SBA Loans for Small Business — Up to $5M

SBA 7(a) loans typically close in 30 to 90 days. SBA Express loans can close faster (sometimes within 45 days). 504 loans (real estate or major equipment) often take 60 to 120 days due to the multi-party structure. The trade-off is the lowest rates and longest terms in small business funding.

Most SBA-preferred funders look for a FICO SBSS score of 155+ (which roughly correlates with personal FICO around 680+). Some specialty SBA funders fund borrowers with lower scores, especially if cash flow and collateral are strong. The Broker Shop matches you to SBA funders based on your full file, not just credit.

SBA 7(a) loans go up to $5 million. SBA 504 loans (real estate and major equipment) can finance projects of any size, with the SBA portion typically up to $5 million. SBA Microloans go up to $50,000. The amount you qualify for depends on cash flow, debt service coverage, and collateral.

SBA 7(a) variable rates in 2026 typically range from Prime + 2.75% to Prime + 4.75%, depending on loan size and term. SBA 504 loans use a CDC-debenture pricing model with longer fixed rates that are typically below market. SBA Express tends to price 1%–2% higher than standard 7(a) due to faster underwriting.

SBA funders are required to follow standard collateral policies. For loans under $25,000, no collateral is required. For loans of $25K–$350K, funders follow their internal policies. For loans over $350K, the SBA requires funders to collateralize to the maximum extent possible. A personal guarantee is required from any owner of 20% or more of the business.