🏦 How to Apply for an SBA Loan
Get an SBA-backed loan to start or grow a small business.
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Guarantee fees vary by loan size (often up to 3.75%); lender fees may apply
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From a few days for express products to several weeks for standard 7(a) loans
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📋 Documents you'll need
- Business plan and financial statements
- Personal and business tax returns (usually 3 years)
- Personal financial statement (SBA Form 413)
- Ownership and business license documents
- Credit history authorization
🪜 Step-by-step
- Determine which SBA program fits: 7(a) general loans, 504 for real estate/equipment, or microloans under $50,000.
- Check the basic eligibility rules: for-profit U.S. business, owner investment, and SBA size standards.
- Prepare a business plan with financial projections and repayment ability.
- Compare SBA-approved lenders and request quotes; rates and fees vary.
- Submit the application with financial statements, tax returns, and forms such as SBA Form 1919.
- Respond to underwriting questions and close on the loan with any required collateral.
| Estimated cost | Guarantee fees vary by loan size (often up to 3.75%); lender fees may apply |
|---|---|
| Typical timeline | From a few days for express products to several weeks for standard 7(a) loans |
Note This guide is general information and procedures, fees, and rules can change and vary by state or agency. The official authority is always the relevant government office and its official website. See our Disclaimer.
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Frequently asked questions
Can a startup qualify?
Yes, but expect stronger personal credit, collateral, and equity requirements.
Is the loan from the SBA directly?
Usually not; the SBA guarantees loans made by approved lenders, except disaster loans.
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