SBA Loans

We help small businesses secure favorable business loans from traditional banks.

We help new and existing businesses backed by the SBA secure big or small loans from reputable traditional banks. Your time is valuable. Lending Source has banks and other conventional SBA lenders in nearly every state wanting to compete for your business. Lending Source will send your information to a well-established network of financial institutions, having them compete for the best rate and terms available. In many cases, we are able to secure a bank outside of your deposit accounts so that you can keep your relationship with your current bank. Talk to us today about securing your small business loan or let us be your SBA Loan resource.

Let us do the work. Call us at 567-331-2324, or fill out the form below.

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Types of SBA Loans

SBA Loans are commercial loans made to businesses that are endorsed by the United States SBA (Small Business Administration). The program sets guidelines for banks that make it easier for small companies — new or existing — to obtain financing. The SBA guarantees the loans so banks have reduced risk and are more willing to fund small businesses, and some of the loans under this program include ongoing support to help businesses allocate the funds wisely.

SBA 7

This is the most common type of SBA loan, with many different variations depending on your needs; it’s best for businesses in need of working capital, funds for new construction, or even start-up money.

  • Up to $5,000,000
  • 3-25 year term
  • 5-8% interest rate
  • 30-60 days to fund

SBA 504

The SBA 504 program helps small-business owners purchase long-term fixed assets (such as land, buildings, and heavy machinery). These loans are typically in the $4M-$5M range, depending on the intended use of the funds.

  • Up to $10,000,000
  • 10-20 year term
  • 5-7% interest rate
  • 30-60 days to fund

SBA Microloan

As the name suggests, these are smaller loans for smaller businesses and select non-profit childcare centers that are looking to start-up or expand. The loans are usually in the $10K-$20K range and may not be used to pay other debts or purchase real estate.

  • Up to $50,000
  • 1-6 year term
  • 6-13% interest rate
  • 30-60 days to fund

SBA Loans are available and easy to secure when you apply through Lending Source.

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Eligibility Requirements

Eligible Businesses

  • Must be a “small business” by SBA’s definition
  • Must have qualifying amount of equity
  • Must have been turned down for private funds
  • Must have high business and personal credit scores
  • Must intend to use funds for valid business purposes

Ineligible Businesses

  • Any foreign-owned businesses
  • Those selling insurance products
  • Organizations principally involved with religion
  • Businesses delinquent on any government debt
  • Financial businesses or speculative companies

Startups, Acquisitions, Refinances, Credit Lines

We’ve got plenty of funding with affordable terms and fast approvals, no matter your business needs.
Apply online or call 567-331-2324 today!

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