What happens if you can’t pay your SBA loan? Join Swoop Key Takeaways Defaulting on an SBA loan can lead to the seizure of business and personal assets, collections by the SBA or Treasury, and serious credit damage or legal action. Before default, loans become delinquent, and lenders may offer restructuring or payment plans if […]
SBA loan approval rate Loans through the U.S. Small Business Administration (SBA) are popular because they offer attractive interest rates and repayment terms. Get a quote Because they’re so popular, only about half (52%) of all SBA loan applications are approved. Learn more about the SBA loan approval rate and steps you can take to […]
SBA loan guaranty fee calculator The SBA guaranty fee is a fee charged by the Small Business Administration (SBA) to guarantee a portion of a loan made to a small business owner. The fee is typically based on the loan amount guaranteed by the SBA. The specific fee percentages may vary depending on the type […]
Can you have multiple SBA loans Many small businesses turn to the U.S. Small Business Administration (SBA) loan programs for financing when they can’t get funding through other means. Get a quote Because the loan programs offer large amounts of money with excellent interest rates and favorable terms, some small businesses may be interested in […]
SBA loan guarantees explained The U.S. Small Business Administration (SBA) guarantees their loans to make it easier for small businesses to qualify for the loans. Get a quote This guarantee makes lending to small businesses more attractive for lending partners because the federal government promises to pay back most of the loan if the borrower […]
SBA loans vs conventional loans Many small businesses turn to loans for financing, and may choose a loan through the U.S. Small Business Administration (SBA) or conventional business loans. Get a quote Each type of loan has its own advantages, depending on why a business needs the loan, how much they need and how much […]
SBA loan requirements: All you need to know Many small businesses use U.S. Small Business Administration (SBA) loan programs to finance their businesses, including growing or starting a business. Get a quote The SBA program is extremely popular, but it’s important to understand the SBA loan program requirements to make sure you qualify before you […]
SBA loan application process Loans from the U.S. Small Business Administration (SBA) are extremely popular for small businesses that need financing. Get a quote The SBA loan application process can be complex, but knowing what steps to take and how to apply can make it easier. Read on to find out the application process for […]
SBA loans for LLCs Many limited liability companies (LLCs) use loans from the U.S. Small Business Administration (SBA) to fund their businesses. Get a quote Read this article to me Powered by AiVOOV SBA loans are highly competitive but offer excellent rates and terms for small businesses that need funding. Read on to find out […]
SBA 504 Loan Calculator This simple SBA 504 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 4, 2024. Next review due October 1, 2025. Ian Hawkins Head of Content Ian Hawkins […]
SBA business acquisition loans If you’re looking to purchase an existing business, you may consider a loan from the U.S. Small Business Administration (SBA). Get a quote Page written by Kat Cox. Last reviewed on August 12, 2024. Next review due October 1, 2027. Kat Cox Expert financial copywriter As a B2B finance content specialist, […]
SBA community advantage loans For small businesses looking for working capital loans, the U.S. Small Business Administration (SBA) Community Advantage Loan may be a good option. Get a quote The loan program offers up to $350,000 for small businesses that qualify, including new businesses. Read on to find out more about the SBA Community Advantage […]
SBA 7(a) Loan Calculator This simple SBA 7a loan calculator helps you understand the cost of your loan. See monthly interest & repayment amounts, as well as total interest & cost. Page written by Ashlyn Brooks. Last reviewed on January 2, 2025. Next review due October 1, 2026. Ashlyn Brooks Expert financial copywriter Ashlyn is […]
Disclaimer: Swoop Funding LLC (“Swoop”) is a financial technology platform and commercial finance broker, not a lender. Swoop does not provide loans or make credit decisions. We match US-based firms with third-party lenders, equity funds, and grant agencies. All financing is subject to lender credit approval and the specific terms and conditions of the funding provider.
Broker Compensation Disclosure: Swoop provides its platform and matching services to applicants at no direct cost. We receive compensation in the form of a commission or referral fee from the finance providers in our network upon successful placement. This compensation may vary by provider and product. In certain instances, the commission paid to Swoop may influence the interest rate or terms offered by the lender, which can affect the total amount payable under your agreement.
Credit Authorization & FCRA Notice: By submitting an application or registering an account, you provide “written instructions” to Swoop under the Fair Credit Reporting Act (FCRA) to obtain your personal and/or business credit profile from consumer reporting agencies. This information is used solely to evaluate your eligibility for financing and to match you with appropriate lenders in our network.
State-Specific Disclosures:
Florida & Utah: Swoop complies with state commercial financing disclosure laws regarding the transparency of terms for non-real estate secured commercial transactions.
Entity Information: Swoop Funding LLC is a Delaware limited liability company. US Headquarters: 43 W 23rd St, New York, NY 10010, United States. Contact: hello@swoopfunding.com
General Terms: Applicants must be 18 years of age or older. All firms must be registered and operating within the United States. SBA loans are issued by private lenders and guaranteed by the U.S. Small Business Administration; Swoop is not a government agency. Please review our Terms of Use and Privacy Policy for full details.
If you have a complaint, please refer to our Complaints Policy.
UK
IRE
AU
CA
US
ZA
NA
yet? Register here!