SBA Loan

Longer terms and lower rates

A better loan for your bottomline

Arguably the best funding option around, SBA loans are low-interest, long-term loans that are government-guaranteed. Though they can be difficult to obtain—and the underwriting process often takes weeks instead of days—the flexible terms and inherent value make these loans very attractive for any funding need.

Small Business Administration (SBA) loans are an excellent source of financing for business owners looking to grow an existing business or start a new one. Though these loans are not directly issued by the SBA, the federal guarantee—of up to 85%—allows lending institutions to reduce their risk and offer these loans to small businesses at much lower rates and for longer terms than other kinds of financing.

The flexible terms associated with SBA loans allows businesses to use this funding for a variety of business needs including, daily operations expenditures, new hires, equipment purchases, real estate, expansion, and debt refinancing. With funding of up to $5 million and terms from 7 to 25 years, these can provide businesses with a critical investment while offering a more manageable monthly repayment.

Though an SBA loan is great once you’ve managed to obtain it, the downside is that applying for it is typically a long and relatively arduous process.

The application requires a great deal of paperwork and has to go through underwriting approval twice: first with your direct lender; and then, with the SBA. Both institutions must approve the loan before you can be certain of securing your funds.

In order to complete underwriting on your loan, here are a few of the documents you’ll be asked to submit:

    SBA borrower information form
    Loan application history
    Business certificate or license
    Business lease
    3 years of business tax returns
    3 years of personal income tax returns
    Personal history statement
    Personal financial statement

Even with the long waits and document requirements, small business owners love SBA loans. The great terms, low rates, and more affordable monthly payments make these loans highly desirable for any discerning borrower.

Asset 2


  • Set payment structure
  • Suitable for a wide range of business purposes
  • Lower monthly payments than short-term loans
  • Longer payment terms than short-term loans
  • No prepayment penalties


  • Acquiring long term debt
  • All funds upfront, no flexibility or reuse of funds

General Loan Information

Loan Amounts

  • $50,000 to $5,000,000

Loan Terms & Rates

  • Terms 7 to 25 years
  • Monthly Payments
  • Rate 5.49% to 15.99% APR

Credit Requirements

  • FICO Credit Score 600 +

Business Requirements

  • Good Business Credit History
  • Annual Revenue $100,000+
  • 1+ Years in business

* If you meet these general loan guidelines, you will most likely receive loan offers for this funding product. Loan offers are preliminary based on the information evaluated, final funding amount offer may be adjusted during final underwriting.

Let Fimerica help you Borrow with Confidence!

Not sure an SBA Loan is the financing solution for your business? No problem! Fimerica makes it easy to view and compare all of the business loans and financing products for which you qualify. Get your real-time loan offers in 5 minutes or less.less.