SBA Loan for Small Business — 7(a) & 504 up to $5M
Long terms, low rates. SBA 7(a) and 504 for established businesses.
See if I qualifyAn SBA loan is a small business loan partially guaranteed by the U.S. Small Business Administration. That guarantee lets banks and credit unions lend at lower rates and longer terms than they otherwise could — typically 10 to 25 years at Prime + 2.75–4.75%. The two most common programs are the SBA 7(a) (working capital, acquisition, refinance) and the SBA 504 (real estate and major equipment).
Fundwise routes your application to the SBA-Preferred Lender most likely to fund your specific use case, industry, and credit profile. One application, no hard credit pull to see your matches, and a real human concierge if you get stuck on documents.
Who qualifies
- 2+ years in business (sole exception: SBA Express for newer businesses)
- Personal credit score 680+ (some lenders go to 650)
- Profitable or near-profitable on your last tax return
- Owner-occupied if buying real estate (51%+ for 504)
- U.S.-based for-profit business
How it works
1. Match in 2 minutes
Tell us about your business and how much you need. We screen 40+ SBA-Preferred Lenders and surface the 1–3 most likely to approve you.
2. Submit documents securely
Upload 3 years of tax returns, YTD P&L, balance sheet, and debt schedule through your encrypted Fundwise client portal.
3. Underwriting & close
Most SBA 7(a) loans close in 30–60 days. SBA 504 typically 45–75 days. We track the file every step.
Frequently asked questions
What credit score do I need for an SBA loan?
Most SBA lenders want a 680+ personal FICO. A handful of lenders will go down to 650 with strong revenue and cash flow.
How long does an SBA loan take to fund?
SBA 7(a) loans typically fund in 30–60 days from complete application. SBA Express loans can fund in 5–10 days but cap at $500,000.
Can I use an SBA loan to buy a business?
Yes. SBA 7(a) is the most common loan for business acquisitions, up to $5M. The seller usually has to hold a small standby note (5–10%) to satisfy SBA equity requirements.
What's the difference between SBA 7(a) and 504?
7(a) is general-purpose (working capital, acquisitions, refinance, real estate). 504 is exclusively for owner-occupied commercial real estate and heavy equipment, structured as 50% bank / 40% CDC / 10% borrower.
Do SBA loans require collateral?
Loans over $50K require the SBA to take available collateral, but a loan won't be declined solely for lack of collateral if cash flow is strong. Personal guarantees from 20%+ owners are always required.
Why apply through Fundwise
- One application, every lender we partner with
- No hard credit pull to see your matches
- Free Money screening for tax credits included
- Real human concierge if you get stuck