Apply for an SBA loan.
Getting a business loan can be challenging – we offer tailored expertise to help you choose the right financing solution with confidence.
What is an SBA loan?
SBA loans are business loans that are partially guaranteed by the U.S. Small Business Administration (SBA) and come with low interest rates and long repayment terms.
Flexible use of funds.
Use a SBA 7(a) loan for a wide range of business needs, like working capital, equipment upgrades, renovations, expansions, and more.
Lower rates.
With an SBA loan, you can typically get more favorable interest rates than you’d get with a traditional business loan provider.
Longer terms.
Since SBA loans come with longer repayment terms of up to 10 years, you’ll benefit from lower monthly payments compared to traditional loans.
Getting your SBA loan starts with Progressive Funding
Get priority support.
We’ll connect you our SBA team, who will give you priority support.
Bridge funding gaps.
Get quick access to capital through a bridge loan with pre pay incentives while you wait for your SBA loan funds.
Cover your down payment.
Required down payments for SBA 7(a) loans can range from 10%–30%. Use a Progressive Funding product for your SBA down payment instead of dipping into business or personal funds.
Submit your info to get started.
Complete the short form below and we’ll reach out to help you get started with your SBA loan application.
SBA 7(a) loan FAQs.
What is an SBA loan?
An SBA loan is a business loan backed by the U.S. Small Business Administration (SBA). SBA loans make it easier for businesses to access the capital they need, while also reducing risk for lenders.
Is it free to apply for an SBA loan?
Yes, there are no upfront fees when you apply for an SBA loan through Progressive Funding.
Will applying impact my credit score?
No, applying for an SBA loan through Progressive Funding will not impact your credit score. Fundera uses soft credit inquiries to match you with lending options. However, if you decide to move forward with a formal application for an SBA lender in Progressive Funding’s network you may receive a hard credit inquiry that temporarily impacts your credit.
How fast can I get an SBA loan?
Timing can vary, but you can submit an application in just a few minutes. Progressive Funding works with more than 25 lenders, some of which can approve and fund loans in as fast as 14 days.
Do SBA loans require a down payment?
Yes, SBA 7(a) loans have a minimum down payment requirement of 10%. This amount can vary based on your business’s cash flow and collateral.
