SBA Loan Pros & Cons

SBA Loan Advantages:

  • SBA business loans have lower monthly payments
  • SBA Loans have flexible terms
  • SBA Startup Loans generally have a low down payment
  • There are no balloon payments with these small business loans.
  • SBA financing offers lines of credit with 7-year commitments.

SBA Loan Disadvantages:

  • SBA lending generally takes a few extra weeks to process, as opposed to conventional commercial loans.
  • SBA loans require additional collateral like inventory, receivables, equipment, and property.
  • There are prepayment penalties with small business administration loans.
 Here are some other SBA Programs

More Information about SBA Lending

 Feel free to reach out to one of our friendly loan officer to talk about your small business financing needs at 866-611-7457 Ext.1 or apply online and click here; before we run credit, you will call you to talk about your need first to come out with the best solution.