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▼
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▼
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▼
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▼
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 →