About sbaloansHQ

SBA loans are all we know! Many resources are available to you to find the funding that best suits your needs. But with sbaloansHQ you aren't just getting thrown into some algorithm, you're dealing with live SBA experts that know exactly how to get your project funded.

Absolutely! Many banks offer SBA lending services. The problem most people run into with dealing directly with their bank is time. Firstly, some banks just are not set up to deal with SBA loans efficiently. Second, if there was another bank our there that could offer you better terms or get your deal done more quickly, wouldn't you want to know?

In some cases, yes! One of the most prominent benefits of an SBA loan versus a conventional loan is the out of pocket costs. Existing businesses can typically borrow funds for real estate purchases, expansions, equipment, or working capital with little to no money out of pocket. We can also finance a partner buyout situation in most cases with no down payment. If you are just starting out or buying an existing business, we'll typically look for 5% to 10% of the project costs to be contributed by the buyer.

We’ve closed acquisition loans as fast as 30 days from the initial loan proposal, while others have taken several months. The average time is 10 weeks. In most all cases, the buyer and seller get to dictate the closing date. As a buyer you’ll want to work plenty of time into the contract to do your own due diligence, while we work in the background.

These projects are some of our favorites. We work with lenders who view your existing time spent in the business as your equity, and don't require you as the buyer to contribute any cash down payment. Unfortunately, SBA still needs a minimum of 5% of project costs to come from your side. We can help you figure that piece out as well. Between the seller and the SBA loan, we can finance the purchase price, working capital, closing costs, and anything else that my be needed into the project.

Compared to a conventional business loan, SBA loans typically offer more favorable terms. The exact interest rate and loan term are chosen by the lender, but fall under SBA's guidelines which conventional loans don't have to follow.

For sure! Many times, when you buy a business there are not enough hard assets (think equipment/real estate) to secure a conventional loan. SBA loans provide a government backing, and allow lenders to make loans to businesses that aren't always fully collateralized.

We offer a tiered approach to our pricing, which varies based on how you think we can serve you best. There aren’t any application fees, so you always know exactly what you’re signing up for.

Yes! New SBA rules and regulations that came out in 2023 allow for the "partial buyout" of a company. Meaning, you can get a loan to buy stock from a current owner, while they retain some ownership themselves. If it is structured correctly, you don't need any down payment. The seller will need to agree to "co-sign" with you for 2 years, but often this isn't an issue as they still get paid up front and then can transition slowly into retirement.

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In most cases, when the loan amount is over $350,000, the lender is required to put a lien on personal real estate that has 25% or greater equity. Their lien would be behind your current mortgage/deed of trust.