AUTHOR: Daire Burke, Head of North America at Swoop Small Business Administration (SBA) loans are a popular option for many American businesses for good reason: as a program, they keep the rates low and the terms long. This keeps the monthly repayments small, which means businesses can more comfortably borrow to cover their needs. Unlike […]
SBA loans for minority business owners Minority-owned businesses are on the rise. There are 9.7 million minority-owned firms in the United States, according to the latest data from the Minority Business Development Agency. Those firms bring in 9.43 million jobs and contribute $1.43 trillion to the economy. Get a quote Entrepreneurs of color are also […]
SBA 7(a) vs 504 loans: all you need to know The U.S. Small Business Administration (SBA) offers several popular loans that are backed by the federal government. Two of their most popular options are the SBA 7(a) loan and the SBA CDC/504 loan. Get a quote Although they are somewhat similar, they are available for […]
SBA 504 loans The U.S. Small Business Administration (SBA) offers a variety of federally-guaranteed small business loans, including the popular SBA Certified Development Company (CDC)/504 loan. Get a quote The goal of the SBA 504 loan program is to “finance major fixed assets that promote business growth and job creation” through long-term, fixed rate loans. […]
Quick business loans Every business has periods when they need more cash than cashflow will allow – it could be to make an emergency repair, meet a sudden tax demand, or perhaps to grab an opportunity that’s too good to miss. Get funding Whatever the reason, when your business cannot spare the cash to meet […]
SBA 7(a) loans The SBA 7(a) loan is one of the most common and popular SBA loan products offered by the Small Business Administration. Get a quote With maximum loan amounts of up to $5 million, reasonable interest rates, and flexibility in what it can be used for, the SBA 7(a) loan can be an […]
Getting a business loan with bad credit can be more difficult, but it’s certainly not impossible. This guide takes you through your options so that you can find a solution that works for you and your business. What is considered bad credit? Bad credit usually means you or your business hasn’t managed credit well in […]
SBA loan rates As one of the best loans on the marketplace, SBA loans are highly competitive due to their reasonable loan rates. Because most SBA loans have variable interest rates, their loan rates are subject to change every year. Get a quote For 2024, SBA loan rates have substantially increased due to the Federal […]
SBA loan calculator This simple SBA loan calculator helps you understand the cost of your loan. See monthly interest & repayment amounts, as well as total interest & cost. Page written by Ian Hawkins. Last reviewed on June 10, 2024. Next review due October 1, 2025. Ian Hawkins Head of Content Ian Hawkins is Head […]
Small business loans for veterans Entrepreneurship is a natural path for many veterans. According to the U.S. Census Bureau, there are over 320,000 veteran-owned businesses in America, accounting for 5.6% of all employer businesses. Get a quote But for aspiring veteran and non-veteran business owners, securing capital to start or grow a business can be […]
SBA loans for women There’s never been a better time to be a female entrepreneur. According to the National Women’s Business Council’s 2022 Annual Report, the number of women-owned businesses increased by over 16% from 2012 to 2019. Get a quote But despite the rise in women in business, finding capital is still much harder […]
SBA franchise loans There are many ways to finance a franchise. You can borrow money from your 401(k) account, dip into personal savings, or ask friends and family for help. But one of the best ways to get business funding is through an SBA loan. Get a quote SBA loans are offered by banks and […]
SBA Loans Discover the SBA funding solution for your business that meets the demands of your sector What is an SBA loan? An SBA loan is a loan that is issued and partially backed by the Small Business Administration (SBA). The SBA plays a role in helping small businesses gain access to capital they need […]
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