YourSBA.com
  • Buy Existing Business
    • Prequalify Today!
    • How Much Can I Borrow to Buy a Business
    • Business Acquisition Checklist
    • How to Buy a Business
  • Tools & Resources
    • Complete SBA Loan Calculator
    • Simple SBA Loan Calculator
    • Newest SBA Forms for 2020
    • YourSBA.com Reviews
  • Prequalify Today!
  • Edge Client Login
  • Menu Menu

Ultimate SBA Loan Cheat Sheet

Ultimate SBA Loan Cheat Sheet

The US Small Business Administration (SBA) 7(a) Loan Program is a powerful tool that allows entrepreneurial individuals to acquire, expand, or start their dream business with as little as 0-10% down.

Here is a quick SBA 7(a) loan cheat sheet for your reference:

  • Down payment: as low as 10% for business acquisitions, and 0% for business expansions, debt refinancing, real estate, and partner buyout.
  • Interest rate: 7.25% maximum (WSJ Prime + 2.75%)
  • Loan term: 10 years without real estate, and up to 25 years with real estate
  • Time to funding: 45-90 days
  • Source of down payment: 
    • Cash
    • Home equity line of credit
    • Contribution from outside investor:
      • If the investor will have less than 20% ownership of the business, he/she does not have to guarantee the loan or provide financials
      • If the investor will have 20% or greater ownership of the business, he/she does have to guarantee the loan and provide financials
    • Retirement plan rollover
    • Gift from family member or friend
  • Credit score: there are no minimum credit score requirements
  • Loan amount: $5,000,000 maximum

HOW DO I GET STARTED?

YourSBA.com offers a suite of loan calculators for SBA loans and other funding sources here. You can automatically estimate your down payment requirement, monthly loan payments, SBA borrowing limit, and more.

See if you qualify for an SBA loan by taking just a few minutes to give us some basic information here. The pre-approval process takes less than one day and does not require a hard credit pull.

Click here to add your own text

Latest Posts

  • Commercial Real Estate SBA LoansCommercial Real Estate SBA LoansDecember 4, 2017 - 3:46 pm
  • How to Buy a Franchise with an SBA LoanHow to Buy a Franchise with an SBA LoanNovember 23, 2017 - 4:47 pm
  • What is the Best SBA Lender to Get an SBA LoanWhat is Best SBA Lender to Get an SBA LoanNovember 8, 2017 - 11:16 am
  • Business Acquisition ChecklistBusiness Acquisition ChecklistOctober 11, 2017 - 3:00 pm
  • Using an SBA Loan to Buy a BusinessHow to Buy a Business with an SBA LoanOctober 10, 2017 - 3:57 pm
  • How to Buy a Liquor Store with an SBA LoanHow to Buy a Liquor Store with an SBA LoanOctober 3, 2017 - 7:26 pm
  • Buying a Gas Station with an SBA LoanHow to Buy a Gas Station with an SBA LoanSeptember 26, 2017 - 3:58 pm
  • How to Buy a Motel with an SBA LoanHow to Buy a Motel with an SBA LoanSeptember 22, 2017 - 5:02 pm
  • Ultimate SBA Loan Cheat SheetThe Ultimate SBA Loan Cheat SheetApril 24, 2017 - 8:09 am
  • SBA Loan CalculatorSBA Loan Calculator Suite: SBA Loan Calculator, 401k / ROBS Funding, How Much Can I Borrow Business Loan CalculatorJanuary 25, 2017 - 8:16 am
  • How to buy a Fedex route with an SBA loanHow to buy a FedEx route with an SBA loanDecember 18, 2016 - 6:36 pm
  • YourEdge™ vs. Your Bank: 10 must-ask Questions before getting a loan with your bank10 Must-Ask Questions Before Getting an SBA Loan With Your BankNovember 20, 2016 - 6:54 pm

How to Buy a Business

  • How to Buy a Franchise with an SBA LoanHow to Buy a Franchise with an SBA LoanNovember 23, 2017 - 4:47 pm
  • Business Acquisition ChecklistBusiness Acquisition ChecklistOctober 11, 2017 - 3:00 pm
  • Using an SBA Loan to Buy a BusinessHow to Buy a Business with an SBA LoanOctober 10, 2017 - 3:57 pm
  • How to Buy a Liquor Store with an SBA LoanHow to Buy a Liquor Store with an SBA LoanOctober 3, 2017 - 7:26 pm
  • Buying a Gas Station with an SBA LoanHow to Buy a Gas Station with an SBA LoanSeptember 26, 2017 - 3:58 pm

Latest News

  • YourSBA.comFeds cut WSJ Prime Rate from 5.50% to 5.25%July 31, 2019 - 1:04 pm
  • Tax Cuts and Jobs Act of 2017Top 10 Best Things About the 2017 New Tax Law for Small BusinessDecember 21, 2017 - 4:30 pm
  • Federal Reserve Cuts WSJ Prime RateSBA Loan Calculators Updated for New Fed Rates and New SBA Rules Effective 2018December 13, 2017 - 4:36 pm

YourSBA.com Reviews

⭐️ ⭐️ ⭐️ ⭐️ ⭐️
Read our reviews

SBA Loan Calculator

  • SBA Loan Calculator
  • How Much Can I Borrow to Buy a Business

CONTACT US TODAY

(323) 792-1500 Main

info@yoursba.com

LOS ANGELES OFFICE

3450 Cahuenga Blvd West
Suite 505
Los Angeles, CA 90068

Borrowers and Business Owners

  • Edge SBA Loan Platform Login

For Banks

  • Bank Turndowns
  • Banker Login

Active SBA Lenders (by invitation)

  • About Our SBA Lender Platform
  • Request Invitation
  • Lender Partner Login

Company

  • Our Management Team
  • Get Started Today!
  • Latest News
© 2021 YourSBA.com, Inc. a California Corporation ♥ Small Business
  • Twitter
  • Facebook
  • LinkedIn
  • Vimeo
  • Youtube
  • Pinterest
SBA Loan Calculator Suite: SBA Loan Calculator, 401k / ROBS Funding, How Much... SBA Loan Calculator SBA Loan Calculator Mobile App SBA Loan iPhone App and SBA Loan Calculator iPhone App Released on the Apple...
Scroll to top