SBA Loans vs Alternative Funding

Compare SBA loans with alternative business financing options

5.5-11%
SBA Interest Rates
$5.5M
Max SBA 7(a) Loan
30-90 Days
SBA Approval Time

SBA vs Alternative Funding

Interest Rate
5.5-11%
10-50%+
Approval Time
30-90 days
24-72 hours
Credit Required
680+ preferred
550+ possible
Documentation
Extensive
Minimal
Loan Amount
$50K-$5.5M
$5K-$500K
Repayment Term
10-25 years
3-18 months
Collateral
Usually required
Often not required
Use of Funds
Flexible
Very flexible

Types of SBA Loans

SBA 7(a) Loan

Amount: Up to $5.5M
▼

Best Use

Working capital, equipment, real estate, refinancing

Repayment Term

10-25 years

Best For

Most flexible SBA loan option

SBA 504 Loan

Amount: Up to $5.5M
▼

Best Use

Commercial real estate, heavy equipment

Repayment Term

10-25 years

Best For

Lowest rates for real estate/equipment

SBA Microloan

Amount: Up to $50K
▼

Best Use

Working capital, inventory, equipment

Repayment Term

Up to 6 years

Best For

Smaller businesses, easier approval

SBA Express

Amount: Up to $500K
▼

Best Use

Quick funding for established businesses

Repayment Term

Up to 10 years

Best For

Faster approval (36 hours possible)

Which Option Is Right for You?

Choose SBA Loan If:

  • ✓You have 680+ credit score
  • ✓You've been in business 2+ years
  • ✓You need $50K or more
  • ✓You can wait 30-90 days
  • ✓You want the lowest rates
  • ✓You need 10-25 year terms

Choose Alternative If:

  • ✓You need funding in 24-72 hours
  • ✓Your credit score is below 680
  • ✓You're a newer business (<2 years)
  • ✓You need smaller amounts quickly
  • ✓Documentation is difficult
  • ✓You prefer flexible repayment

Find Your Best Funding Option

We'll match you with SBA or alternative funding based on your needs

Compare Your Options →