Loan guide
SBA business loans
Government-backed loans for business property, equipment and growth. Best for: Small business owners buying or refinancing business property, or funding equipment or working capital.
Key facts
- SBA 7(a) loans can be used for many purposes, up to $5 million.
- SBA 504 loans finance owner-occupied business real estate and major equipment, often with about 10% down.
- Longer terms than most business loans keep payments manageable.
Pros
- Lower down payments than most business financing
- Long repayment terms
- Flexible uses
Cons
- More paperwork and longer approval
- Personal guarantees usually required
Business loan guide and readiness check →
More detail: LoansAndHouses.com loan programs
Common questions
Who is a SBA loan best for?
Small business owners buying or refinancing business property, or funding equipment or working capital.
What are the main pros and cons of a SBA loan?
Pros: Lower down payments than most business financing; Long repayment terms; Flexible uses. Cons: More paperwork and longer approval; Personal guarantees usually required.
Figures checked October 2026 and subject to change. Loan limits are updated each January. Program rules, eligibility and pricing vary by lender and borrower. Not a commitment to lend. Bill McElhill, NMLS #2176490, licensed in Florida, Georgia and Texas.
Ask us about a SBA loan
A quick, no-pressure call to check your numbers and your options.
Bill McElhill
- Realtor®, RE/MAX Titanium
- Loan Originator, NEXA Lending · NMLS #2176490
- Call or text 352-988-4900
- WhatsApp Bill
- Mortgages: BillMc@NEXAMortgage.com
- Real estate & general: Bill@HomesCalculator.com
Educational information only. This page gives general information to help you learn and plan. It is not legal, tax, financial or other professional advice, or an offer to lend. For advice on your situation, talk to a licensed professional. Terms of use