SBA Loans
Government-backed financing solutions with competitive rates and favorable terms for small businesses.
SBA Loan Overview
Small Business Administration (SBA) loans are government-backed loans designed to help small businesses access capital with lower down payments, longer repayment terms, and more flexible eligibility requirements than conventional loans.
iCapital Funding is an SBA Preferred Lender, which means we can provide a streamlined application process and faster approval times for your SBA loan.
SBA Loan Programs
We offer multiple SBA loan programs to meet the diverse needs of small businesses.
SBA 7(a) Loans
The most common and flexible SBA loan program for general business purposes.
- Loan amounts up to $5 million
- Terms up to 10 years for working capital, 25 years for real estate
- Can be used for working capital, equipment, real estate, and more
SBA 504 Loans
Designed for major fixed asset purchases like real estate and large equipment.
- Loan amounts up to $5.5 million (SBA portion)
- Terms up to 25 years for real estate, 10 years for equipment
- Lower down payment requirements (typically 10%)
SBA Express Loans
Streamlined application process with faster approval for smaller loan amounts.
- Loan amounts up to $500,000
- Expedited processing with approval in as little as 36 hours
- Can be term loan or line of credit
How Businesses Use SBA Loans
SBA loans provide financing for a wide range of business needs.
Commercial Real Estate
Purchase, construct, or renovate owner-occupied commercial properties with favorable terms and low down payments.
Business Acquisition
Finance the purchase of an existing business or franchise with manageable repayment terms and competitive rates.
Equipment Purchase
Acquire essential equipment with longer terms and lower down payments than traditional equipment financing.
Working Capital
Secure longer-term working capital for business operations, expansion, or to manage seasonal fluctuations.
Debt Refinancing
Consolidate and refinance existing business debt to improve cash flow with better rates and longer terms.
Business Startup
Launch a new business venture with the capital needed for success and terms designed for new businesses.
SBA Loan Eligibility
While SBA loans have more flexible requirements than conventional loans, businesses must meet certain criteria.
General Requirements
- U.S.-Based Business
Must be physically located and operate in the United States or its territories.
- For-Profit Entity
Must be a for-profit business; non-profit organizations are not eligible.
- Owner-Operated
Business owners must be actively involved in day-to-day operations.
- Size Requirements
Must meet SBA size standards for your industry (typically under 500 employees for manufacturing).
Financial Requirements
- Demonstrated Ability to Repay
Business must show sufficient cash flow to cover loan payments.
- Credit History
Acceptable personal and business credit history (typically 650+ FICO for most programs).
- Equity Investment
Business owners usually need to have invested their own time or money in the business.
- Collateral
While not always required, having business or personal assets as collateral can strengthen your application.
Not sure if you qualify? Our SBA loan specialists can evaluate your situation and help determine the best path forward.
Speak with a SpecialistSBA Loan Process with iCapital Funding
As a Preferred SBA Lender, we provide a streamlined process to get your business the funding it needs.
Initial Consultation
Meet with our SBA specialist to discuss your business needs and determine the right loan program.
Application
Complete the SBA loan application with guidance from our team throughout the process.
Underwriting
Our team reviews your application and documentation to prepare your loan package for approval.
Approval
As a Preferred Lender, we can provide expedited SBA loan approvals without additional SBA review.
Closing & Funding
Complete closing documents and receive your SBA loan funds to put to work in your business.
Frequently Asked Questions
Get answers to common questions about SBA loans.
How long does it take to get an SBA loan?
The timeline varies by loan type and complexity, but typically ranges from 30-90 days from application to funding. SBA Express loans can be approved in as little as 36 hours, though closing may take longer.
What documents do I need for an SBA loan?
Required documentation typically includes business and personal tax returns for the past 3 years, business financial statements, business plan, personal financial statement, and various SBA forms. Our team will provide a detailed checklist based on your specific situation.
What are the down payment requirements for SBA loans?
SBA loans typically require a down payment of 10-20%, depending on the loan program, loan purpose, and your qualifications. This is generally lower than conventional loans, which might require 25-30% or more.
Can startups qualify for SBA loans?
Yes, startups can qualify for SBA loans, but they typically face more stringent requirements. A strong business plan, relevant industry experience, good credit, and adequate collateral or personal investment are usually necessary for startup SBA loan approval.
What are SBA loan interest rates?
SBA loan interest rates are based on market rates plus a small margin, making them competitive with or better than conventional business loans. Rates can be fixed or variable depending on the loan program and lender. Our team can provide current rate information.
Ready to Take Your Business to the Next Level?
Apply for an SBA loan with iCapital Funding and get the financing your business needs with the best possible terms.