counseling and education: Some loans come with continued support to help you start and run your business.
Unique benefits: Lower down payments, flexible overhead requirements, and no collateral needed for some loans.

Stay safe

Protect yourself from predatory lenders by looking for warning signs. Some lenders impose unfair and abusive terms on borrowers through deception and coercion. Watch out for interest rates that are significantly higher than competitors’ rates, or fees that are more than five percent of the loan value. Make sure the lender discloses the annual percentage rate and full payment schedule. A lender should never ask you to lie on paperwork or leave signature boxes blank. Don’t get pressured into taking a loan. Survey competing offers and consider speaking with a financial planner, accountant, or attorney before signing for your next loan.

GET A LOAN

Get $500 to $5.5 million to fund your business

Loans guaranteed by SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan. Your lender can match you with the right loan for your business needs.

Working capital

Like seasonal financing, export loans, revolving credit, and refinanced business debt.

Fixed assets

Like furniture, real estate, machinery, equipment, construction, and remodeling.

Eligibility requirements

Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet SBA size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding. The lender will provide you with a full list of eligibility requirements for your loan.

Be a For-Profit Business

The business is officially registered and operates legally.

Do business in the U.S.

The business is physically located and operates in the United States or its territories.

Have invested equity

The business owner has invested their own time or money into the business.

Exhaust financing options

The business cannot get funds from any other financial lender.

Loans for exporters

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 SBA created programs to make it easier for U.S. small businesses to get export loans.

To learn how SBA can help you get an export loan, contact your local SBA International Trade Finance Specialist or SBA’s Office of International Trade.

Frequently Asked Questions

Why should I use USA Funding to process and obtain my business loan?

(Why shouldn’t I go directly to the bank?)

All lending (but specifically government lending) is an art and not a science. What this means is that if you cannot present yourself properly to the lender, fail to keep up to date with the changes in the government lending programs, apply to a bank that doesn’t finance your industry, are unfamiliar with the required format of your business plan or complete your projections or any other financial data incorrectly, you will will end up being turned down for financing.

Last year alone, USA Funding successfully processed over $40,000,000 in loans for clients who were turned down by lenders before coming to us for help. These were business owners who were creditworthy but could not navigate the difficult application processes set forth by the lending institutions.

USA Funding is staffed by a team of trained accountants and bankers with over 120 years of combined experience in the Government and Commercial Lending Industry. Our team will quickly ascertain your ability to be approved for financing, provide you with a rate and term quoted by our lender (pre-approval) and furnish you with a complete list of references that we have successfully funded within the last 12 months. All this can be accomplished in 48 hours and at no cost to you!

Most importantly, USA Funding will take a complete application package and will orchestrate any missing items from your accountant and attorney.

In summary, you keep running your business and we will do everything associated with getting you your financing!

Is USA Funding a loan broker? What makes you different from a broker?

USA Funding is the direct correspondent of several banks that share with us their exact requirements for approval. This means we can review all your documentation and know whether or not you are going to pass muster with the loan committee prior to application.

Why should I finance my commercial property through a Government Loan (why not just go to my bank for a commercial mortgage)?

Utilizing a governmental loan to purchase a commercial provides many advantages, such as:

A possible smaller down payment
A straight amortization of 25 years with no balloons
A possible assumability to creditworthy borrowers
More flexibility with underwriting requirements

In some instances, we are able to utilize government lending programs to finance the purchase of 51% owner-occupied real estate with as little as 10% down and up to 40% of the remaining balance fixed for 25 years.

I heard that the SBA process will take forever?

USA Funding is staffed by a team of experts who can complete your request much faster than industry norms. We provide our clients with all requirements for processing their loans immediately after application. Typical closing takes place within a time frame of 30 to 90 days depending on the complexity of the transaction.

Why not just lease the equipment I need through an equipment leasing company?

With an SBA loan, a business can finance 100% of the equipment cost (including installation costs), should they decide to do so. Compare this to standard equipment leasing companies, who will lease your equipment (for shorter periods of time and at much higher interest rates which carry higher monthly payments) and will not cover any installation or set-up costs. Leasing companies have pre-payment penalties for equipment, while SBA does not. Equipment borrowed with an SBA can be prepaid at any time.

Another option is to finance your equipment through your commercial bank. In this case, most commercial lenders traditionally require the potential borrower to inject up to 25% of the equipment cost into the transaction and will only finance the remaining 75% for a five-year term at best (leaving the borrower with a much higher monthly payment).

USA Funding, through our lenders and the SBA, can provide a fully amortized loan for machinery and equipment that carries a 10-year term with no prepayment penalties! In addition, they will also consider financing the setup and rigging of the new equipment if needed. Additionally, and most importantly, SBA loans for machinery and equipment carry no pre-payment penalties and have no balloons.

What will you take for collateral?

As common sense would dictate, the proposed loan must be reasonably secured to assure its repayment. In other words, there should be sufficient collateral to cover the loan amount in case of a default situation.

Lack of collateral, however, is not a determining factor in denying a loan; although if an applicant does have assets, the SBA may ask them to be pledged. Each situation is different and must be reviewed on a “case by case” basis by our team.

Remember, success in lending is sometimes more about knowing how to navigate the approval and underwriting process

CALL NOW SPEAK TO A LOAN SPECIALIST