PRIME RATE 8.50% SBA 7(a) MAX $5M 504 FIXED-ASSET LOANS MICROLOANS UP TO $50K EIDL ACTIVE FY25 APPROVALS +12% 1,800+ APPROVED LENDERS AVG 7(a) RATE ≈ 11.5% PRIME RATE 8.50% SBA 7(a) MAX $5M 504 FIXED-ASSET LOANS MICROLOANS UP TO $50K EIDL ACTIVE FY25 APPROVALS +12% 1,800+ APPROVED LENDERS AVG 7(a) RATE ≈ 11.5%

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Loan programs, decoded

Five programs cover almost every legitimate SBA financing scenario. Pick a tab to inspect the spec sheet, then jump to a lender or eligibility check.

Fetching live prime rate from FRED…
spec sheet

Standard 7(a) Loan

The flagship — flexible working capital up to $5M.

Maximum loan
$5,000,000
Term length
10–25 yrs
Interest rate
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Fees
2%–3.75% guarantee fee (waived under $1M for FY25)
Collateral
Required > $50K; personal guarantee for 20%+ owners
SBA backing
85% guaranteed up to $150K · 75% above
Decision time
30–90 days

Best for

  • Acquisitions
  • Working capital
  • Refinancing debt
  • Owner-occupied real estate

Eligible uses

  • Buying a business
  • Equipment
  • Inventory
  • Real estate
  • Refinance
Loan ceiling$5,000,000
$0$5.5M (max across SBA)

All programs, one matrix

ProgramMaxTermRateSBA backingDecision
Standard 7(a) Loan
7(a)
$5,000,00010–25 yrs85% guaranteed up to $150K · 75% above30–90 days
CDC / 504 Loan
504
$5,500,00010, 20, or 25 yrs50% bank · 40% CDC · 10% borrower down60–120 days
Microloan
Micro
$50,000Up to 7 yrsFunded by nonprofit intermediary2–4 weeks
SBA Express
Express
$500,000Up to 10 yrs (25 for RE)50% guaranteed36 hours (SBA review)
Disaster (EIDL)
EIDL
$2,000,000Up to 30 yrsDirect loan from SBA2–3 weeks