SBA Loans
APPROVE helps established small businesses explore SBA loan options through a fast, guided application that connects them to SBA-approved lenders aligned with their goals. Whether you’re purchasing real estate, expanding operations, or refinancing existing debt, our team helps you navigate the process with clarity and confidence.
Your application is free, secure, and will not impact your credit.
A smarter way to access SBA financing
SBA loans are designed for businesses planning long-term growth, but the process can be complex without the right support. APPROVE simplifies the experience by combining technology with hands-on guidance—so you’re not left trying to decode lender requirements on your own.
Instead of applying blindly to multiple banks, APPROVE helps route your application to best-fit SBA lenders based on your business profile, funding goals, and qualifications.
Get an SBA loan in three simple steps.
Skip the endless forms and lender spam. Submit one application and choose from real offers tailored to your business. Not sure which option is right for you? We can help.
Step 1
Apply in 60 seconds.
Tell us about your business and how much you need. One quick application connects you to our network of trusted SBA lenders who specialize in helping businesses like yours.
- One simple, secure application
- No lender spam or repeated submissions
- Reviewed by real finance experts
Step 2
Choose your best offer.
We instantly match your application with the lenders most likely to approve it, so you can compare competitive offers and choose the one that fits your goals.
- Compare up to three offers side-by-side
- Get expert help understanding each option
- Choose the best terms for your business
Step 3
Grow your business.
SBA loan processing typically takes between 30 and 60 days. Our team will help you through the process to ensure you receive funds as quickly as possible.
- Access business funding in 30-60 days
- Get expert guidance throughout the process
- Turn your attention back to business growth
What is an SBA loan?
An SBA loan is a business loan issued by an approved lender and partially guaranteed by the U.S. Small Business Administration. This guarantee allows lenders to offer lower interest rates and longer repayment terms than many conventional loan options. Because of their favorable terms, SBA loans are best suited for businesses with stable revenue, solid credit, and documented operating history.
These loans are commonly used for:
- Purchasing or refinancing commercial real estate
- Buying equipment or fixed assets
- Business acquisitions or partner buyouts
- Refinancing existing business debt
- Long-term working capital
SBA Loan Options
SBA 7(a) Loans — Flexible Business Funding
The SBA 7(a) loan is the most widely used and flexible SBA loan program. It’s designed for businesses that need capital for a variety of purposes and want the ability to structure financing around their specific goals. Because of their flexibility, SBA 7(a) loans are often a strong fit for businesses that need one loan to solve multiple needs. These loans are best suited for established businesses (at least 1 year in business) with steady revenue and a clear plan for how the funds will be used.
Common Uses:
- Working capital to support day-to-day operations
- Purchasing business equipment or vehicles
- Refinancing existing business debt
- Funding a business acquisition or partner buyout
- Supporting expansion or growth initiatives
Key Features:
- Loan amounts up to $5 million
- Repayment terms up to 10 years, depending on use of the funds
- Broad range of approved business uses
- Competitive interest rates
SBA 504 Loans — Fixed Assets and Expansion
The SBA 504 program is designed specifically for businesses making long-term investments in fixed assets. These loans are ideal for companies planning to expand their physical footprint or invest in large equipment that will support growth over many years. Because of their structure, SBA 504 loans work best for businesses with strong financials that are making strategic long-term investments.
Common Uses:
- Purchasing owner-occupied commercial real estate
- Constructing or renovating business facilities
- Buying large machinery or heavy equipment
- Modernizing or upgrading existing assets
Key Features:
- Financing for major fixed assets
- Lower down payments compared to conventional loans
- Fixed interest rates for predictable payments
- Repayment terms up to 30 years
SBA loan terms, rates, and eligibility vary by lender and borrower qualifications. Submitting an application does not guarantee approval.
What makes APPROVE different?
Most SBA loan journeys stall due to confusion—not lack of qualification. With APPROVE, you can expect:
- One guided application instead of multiple bank submissions
- Best-fit lender matching based on your business profile
- In-house financing experts who help navigate documentation and next steps
- Clear visibility into where you are in the process
Our goal isn't to push you into a loan. It's to help you understand your options and move forward with confidence.
"These guys went beyond the call of duty to help me purchase my machinery. Thank you very much A+."
Dennis D.
"Awesome service, very fast response and walked me through the whole process very fast and painless. Definitely will be doing more business in the near future."
Christopher S.
"These are some of my favorite people to work with. They are great with my customers!"
Jennifer C.
Frequently Asked Questions
What is an SBA loan?
An SBA loan is a business loan issued by an approved lender and partially guaranteed by the U.S. Small Business Administration. This guarantee allows lenders to offer lower interest rates and longer repayment terms, making SBA loans a strong option for long-term business growth.
How do SBA loans work?
APPROVE helps match qualified businesses with SBA-approved lenders based on their goals and qualifications. After submitting a short application, eligible borrowers are guided through documentation, underwriting, and closing with support from finance experts.
What kind of interest rates can I expect with an SBA loan?
SBA loan interest rates are typically tied to the Prime Rate and vary based on loan type, lender, and borrower qualifications. Rates are generally more competitive than many conventional long-term business loans, especially when paired with extended repayment terms.
What can SBA loan funds be used for?
SBA loans can be used for a wide range of business purposes, including:
- Purchasing or refinancing commercial real estate
- Buying equipment or fixed assets
- Business acquisitions or partner buyouts
- Refinancing existing business debt
- Long-term working capital
Approved uses depend on the loan program and lender.
Are SBA loans hard to qualify for?
SBA loans have stricter requirements than short-term financing options, but they are ideal for established businesses with stable operations and long-term growth plans.
Who are SBA loans not a good fit for?
SBA loans are designed for established businesses planning long-term growth. They are typically not a fit for startups, businesses with limited operating history, or companies seeking fast, short-term funding. Businesses in early stages may want to explore alternative financing options better suited to immediate or short-term needs.
How does this affect my credit?
There is no impact to your personal credit, unless a personal guarantee is required. Personal guarantees will have an inquiry on their credit by some lenders. Because these credit inquiries happen in a short timeframe, and for the same products, credit bureaus recognize them as part of a normal shopping process and will view them as a single credit inquiry by lenders.
How long does the application process take?
How many lenders review my application?
APPROVE's large network of lenders is constantly growing, however, our technology matches your application with the lender(s) most likely to offer you the best rates based on your business type and credit profile. If more than one lender is a good fit for your business and credit profile, you may receive competing offers to compare.
Do SBA loans require a personal guarantee?
Most SBA loans require a personal guarantee from business owners with significant ownership. Collateral requirements vary by loan type and lender.
Do SBA loans require a down payment?
Some SBA loans may require a down payment, especially for real estate or business acquisitions. The amount depends on the loan program and lender.
Are SBA loans forgivable?
No. SBA loans are not forgivable and must be repaid according to the agreed terms.
GET STARTED
Power your business with smarter financing.
Tell us a little about your business, and we’ll connect you with the right expert to help you get started. Expect a quick, personalized follow-up with next steps tailored to your goals.