SBA Loan Comparison
Term Loan
SBA 7a
Learn MoreMaximum Loan Amount
$5,000,000
Typical Uses
Expansion, Business Acquisition, Commercial Real Estate, Working Capital, Equipment, Inventory
Available Term Loans
- Up to 25 years for Commercial Real Estate
- Up to 15 years all other loan purposes
Interest Rate Options
Variable or fixed rate
Borrower Equity - Loan-to-Value Requirement
Up to 90% for Commercial Real Estate and all other loan purposes
SBA Loan Guarantee
- 85% on loan amounts equal to or less than $150,000
- 75% on loan amounts greater than $150,000
Collateral Requirement
Business Assets and/or Real Estate, depending on loan purpose
Term Loan or Line of Credit
SBA Express
Learn MoreMaximum Loan Amount
$500,000
Typical Uses
Expansion, Business Acquisition, Commercial Real Estate, Working Capital, Equipment
Available Term Loans
- Up to 5 Years Revolving + 5 Years Repayment for Lines of Credit
- Up to 10 to 25 Years for Term Loans, depending on loan purpose
Interest Rate Options
Variable or fixed rate
Borrower Equity - Loan-to-Value Requirement
Up to 100% for Commercial Real Estate and all other loan purposes
SBA Loan Guarantee
- 50% on loan amounts up to $500,000
Collateral Requirement
Business Assets and/or Real Estate, depending on loan purpose
Term Loan
SBA 504
Learn MoreMaximum Loan Amount
Up to $5 million for most loans; up to $5.5 million for manufacturing or energy loan purposes.
Typical Uses
Commercial Real Estate, Major Renovations, New Construction, Major Equipment
Available Term Loans
- Up to 20 years for Commercial Real Estate
- Up to 10 years all other loan purposes
Interest Rate Options
Variable or fixed rate
Borrower Equity - Loan-to-Value Requirement
Up to 90% for all loan purposes
SBA Loan Guarantee
- None
Collateral Requirement
Business Assets and/or Real Estate, depending on loan purpose
All loan programs and terms are subject to change without notice.
All financing is subject to credit approval