{"id":22615,"date":"2026-04-01T02:09:41","date_gmt":"2026-04-01T02:09:41","guid":{"rendered":"https:\/\/borrowingnexus.com\/?p=22615"},"modified":"2026-04-01T02:09:43","modified_gmt":"2026-04-01T02:09:43","slug":"sba-loan-guide-everything-you-need-to-know-about-sba-loans","status":"publish","type":"post","link":"https:\/\/borrowingnexus.com\/?p=22615","title":{"rendered":"SBA Loan Guide: Everything You Need To Know About SBA Loans"},"content":{"rendered":"<div>\n        \n        <div id=\"block_a14339dc25a934f6b5ffb9e44084fd8f\" class=\"key-takeaways sm:border-l-4 border-(--accent) sm:pl-8 my-8 relative\" style=\"--accent: var(--color-blue-medium)\">\n    <!-- htmlmin:ignore -->\n\n<h2 class=\"heading-4 mt-0 mb-4 text-crop-none max-sm:flex max-sm:items-center max-sm:gap-4\" id=\"key-takeaways\" data-position=\"0\" data-beam-element-viewed=\"\" data-id=\"br-h2-0-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Key takeaways\" data-outcome=\"\">\n    <span class=\"shrink-0\">Key takeaways<\/span>\n        <span class=\"max-sm:h-0.5 max-sm:w-full max-sm:w-full max-sm:bg-(--accent) max-sm:rounded-full max-sm:block\"\/>\n    <\/h2>\n    <!-- htmlmin:ignore -->\n\n    <ul class=\"flex flex-col text-gray-700 mb-0 gap-2 list-disc\">\n                    <li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            SBA loans have set maximum interest rates, making them a flexible and affordable business lending option.\n                                                <\/li>\n                    <li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            It can take 30 to 90 days for SBA loan approval and funding.\n                                                <\/li>\n                    <li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            Be sure to find an SBA lender with experience and volume in loan applications so you can have a smooth lending process. \n                                                <\/li>\n            <\/ul>\n<\/div>\n\n\n\n\n<p>SBA loans can be a good way to fund working capital and other business expenses if you\u2019ve exhausted other lending options. They are partially guaranteed by the Small Business Administration and designed to be affordable for small businesses.<\/p>\n\n\n\n\n\n\n\n<p>SBA loans often have competitive rates and low down payments, and some loans come with continued financial counseling to help you start and\/or run your company. However, these loans may take more time to apply for, given their strict guidelines, and are often more difficult to qualify for than loans not backed by the SBA.<\/p>\n\n\n\n\n<h2 id=\"what\" data-position=\"1\" data-beam-element-viewed=\"\" data-id=\"br-h2-1-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"What is an SBA loan?\" data-outcome=\"\">What is an SBA loan?<\/h2>\n\n\n\n\n<p>An SBA loan is a term loan or line of credit offered by a bank, credit union or alternative lender and backed by the Small Business Administration (SBA). There are several types of SBA loans, but all are designed to cover working capital, expansion and large purchases for small businesses.<\/p>\n\n\n\n\n\n<p>SBA loans play a crucial part in making entrepreneurship accessible for businesses across the United States, especially if they don\u2019t qualify for a conventional loan, especially for newer businesses without easy access to financing.\u00a0<\/p>\n\n\n\n\n\n<p>\u201cThe smaller the firm, the less likely a conventional bank will finance them,\u201d says Chris Hurn, founder and CEO of SBA lender Fountainhead. \u201cThe SBA serves a very important role in filling that void. It\u2019s doing a good thing to help stimulate the economy, to help create jobs and help finance the firms that will be creating the products and services of the future.\u201d<\/p>\n\n\n\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n    <div class=\"card-body border-l-4 border-blue-800\">\n                    \n                <div class=\"content-wrapper\">\n                            <p>\n                    SBA loan statistics\n                <\/p>\n                        <div class=\"content wysiwyg wysiwyg--flush\">\n                \n<p>According to previous data and the SBA\u2019s year-end 2025 annual report:<\/p>\n\n<ul>\n<li>Over $36.5 billion in 7(a) and 504 loans have been approved across 65,000 applications.<\/li>\n<li>The average 7(a) loan size was $4,457,582 as of August 2025.<\/li>\n<\/ul>\n\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<h2 id=\"how\" data-position=\"2\" data-beam-element-viewed=\"\" data-id=\"br-h2-2-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"How do SBA loans work?\" data-outcome=\"\">How do SBA loans work?<\/h2>\n\n\n\n\n<p>The SBA doesn\u2019t offer loans directly. Instead, the SBA guarantees loans that are offered by approved SBA lenders, which are banks that take on part of the loan and manage the the approval process according to their and the SBA\u2019s standards. Depending on the type of loan, the SBA may take on anywhere from 50% to 90% of the borrower\u2019s debt if they fail to pay back the loan.<\/p>\n\n\n\n\n\n<p>The SBA offers resources to find SBA lenders according to your criteria through their Lender Match site. Lenders will have their own standards for loan approval, along with their own fees and interest rates within the SBA\u2019s parameters, so be sure to shop around.\u00a0<\/p>\n\n\n\n\n\n<p>In some ways, SBA loans work like conventional business loans. You apply through a lender, and if approved, you\u2019ll receive funds that must be paid back at fixed intervals.<\/p>\n\n\n\n\n\n<p>SBA loans tend to be more affordable and have more favorable terms, like longer repayment periods and lower credit score requirements than other business loans. This is because they\u2019re guaranteed by the federal government through the SBA, which will pay out the guaranteed portion of the loan if the borrower defaults. \u00a0<\/p>\n\n\n\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n    <div class=\"card-body border-l-4 border-blue-800\">\n                    \n                <div class=\"content-wrapper\">\n                            <p>\n                    Bankrate insight\n                <\/p>\n                        <div class=\"content wysiwyg wysiwyg--flush\">\n                \n<p>According the the Federal Reserve\u2019s 2025 Small Business Credit survey, one in five (20%) of small business owners who applied for a lending product in the past year applied for an SBA loan.<\/p>\n\n\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<h3>How do I choose the right SBA lender?<\/h3>\n\n\n\n\n<p>While there are hundreds of SBA lenders to pick from, choosing the right SBA lender can save you money, boost your odds of approval and get you funding more quickly. Picking a less-experienced lender, on the other hand, can massively slow the process down.\u00a0<\/p>\n\n\n\n\n\n<p>\u201cWhen you hear these horror stories an SBA loan that took six months or nine months to close, it\u2019s often because the borrower picked the wrong lender,\u201d Hurn said.<\/p>\n\n\n\n\n\n<p>Hurn recommends working with a lender experienced in SBA loans. Preferred SBA lenders in particular are authorized by the SBA to make their own underwriting decisions, which can help speed up the process and allow them to guide you through the application process based on their standards.\u00a0<\/p>\n\n\n\n\n\n<p>When choosing an SBA lender, be sure to ask:<\/p>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li>How many loans they process a year<\/li>\n\n\n\n<li>What their average loan size is<\/li>\n\n\n\n<li>If they\u2019re a Preferred Lender<\/li>\n\n\n\n<li>How long they\u2019ve been working with SBA loans<\/li>\n\n\n\n<li>If they specialize in your industry<\/li>\n\n\n\n<li>What their fees and interest rates are<\/li>\n<\/ul>\n\n\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n    <div class=\"card-body border-l-4 border-blue-800\">\n                    \n                <div class=\"content-wrapper\">\n                            <p>\n                    Bankrate insight\n                <\/p>\n                        <div class=\"content wysiwyg wysiwyg--flush\">\n                \n<p>You can look at the top SBA lenders in the SBA\u2019s Weekly Lender Report, which publishes lenders who process the most applications and the largest loan amounts.<\/p>\n\n\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<h3>How long does it take to get an SBA loan?<\/h3>\n\n\n\n\n<p>Most SBA loans take a considerable amount of time to process, often between 30 to 90 days to receive funds. While a long lending process can be frustrating, it\u2019s important for lenders to take time to evaluate an application and ensure that the loan is properly underwritten. As such, borrowers should give themselves plenty of time when they apply for an SBA loan, and make sure they have their documentation and paperwork in order.\u00a0<\/p>\n\n\n\n\n\n<p>\u201cDespite the fact that you can order dog food on Amazon Prime today and possibly have it this afternoon or tomorrow, that\u2019s not quite how lending always works,\u201d Hurn said. \u201cIt\u2019s a process, and it\u2019s best not to wait until the last second.\u201d<\/p>\n\n\n\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n    <div class=\"card-body border-l-4 border-blue-800\">\n                    \n                <div class=\"content-wrapper\">\n                            <p>\n                    Bankrate insight\n                <\/p>\n                        <div class=\"content wysiwyg wysiwyg--flush\">\n                \n<p>Loans from a lender who is a part of the SBA\u2019s Preferred Lender Program tend to be faster since they do not require SBA approval before moving forward with the process.<\/p>\n\n\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<h2 id=\"types\" data-position=\"3\" data-beam-element-viewed=\"\" data-id=\"br-h2-3-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Types of SBA loans\" data-outcome=\"\">Types of SBA loans<\/h2>\n\n\n\n\n<p>There are many types of SBA loans. Here\u2019s a look at the most common types.<\/p>\n\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table wrapped\">\n<thead><tr>\n<th>SBA loan type<\/th>\n<th>Purpose<\/th>\n<\/tr><\/thead>\n<tbody>\n<tr>\n<td>7(a) loans<\/td>\n<td>Almost any purpose \u2013 working capital, payroll, expansion, equipment<\/td>\n<\/tr>\n<tr>\n<td>504 loans<\/td>\n<td>Long-term financing for real estate and large equipment<\/td>\n<\/tr>\n<tr>\n<td>Microloans<\/td>\n<td>Working capital, inventory, supplies, equipment<\/td>\n<\/tr>\n<tr>\n<td>Express loans<\/td>\n<td>Faster response times<\/td>\n<\/tr>\n<tr>\n<td>Economic Injury Disaster Loans (EIDL)<\/td>\n<td>To cover expenses that would have been met had a disaster not occurred<\/td>\n<\/tr>\n<tr>\n<td>CAPLines<\/td>\n<td>To help with bidding on specific contracts or cover seasonal expenses<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n\n\n\n<h3>7(a) loans<\/h3>\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table wrapped\"><tbody>\n<tr>\n<td>Loan amount<\/td>\n<td>Up to $5 million*<\/td>\n<\/tr>\n<tr>\n<td>Maximum SBA guarantee<\/td>\n<td>85% of loans under $150,000, 75% for loans over $150,000<\/td>\n<\/tr>\n<tr>\n<td>Interest rates<\/td>\n<td>Cannot exceed SBA set maximum<\/td>\n<\/tr>\n<tr>\n<td>Repayment terms<\/td>\n<td>Up to 10 years for working capital loans, 25 years for real estate loans<\/td>\n<\/tr>\n<tr>\n<td>Down payment<\/td>\n<td>10%<\/td>\n<\/tr>\n<tr>\n<td>Collateral required?<\/td>\n<td>Yes, if loan is over $50,000<\/td>\n<\/tr>\n<\/tbody><\/table><\/div>\n<figcaption class=\"wp-element-caption\">*<em>*While the standard cap is $5 million, qualifying domestic manufacturers can apply for up to $5.5 million in 7(a) loans.\u00a0<\/em><\/figcaption>\n\n\n\n\n<p>SBA 7(a) loans are the most common option for business owners. Though some might require collateral, they are generally unsecured and are designed for working capital expenses. But you can use the funding for whatever your business needs, like payroll, expansion or new equipment.<\/p>\n\n\n\n\n\n<p>The SBA caps both fixed and variable rates, and in many cases, they can be lower than the interest rates for other types of business loans.<\/p>\n\n\n\n\n\n<p>Collateral requirements for 7(a) loans will generally depend on the lender. Smaller loans under $50,000 generally won\u2019t require collateral, while loans over that amount will typically need to be secured with business assets such as equipment or real estate. Loans over $350,000 may require you to put personal assets on the line if the value of your business equipment doesn\u2019t cover the loan balance.\u00a0<\/p>\n\n\n\n\n<h3>Express loans<\/h3>\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table wrapped\"><tbody>\n<tr>\n<td><strong>Loan amount<\/strong><\/td>\n<td><strong>Up to $500,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Maximum SBA guarantee<\/td>\n<td>50%<\/td>\n<\/tr>\n<tr>\n<td>SBA approval time<\/td>\n<td>36 hours<\/td>\n<\/tr>\n<tr>\n<td>Interest rates<\/td>\n<td>Cannot exceed SBA set maximum<\/td>\n<\/tr>\n<tr>\n<td>Repayment terms<\/td>\n<td>Up to 10 years for revolving lines of credit, 5 to 10 years for working capital loans, 25 years for real estate loans<\/td>\n<\/tr>\n<tr>\n<td>Down payment<\/td>\n<td>10%<\/td>\n<\/tr>\n<tr>\n<td>Collateral required?<\/td>\n<td>Yes, if loan is over $50,000<\/td>\n<\/tr>\n<\/tbody><\/table><\/div>\n\n\n\n\n<p>Express loans are a type of 7(a) loan. They are functionally the same as 7(a), but the application process is expedited for quick funding. While it can sometimes take one to five days for the SBA to process its portion of the application, an SBA Express loan provides a faster turnaround time of 36 hours or less.<\/p>\n\n\n\n\n\n<p>Like 7(a) loans, SBA Express loans will typically require collateral if the loan is over $50,000.\u00a0<\/p>\n\n\n\n\n<h3>504 loans<\/h3>\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table wrapped\"><tbody>\n<tr>\n<td><strong>Loan amount<\/strong><\/td>\n<td>\n<strong>Up to $5.5 million<\/strong>*<\/td>\n<\/tr>\n<tr>\n<td>Maximum SBA guarantee<\/td>\n<td>Up to 40%<\/td>\n<\/tr>\n<tr>\n<td>Interest rates<\/td>\n<td>Approximately 3% of debt; based on an increment above current market rate for 10-year U.S. Treasury issues<\/td>\n<\/tr>\n<tr>\n<td>Repayment terms<\/td>\n<td>10-, 20- and 25-year maturity terms<\/td>\n<\/tr>\n<tr>\n<td>Down payment<\/td>\n<td>10%<\/td>\n<\/tr>\n<tr>\n<td>Collateral required?<\/td>\n<td>Yes<\/td>\n<\/tr>\n<\/tbody><\/table><\/div>\n<figcaption class=\"wp-element-caption\">*<em>While the standard cap is $5 million, qualifying domestic manufacturers can apply for up to $5.5 million in 504 loans.\u00a0<\/em><\/figcaption>\n\n\n\n\n<p>The 504 SBA loan program is long-term financing for constructing or purchasing buildings, land and large equipment or machinery. These funds can only be used for qualifying real assets, such as land or equipment, and cannot be used for working capital, payroll or non-asset expenditures, making 504 more restrictive than other SBA loan types.<\/p>\n\n\n\n\n\n<p>While 504 loans require collateral, typically the assets you purchase with the loan funds will be used to secure the loan.\u00a0<\/p>\n\n\n\n\n\n<p>They are funded through Certified Development Companies (CDCs), which are certified by the SBA. A 504 loan will also be partially funded by a third-party lender, which will set the loan\u2019s primary terms and interest rates.<\/p>\n\n\n\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n    <div class=\"card-body border-l-4 border-blue-800\">\n                    \n                <div class=\"content-wrapper\">\n                            <p>\n                    Bankrate insight\n                <\/p>\n                        <div class=\"content wysiwyg wysiwyg--flush\">\n                \n<p>You can use the SBA\u2019s online tool to find a local CDC.<\/p>\n\n\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<h3>Microloans<\/h3>\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table wrapped\"><tbody>\n<tr>\n<td>Loan amount<\/td>\n<td>Up to $50,000<\/td>\n<\/tr>\n<tr>\n<td>Maximum SBA guarantee<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<tr>\n<td>Interest rates<\/td>\n<td>Varies depending on lender, usually between 8% and 13%<\/td>\n<\/tr>\n<tr>\n<td>Repayment terms<\/td>\n<td>Up to seven years<\/td>\n<\/tr>\n<tr>\n<td>Down payment<\/td>\n<td>None<\/td>\n<\/tr>\n<tr>\n<td>Collateral required?<\/td>\n<td>Varies among lenders<\/td>\n<\/tr>\n<\/tbody><\/table><\/div>\n\n\n\n\n<p>Microloans are the smallest funding option offered by the SBA.<\/p>\n\n\n\n\n\n<p>Like 7(a) loans, SBA microloans are meant for working capital and other expenses like inventory, supplies and equipment. They cannot be used to repay existing debts or for real estate.<\/p>\n\n\n\n\n\n<p>Collateral requirements will depend on the SBA lender. Since SBA microloans are smaller than other loan types, some lenders won\u2019t require collateral or a personal guarantee for the loan. Others may require you secure the loan with business or personal assets.\u00a0<\/p>\n\n\n\n\n<h3>Economic Injury Disaster Loans<\/h3>\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table wrapped\"><tbody>\n<tr>\n<td><strong>Loan amount<\/strong><\/td>\n<td><strong>Up to $2 million<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Maximum SBA guarantee<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<tr>\n<td>Interest rates<\/td>\n<td>Not to exceed 4%<\/td>\n<\/tr>\n<tr>\n<td>Repayment terms<\/td>\n<td>Up to 30 years<\/td>\n<\/tr>\n<tr>\n<td>Down payment<\/td>\n<td>None<\/td>\n<\/tr>\n<tr>\n<td>Collateral required?<\/td>\n<td>Yes, for loans over $50,000<\/td>\n<\/tr>\n<\/tbody><\/table><\/div>\n\n\n\n\n<p>Economic Injury Disaster Loans (EIDLs) are meant to help companies impacted by a disaster. They\u2019re available to small businesses, agricultural cooperatives and most private nonprofits that are in and have been impacted by a federally-declared disaster.\u00a0<\/p>\n\n\n\n\n\n<p>The SBA will offer funding at low interest rates, with the amount you can borrow determined by your actual economic injury and financial needs. Loans over $50,000 require some form of collateral, preferably real estate \u2013 however, \u00a0loans under $200,000 won\u2019t require you to use your home as collateral if you have other business assets you can use instead.\u00a0<\/p>\n\n\n\n\n<h3>CAPLines<\/h3>\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table wrapped\"><tbody>\n<tr>\n<td><strong>Loan amount<\/strong><\/td>\n<td><strong>Up to $5 million<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Maximum SBA guarantee<\/td>\n<td>85% of loans under $150,000, 75% for loans over $150,000<\/td>\n<\/tr>\n<tr>\n<td>Repayment terms<\/td>\n<td>Up to 10 years; up to 5 years for Builders CAPLine<\/td>\n<\/tr>\n<tr>\n<td>Down payment<\/td>\n<td>None<\/td>\n<\/tr>\n<tr>\n<td>Collateral required?<\/td>\n<td>Yes, on credit limited over $50,000<\/td>\n<\/tr>\n<\/tbody><\/table><\/div>\n\n\n\n\n<p>SBA CAPLines are lines of credit that come in four different forms:<\/p>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li>Seasonal CAPLine: Used for financing seasonal increases in costs, such as inventory or labor.<\/li>\n\n\n\n<li>Contract CAPLine: Used to help finance the labor and material costs of specific assignable contracts<\/li>\n\n\n\n<li>Builders CAPLine: Used to finance labor and material costs for a contract or builder renovating or constructing a building.<\/li>\n\n\n\n<li>Working CAPline: Designed for businesses that can\u2019t meet long-term credit standards.<\/li>\n<\/ul>\n\n\n\n\n<p>Like traditional lines of credit, SBA CAPLines will only accrue interest on the balance you withdraw. Lenders will generally require collateral for CAPLine amounts over $50,000, based on their own lending standards.\u00a0<\/p>\n\n\n\n\n<h2 id=\"cost\" data-position=\"4\" data-beam-element-viewed=\"\" data-id=\"br-h2-4-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"How much does an SBA loan cost?\" data-outcome=\"\">How much does an SBA loan cost?<\/h2>\n\n\n\n\n<p>While SBA loans are more affordable than other loan types, they do come with interest rates, down payment requirements and fees based on the loan type, the loan amount and current interest rates. Here\u2019s a breakdown of how much you can expect to pay.\u00a0<\/p>\n\n\n\n\n<h3 id=\"rates\">SBA interest rates<\/h3>\n\n\n\n\n<p>SBA loan rates vary by lender but are based on the daily prime rate plus a set rate determined by your lender, which can\u2019t exceed predetermined rates set by the SBA. Here\u2019s a look at the maximum variable rates for select SBA loan types, calculated using the SBA set rates added to a current prime rate of 8.50%. For more information on how rates are set, check out our guide on SBA loan rates.<\/p>\n\n\n\n\n<h4>7(a) loans and CAPLines<\/h4>\n\n\n\n\n<p>Fixed-interest loans will retain the same interest rate throughout the loan\u2019s term, making your payments consistent throughout the repayment period. The SBA uses the prime rate, which is based on the Federal Funds rate, at the time of loan approval to calculate fixed interest loans.\u00a0<\/p>\n\n\n\n\n\n<p>Variable-rate loans, on the other hand, calculate each monthly payment based on the prime rate at the time of the payment due date, meaning that your payment can go up or down based on the prime rate.<\/p>\n\n\n\n<ul class=\"Accordion w-full align\">\n    <li x-id=\"['panel-sba-7a-loans-and-caplines-fixed-interest-rates', 'heading-sba-7a-loans-and-caplines-fixed-interest-rates']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-sba-7a-loans-and-caplines-fixed-interest-rates')\" :aria-controls=\"$id('panel-sba-7a-loans-and-caplines-fixed-interest-rates')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><h5 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    SBA 7(a) loans and CAPLines fixed interest rates\n    <\/h5>\n<!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Caret Down Icon<\/title>\n<path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/svg><\/span><\/button><div class=\"Accordion-contentWrapper\" :id=\"$id('panel-sba-7a-loans-and-caplines-fixed-interest-rates')\" :aria-labelledby=\"$id('heading-sba-7a-loans-and-caplines-fixed-interest-rates')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\"><div class=\"Accordion-content text-gray-700 px-3 pb-4 sm:px-6 sm:pb-6\">\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"has-fixed-layout Table Table--text Table--spacing1 Table--stripedOdd wrapped\">\n<thead><tr>\n<th>Loan amount<\/th>\n<th>Max rate<\/th>\n<th>Current max rate<\/th>\n<\/tr><\/thead>\n<tbody>\n<tr>\n<td>$25,000 or less<\/td>\n<td>Prime rate + 14.75%<\/td>\n<td>21.50%<\/td>\n<\/tr>\n<tr>\n<td>$25,001 to $50,000<\/td>\n<td>Prime rate + 13.75%<\/td>\n<td>20.50%<\/td>\n<\/tr>\n<tr>\n<td>$50,001 to $250,000<\/td>\n<td>Prime rate + 12.75%<\/td>\n<td>19.50%<\/td>\n<\/tr>\n<tr>\n<td>$250,001 to $350,000<\/td>\n<td>Prime rate + 11.75%<\/td>\n<td>18.50%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n\n<p><em>As of March 2026, calculated with a prime rate of 6.75%<\/em><\/p>\n\n<\/div><\/div>\n<\/li>\n                                                                <li x-id=\"['panel-sba-7a-loans-and-caplines-variable-interest-rates', 'heading-sba-7a-loans-and-caplines-variable-interest-rates']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-sba-7a-loans-and-caplines-variable-interest-rates')\" :aria-controls=\"$id('panel-sba-7a-loans-and-caplines-variable-interest-rates')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><h5 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    SBA 7(a) loans and CAPLines variable interest rates\n    <\/h5>\n<!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Caret Down Icon<\/title>\n<path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/svg><\/span><\/button><div class=\"Accordion-contentWrapper\" :id=\"$id('panel-sba-7a-loans-and-caplines-variable-interest-rates')\" :aria-labelledby=\"$id('heading-sba-7a-loans-and-caplines-variable-interest-rates')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\"><div class=\"Accordion-content text-gray-700 px-3 pb-4 sm:px-6 sm:pb-6\">\n<div class=\"w-full overflow-x-auto\"><table class=\"Table Table--text Table--spacing1 Table--stripedOdd wrapped\"><tbody>\n<tr>\n<td><b>SBA loan size<\/b><\/td>\n<td><b>Max rate<\/b><\/td>\n<td><b>Current max rate*<\/b><\/td>\n<\/tr>\n<tr>\n<td>$50,000 or less<\/td>\n<td>Prime rate + 6.5%<\/td>\n<td>13.25%<\/td>\n<\/tr>\n<tr>\n<td>$50,001 to $250,000<\/td>\n<td>Prime rate + 6.0%<\/td>\n<td>12.75%<\/td>\n<\/tr>\n<tr>\n<td>$250,001 to $350,000<\/td>\n<td>Prime rate + 4.5%<\/td>\n<td>11.25%<\/td>\n<\/tr>\n<tr>\n<td>$350,001 or more<\/td>\n<td>Prime rate + 3.0%<\/td>\n<td>9.75%<\/td>\n<\/tr>\n<\/tbody><\/table><\/div>\n\n<p><i>As of <\/i><i>March 2026, <\/i><i>calculated with prime rate of <\/i><i>6.75%<\/i><i>.<\/i><\/p>\n\n<\/div><\/div>\n<\/li>\n<\/ul>\n    \n\n\n<h4><strong>SBA 504 loans<\/strong><\/h4>\n\n\n\n\n<p>SBA 504 Loan interest rates are fixed and are based on the current interest environment, the length of the loan and the 10-year Treasury yield. As such, the rates can vary from month to month.\u00a0<\/p>\n\n\n\n\n<h4>SBA Express loans<\/h4>\n\n\n\n\n<p>SBA Express loans have a fixed interest rate and have the same rate caps as 7(a) loans with an upper limit of $500,000 in total funding.\u00a0<\/p>\n\n\n\n\n<h3>SBA fees<\/h3>\n\n\n\n\n<p>The SBA will have different fee requirements based on the loan type and amount. Lenders can also charge their own fees based on their standards and process, though this will vary from lender to lender. Certain SBA fees can be waived if you qualify as a veteran or if you are in a federally-declared disaster area.<\/p>\n\n\n\n\n<div class=\"w-full overflow-x-auto\"><table class=\"wp-block-table has-fixed-layout wrapped\">\n<thead><tr>\n<th>Loan type<\/th>\n<th>Guarantee fee<\/th>\n<th>Service fee<\/th>\n<th>Additional fees*<\/th>\n<\/tr><\/thead>\n<tbody>\n<tr>\n<td>7(a)\/Express Loans\u00a0<\/td>\n<td>2% for $150,000 or less<br\/>3% for $150,001 to $700,000<br\/>3.5% for $700,000 to $5M + a 3.75% for the guaranteed portion over $1 million<\/td>\n<td>0.55%<\/td>\n<td>Packaging, extraordinary servicing, closing, underwriting<\/td>\n<\/tr>\n<tr>\n<td>504 Loans<\/td>\n<td>0.50%<\/td>\n<td>0.209%<\/td>\n<td>\u200dProcessing, packaging, closing, debenture, underwriting, funding, annual<\/td>\n<\/tr>\n<tr>\n<td>CAPLines<\/td>\n<td>2% for $150,000 or less<br\/>3% for $150,001 to $700,000<br\/>3.5% for $700,000 to $5M + a 3.75% for the guaranteed portion over $1 million<\/td>\n<td>None<\/td>\n<td>Packaging, extraordinary servicing, closing, underwriting<\/td>\n<\/tr>\n<tr>\n<td>Microloans<\/td>\n<td>Up to 3% of loan amount<\/td>\n<td>None<\/td>\n<td>Packaging application, closing, underwriting<\/td>\n<\/tr>\n<tr>\n<td>Disaster loans<\/td>\n<td>None<\/td>\n<td>None<\/td>\n<td>None<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<figcaption class=\"wp-element-caption\"><em>*Dependent on individual lenders<\/em><\/figcaption>\n\n\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n    <div class=\"card-body border-l-4 border-blue-800\">\n                    \n                <div class=\"content-wrapper\">\n                            <p>\n                    Bankrate insight\n                <\/p>\n                        <div class=\"content wysiwyg wysiwyg--flush\">\n                \n<p>The fees above apply to loans disbursed October 1, 2025 through September 30, 2026.<\/p>\n\n\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n\n<h3>Down payment and guarantee requirements\u00a0<\/h3>\n\n\n\n\n<p>Any business owner who owns at least 20% of the business must provide an unlimited personal guarantee, meaning a lender can go after your assets if you default on the loan. And since the guarantee is unlimited, a lender could also take enough assets to cover the full loan amount, interest and even legal fees.<\/p>\n\n\n\n\n\n<p>You\u2019ll also likely need to provide a down payment of 10% to 30%. With all these assurances, a lender takes on less risk when lending, which is why SBA loan rates and terms are more favorable.<\/p>\n\n\n\n\n<h2 id=\"pros-cons\" data-position=\"5\" data-beam-element-viewed=\"\" data-id=\"br-h2-5-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Pros and cons of SBA loans\" data-outcome=\"\">Pros and cons of SBA loans<\/h2>\n\n\n\n\n<p>SBA loans are one of the best funding options available because of the cap on interest rates and the reduced risk to business owners. But that doesn\u2019t mean they\u2019re a good fit for everyone. Here\u2019s a look at the pros and cons of SBA loans.<\/p>\n\n\n\n<div id=\"block_03dfc33f2755408e5c96c4b901fe0ae3\" class=\"flex flex-col gap-8 my-6 not-wysiwyg\">\n                                    <div class=\"ProsAndConsTable\">\n    <div class=\"ProsAndConsItem\">\n        <div class=\"ProsAndConsItem-headerContainer flex items-center gap-2\">\n            <div>\n                \n            <\/div>\n            <!-- htmlmin:ignore -->\n<h3 class=\"ProsAndConsItem-header\">\n    Pros of SBA loans\n    <\/h3>\n    <!-- htmlmin:ignore -->\n        <\/div>\n\n        <ul class=\"ProsAndConsItem-list\">\n                            <li>Broad availability: SBA loans are open to a variety of businesses.<\/li>\n                            <li>Reduced interest: The interest rates associated with SBA loans are capped.<\/li>\n                            <li>Limited fees: In some cases, SBA loans may be lower fees than traditional loans or no fees.<\/li>\n                            <li>Access to business support resources: SBA borrowers can access business assistance through the SBA\u2019s Small Business Development Centers (SBDCs).<\/li>\n                    <\/ul>\n\n    <\/div>\n    <div class=\"ProsAndConsItem\">\n        <div class=\"ProsAndConsItem-headerContainer flex items-center gap-2\">\n            <div>\n                <img decoding=\"async\" src=\"https:\/\/borrowingnexus.com\/wp-content\/uploads\/2025\/06\/remove-circle.svg.svg+xml\" alt=\"Red circle with an X inside\"\/>\n            <\/div>\n            <!-- htmlmin:ignore -->\n<h3 class=\"ProsAndConsItem-header\">\n    Cons of SBA loans\n    <\/h3>\n    <!-- htmlmin:ignore -->\n        <\/div>\n        <ul class=\"ProsAndConsItem-list\">\n                            <li>Strict approval requirements: SBA loans have strict eligibility requirements that not all businesses will be able to meet.<\/li>\n                            <li>Cash or collateral required: Some SBA loans, depending on the loan program and amount of the loan, may require a down payment or collateral may be necessary.<\/li>\n                            <li>Application process: The SBA loan application process can be time-consuming and involves more red tape than other types of loans.<\/li>\n                    <\/ul>\n    <\/div>\n<\/div>\n                        <\/div>\n\n\n\n<h2 id=\"apply\" data-position=\"6\" data-beam-element-viewed=\"\" data-id=\"br-h2-6-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"How to apply for an SBA loan\" data-outcome=\"\">How to apply for an SBA loan<\/h2>\n\n\n\n\n<p>Although the SBA guarantees its loans, you still apply for these loans like you would with any other business loan.<\/p>\n\n\n\n\n<ol class=\"wp-block-list\">\n<li>Check eligibility requirements. To qualify for an SBA loan, you will need to meet common eligibility requirements \u2014 in addition to having good personal credit and strong revenue.<\/li>\n\n\n\n<li>Find a lender. Use the SBA\u2019s Lender Match Tool to find a lender that fits your business\u2019s needs. Since some lenders may have other criteria your business needs to meet, check with them before you apply.<\/li>\n\n\n\n<li>Gather your documents. As with any loan, you must provide financial and legal documents. Tax returns, profit and loss statements, a business plan and other information are frequently required when you apply.<\/li>\n\n\n\n<li>Submit the application. SBA loans typically take longer to process than other business loans. Because they are more involved, double-check your application before submitting it and ensure you have all your documents in order. It may take between 30 and 90 days to be approved and funded.<\/li>\n\n\n\n<li>If your SBA loan is denied, you can reapply in 90 days.<\/li>\n<\/ol>\n\n\n\n<h3 id=\"apply\">Common eligibility requirements<\/h3>\n\n\n\n\n<p>Because an SBA business loan is offered through an individual lender, requirements vary widely. Eligibility depends on your business\u2019s industry, size and ability to repay. Your business will have to meet the small business size standard for its industry;\u00a0<\/p>\n\n\n\n\n\n<p>In general, to be eligible for an SBA loan:<\/p>\n\n\n\n\n<ul class=\"wp-block-list\">\n<li>You have to be a small business<\/li>\n\n\n\n<li>You need to be for-profit<\/li>\n\n\n\n<li>Your business must to be based in the United States and be owned entirely by US citizens<\/li>\n\n\n\n<li>You must have exhausted all other non-government loan sources<\/li>\n\n\n\n<li>You must be an eligible business type.<\/li>\n<\/ul>\n\n\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n    <div class=\"card-body border-l-4 border-blue-800\">\n                    \n                <div class=\"content-wrapper\">\n                            <p>\n                    SBA loans may have additional requirements\n                <\/p>\n                        <div class=\"content wysiwyg wysiwyg--flush\">\n                \n<p>Certain SBA loan types may come with additional requirements or conditions. For example, if you meet the SBA definition of a manufacturer, then you can qualify for up to $5.5 million in 7(a) loans, instead of the standard $5 million. Qualifying for a disaster loan will require that your business is in and has been substantially impacted by a federally-declared disaster.<\/p>\n\n\n            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n        <div class=\"HelpfulCTA mx-auto flex flex-col items-center gap-6 my-6 py-12 text-base border-y border-gray-200\" data-helpful-cta=\"\" data-beam-element-viewed=\"\" id=\"did-you-find-this-helpful\" data-type=\"cta\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Did you find this page helpful?\">\n    <div class=\"HelpfulCTA-initial w-full flex flex-col items-center gap-4\" data-cta-initial=\"\">\n        <div class=\"HelpfulCTA-question text-lg font-bold text-center text-gray-900\">\n            Did you find this page helpful?\n            <div id=\"aPLIyEURgi\" class=\"hidden\">\n        <div class=\"wysiwyg wysiwyg--sm wysiwyg--flush max-w-xs\">\n                        <p class=\"mb-6 text-base\">\n                            <strong class=\"block font-bold text-gray-900\">Why we ask for feedback<\/strong>\n                            Your feedback helps us improve our content and services. 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1.227.065.14.183.248.323.323.151.075.603.075 1.227.075h.16c.625 0 1.078 0 1.228-.075a.722.722 0 0 0 .323-.323c.075-.15.075-.603.075-1.227v-7.683c0-.624 0-1.065-.075-1.227a.672.672 0 0 0-.323-.322c-.15-.075-.603-.076-1.227-.076h-.161v.01ZM13.057 3.8c-.14 0-.226 0-.259.011-.032 0-.086.043-.107.064a2.98 2.98 0 0 0-.226.399c-2.187 4.272-3.53 5.647-4.33 6.092.003.162.004.34.004.536v7.82l2.217 1.122c.28.14.42.216.56.27.107.032.214.064.332.075.151.021.314.021.626.021h4.594c1.022 0 1.539 0 1.862-.129a1.84 1.84 0 0 0 .763-.58c.215-.28.355-.808.613-1.765l.517-1.927c.495-1.85.775-2.873.603-3.475a2.309 2.309 0 0 0-1-1.313c-.538-.323-1.594-.323-3.51-.323h-1.129c-.226 0-.473 0-.72-.15a1.087 1.087 0 0 1-.464-.614c-.075-.301 0-.528.076-.754.957-2.97.603-4.26.301-4.777-.183-.312-.44-.506-.774-.57-.14-.033-.377-.033-.549-.033Z\" class=\"icon-base\"\/><\/svg><\/span> <span class=\"text-base leading-4\">Yes<\/span>\n            <\/button>\n            <button type=\"button\" class=\"HelpfulCTA-btn 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0-.344-.085c-.151-.022-.313-.01-.625-.022H7.503Zm11.596.001c-.625 0-1.077 0-1.228.076a.72.72 0 0 0-.323.322c-.075.15-.075.603-.075 1.226v7.68c0 .623 0 1.075.075 1.226.075.14.183.247.323.322.15.075.603.075 1.228.075h.16c.625 0 1.078 0 1.228-.075a.778.778 0 0 0 .324-.322c.075-.151.075-.603.075-1.227V5.423c0-.623 0-1.076-.075-1.226a.722.722 0 0 0-.324-.322c-.15-.076-.603-.076-1.227-.076h-.161Z\" class=\"icon-base\"\/><\/svg><\/span> <span class=\"text-base leading-4\">No<\/span>\n            <\/button>\n        <\/div>\n    <\/div>\n    <!-- Yes Form -->\n    \n    <!-- No Form -->\n    \n    <div class=\"HelpfulCTA-thankyou flex flex-col items-center gap-2\" data-cta-thankyou=\"\" style=\"display:none;\">\n        \n        <p>Thank you for your\n            feedback!<\/p>\n        <p>Your input helps us improve our\n            content and services.<\/p>\n    <\/div>\n<\/div>\n\n    <\/div>\r\n<br>Read the full article <a href=\"https:\/\/www.bankrate.com\/loans\/small-business\/sba-loan-guide\/\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Key takeaways SBA loans have set maximum interest rates, making them a flexible and affordable business lending option. It can take 30 to 90 days for SBA loan approval and funding. Be sure to find an SBA lender with experience and volume in loan applications so you can have a smooth lending process. SBA loans<\/p>\n","protected":false},"author":1,"featured_media":22616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-22615","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBA Loan Guide: Everything You Need To Know About SBA Loans | Borrowing Nexus<\/title>\n<meta name=\"description\" content=\"Key takeaways SBA loans have set maximum interest rates, making them a flexible and affordable business lending option. 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