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SBA Loan Overview

Learn which types of businesses can be eligible for an SBA Loan

SBA Loan Requirements

Ineligible Businesses:

Life Insurance
Religious Teachings
Primarily political and lobbying activities 
Oil Wildcatting
Mortgage Servicing
Real Estate Development 
Bail Bond
Pawn or Private Clubs
For for the full detailed list of businesses that are ineligible, go to the sba's website 

SBA Eligibility Requirements

$30,000-$500,000 SBA 7(a) Working Capital or Debt Refinance 

+2 Years in Business 
Business owners personal credit must be 650 or better 
Business owner must be 21 years or older and be a U.S. Citizen 
No outstanding tax liens 
No bankruptcies or foreclosures within the last 3 years 
No recent charge-offs or settlements 
Up-to-date on governement-related loans 

SBA 7(a) Loan- Use of Proceeds

Debt Refinancing/Working Capital $30,000-$500,000

Loans of this amount can be used for new equipment purchases, working capital (hiring, operating expenses, marketing,) and refinancing existing business debt not secured by real estate (business loans, cash advances, and equipment leases) and subject to the original use of proceeds from the business debt.

Not eligible for an SBA loan? Let's see if we can get you financed another way, check out our other small business financing options

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