Between $50,000 and $5 million
People also ask
What are the SBA loan limits for small businesses?
Most SBA loans are available between $50,000 and $5 million, though there are some exceptions. SBA Express and 7 (a) Small Loans are available up to $350,000 The loan amount your small business needs might affect the SBA loan program you decide to apply for. 2. SBA loan interest rates
What are the fees for an SBA 7(a) loan?
SBA loans come with a wide range of possible fees compared to other small business loans. Here are the most common fees for SBA 7 (a) loans: SBA guarantee fees range from 0.25% to 3.75% of the guaranteed amount of the loan. Packaging fees run from 2% to 3% of the loan, if you use a service to help finish the application.
What is an SBA loan calculator?
Small Business Administration (SBA) loans offer low-interest financing to small businesses that struggle to qualify for a bank loan. This calculator can give you an estimate of your loan payments and the total interest cost of most SBA loans.
How much down payment do you need for an SBA loan?
The 7 (a) loan is the most popular SBA product 鈥?and with good reason. Business owners can access up to $5.5 million in capital with repayment terms of anywhere from half a decade to 25 years. The general rule of thumb for an SBA 7 (a) loan down payment is that it should equal 10% of the loan amount.