Grow your business with a government backed loan
An SBA loan is a government-backed financing option offering small businesses affordable rates, flexible terms, and lower down payments—an accessible alternative to traditional bank loans.
Reliable and Flexible Financing
An SBA loan provides affordable rates, longer repayment terms, and low down payments when necessary. Since the government guarantees a significant majority of the loan, it reduces the risk for lenders. This makes it easier for you to qualify and secure the most favorable rates and terms.
01
Longer Repayment Terms
Terms go up to 10 years or 25 years for real estate purchases
02
Flexible Use of Funds
SBA loans can be used for a wide range of purposes, including working capital, purchasing equipment or real estate, refinancing debt, or expanding operations.
02
Lower Interest Rates
SBA loans offer some of the lowest rates, often significantly lower than other financing options.
04
Easier Approval for Small Businesses
SBA loans are designed for small businesses, with more flexible qualification criteria compared to traditional loans, including options for startups.
Minimum
requirements
for an SBA loan
2 years
in business
or 2 + years of pro forma financial
projections for startups
in business
640
credit score
E-Tran score
Collateral may be required for lower E-Tran score files.
E-Tran score is a credit scoring system used by SBA.
Positive
cash flow from operations
Drawbacks to consider with an SBA
It’s important to carefully weigh the pros and cons of an MCA so you can make a better-informed decision on what’s best for your business.
Lengthy Application Process
SBA loans require extensive documentation and can take weeks or even months for approval, delaying access to funds.
Strict Eligibility Requirements
Borrowers must meet specific criteria, including creditworthiness, business size standards, and operational history, which can limit access for some businesses.
Slow Disbursement of Funds
Even after approval, SBA loans can take longer to disburse funds compared to faster financing options, delaying access to capital when it’s urgently needed.
Restrictions on Funds Usage
Borrowers must use the loan only for approved business purposes (e.g., working capital, equipment, real estate).
How an SBA can help
An MCA offers quick funding, fixed interest rates, and a set repayment schedule, for a simple financial solution.
Purchasing or Upgrading Equipment
SBA loans can fund the purchase of machinery, vehicles, technology, or other equipment essential for business operations.
Expanding or Purchasing Real Estate
Ideal for buying, building, or renovating commercial real estate.
Working Capital
Businesses can use SBA loans to cover day-to-day operational expenses, such as payroll, rent, or inventory, providing a cash flow boost during growth or seasonal downturns.
Purchasing or Upgrading Equipment
SBA loans can fund the purchase of machinery, vehicles, technology, or other equipment essential for business operations.
Expanding or Purchasing Real Estate
Ideal for buying, building, or renovating commercial real estate.
Working Capital
Businesses can use SBA loans to cover day-to-day operational expenses, such as payroll, rent, or inventory, providing a cash flow boost during growth or seasonal downturns.
How it works
with LoanSwipe
Get pre-qualified for personalized, estimated loan offers from all our loan products and partner banks through secure, data-driven prompts — without needing to provide any sensitive information.
01
Get pre-underwritten for all your loan options
By completing our prompt questionnaire with non-sensitive details about your business, we’ll provide you with estimates for all our loan options. This allows you to easily compare and choose the one that best fits your needs.
02
Seamlessly apply and connect your financials
Choose the options that best meet your needs and apply for them all with a single application. Connect your financials securely through our integrated apps.
03
A single hub from start to closing
Through your account, you can monitor loan application statuses, handle closing documents, communicate with underwriters, and manage additional required actions.
Privacy at
the forefront
At LoanSwipe, we prioritize your privacy and security above all, ensuring that your personal information is always protected throughout the entire loan process.
Anonymous pre-approval
Know your approval potential without disclosing your personal or business identity. Most other platforms require sensitive information upfront to give you an answer whether you’re approved or declined
Trusted partners
We only work with banks and lenders committed to protecting your data and ensuring it is not shared or sold. Often, other brokers and lenders will share or sell your data
Targeted submissions
We match your data points with the approval criteria of trusted lenders, ensuring your application is only sent to those most likely to approve you and present the best offers
Dive deeper into SBA
Explore our articles giving you a better understanding about SBA loans
Ready to get started?
Use our prompt questionnaire without disclosing personal information to see what loan types you can qualify for
Small and medium-sized businesses use LoanSwipe to get the financing that best suits their business by leveraging our large data sets and banking network.
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