Ops@EvofiUSA.com
Mon–Fri 8am–7pm ET · Closed bank holidays
Apply now

Home / Funding solutions / SBA loans

SBA loans

Longer terms and some of the lowest rates available for small businesses, in exchange for more paperwork and time.

Apply for an SBA loan Estimate your funding

What is an SBA loan?

SBA loans are made by banks and other approved lenders and are partly guaranteed by the U.S. Small Business Administration. That guarantee lets lenders offer longer terms and lower rates than most business funding.

The trade-off is a slower, more detailed process. SBA loans are best for established businesses that can plan ahead.

How it works

  1. Prequalify

    We review your business with you to see if an SBA loan is a realistic fit.

  2. Gather documents

    SBA loans need more paperwork than other options. Your advisor gives you the full checklist.

  3. Lender review

    The lender underwrites your application under SBA guidelines. Expect follow-up questions.

  4. Closing and funding

    Once approved, you sign the loan documents and the funds are released.

  5. Monthly payments

    Repay in fixed monthly payments over the term.

Documents needed to apply

  • SBA borrower information form and personal financial statement
  • Last 2–3 years of business and personal tax returns
  • Year-to-date profit and loss statement and balance sheet
  • Business debt schedule
  • Explanation of how you will use the funds
  • Business formation documents and owner ID

Exact requirements depend on the SBA program and the lender. Your advisor will tell you what applies to you.

Good for

  • Buying a business or commercial real estate
  • Refinancing more expensive debt
  • Long-term expansion
  • Established businesses that can wait for funding

Other funding options

Merchant cash advanceFast capital against future sales Business line of creditDraw funds as you need them Short-term business loanFixed payments, set payoff date Equipment financingTrucks, machinery, kitchen gear Invoice factoringGet paid on open invoices now Reverse consolidationLower payments on existing advances

Ready to see your offers?

Apply in about five minutes. A funding advisor will review your file and reach out, usually the same business day.

Apply now Estimate your funding