Who Is Eligible for an SBA Loan?
Most for-profit small businesses may qualify for an SBA-guaranteed loan, including manufacturers, wholesalers, retailers, and service businesses—both independent and franchise.
Loan Qualifications
- Retail and service businesses: 3-year average sales typically not exceeding ~$6M–$20M (industry-dependent)
- Wholesale businesses: up to ~100 employees
- Manufacturers: up to ~500 employees (industry-dependent)
Typical Fees
- Loan packaging: ~$750–$2,000 (based on loan size); collected at submission and refunded if declined in credit review
- SBA guaranty fee: ~1.70%–2.60% of the guaranteed portion (often financeable into the loan)
Use of Proceeds
- Commercial real estate (purchase, construction, or refinance)
- Leasehold improvements
- Business expansion
- Machinery, equipment, furniture, and fixtures
- Business acquisition
- Working capital (often paired with the above)
Contact us today to discuss SBA options and related programs.
Other Credit Considerations
- Business should demonstrate sufficient historical cash flow to service proposed debt
- Leverage and net worth in line with industry norms
- Owners are actively involved in day-to-day operations
- Satisfactory personal credit histories for all principals and guarantors
- No past bankruptcies or felony arrests