What is an SBA Loan?
The lowest interest rates in small business lending sit behind three letters: SBA. With the prime rate at 6.75% as of early 2026, qualified 7(a) borrowers are looking at variable rates starting around 8.75%, and 504 loans fixed in the low 5% range. Amounts go up to $5 million, terms stretch to 25 years, and the government guarantee behind every loan means lenders can offer conditions you won't find anywhere else.
The process is real. SBA loans take documentation, patience, and coordination across lenders, the SBA, and sometimes the U.S. Treasury. That's where we come in. We handle the paperwork, manage the submission pipeline, and push things forward when they stall.
How do I qualify for an SBA Loan?
Key qualification requirements:
Credit Score
Personal credit score of 680 or higher required by most SBA-approved lenders.
Time in Business
Two or more years in operation preferred, though startups may qualify under specific SBA programs.
Business Financials
Tax returns, profit and loss statements, and cash flow projections showing the business can support payments.
Owner Investment
Owners must have personal equity invested in the business.
Collateral
Not always required, but offering property or equipment as collateral strengthens your application.
Clean Government Record
No delinquent federal debt, including taxes and student loans.
Current SBA Interest Rates
Rates as of Q2 2026. 7(a) variable rates based on WSJ Prime Rate of 6.75%. 504 fixed rates based on U.S. Treasury yields.
| Program | Rate | Max Amount | Max Term |
|---|---|---|---|
| 7(a) over $250K | 8.75% variable | $5,000,000 | 25 years |
| 7(a) $50K - $250K | 9.00% variable | $250,000 | 25 years |
| 7(a) under $50K | 9.50% variable | $50,000 | 10 years |
| 504 (20-year) | ~5.14% fixed | $5,500,000 | 20 years |
| 504 (25-year) | ~5.30% fixed | $5,500,000 | 25 years |
| Microloan | 8% - 13% fixed | $50,000 | 6 years |
| SBA Express | 9.75% - 11.75% | $500,000 | 25 years |
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