SBA Loan Program
We have been designated as a Preferred Financial Services company by industry leading SBA lenders to have loans processed more quickly and efficiently than many others.
There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.
Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.
Loan Qualifications
Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
Wholesale businesses with employees up to 100 regardless of sales volume
Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
SBA 7(A) Loan Size $150,000 to $2.0 million
Loan Fees
Use of Proceeds
Other Credits Considerations
Contact us today about our
SBA Loan Programs and
other services.
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This is not an offer to lend. All offers of credit are subject to due diligence, underwriting and approval. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate or best terms. Actual rates and terms depend on a variety of factors and are subject to change without notice.
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SBA Loans for Small Business
Government-backed financing with longer terms, lower down payments, and competitive rates. SBA 7(a) and 504 loan programs designed to help small businesses grow, acquire, and expand.
SBA Loan Criteria
| Criteria | Details |
|---|---|
| Eligible Businesses | For-profit small businesses including manufacturers, wholesale, retail, service, independent, and franchise businesses |
| SBA 7(a) Loan Amount | $150,000 to $5,000,000 |
| SBA 504 Loan Amount | $500,000 to $15,000,000 |
| Down Payment | Typically 10% to 20% depending on loan type and use |
| Term | Up to 10 years (working capital); Up to 25 years (real estate) |
| Rates | Competitive rates tied to the Prime Rate or fixed-rate debentures |
| SBA Guaranty Fee | 1.70% to 2.60% of the loan amount; fee can be financed into the loan |
| Packaging Fee | $750 to $2,000 based on loan size; collected at submission, refunded if declined |
SBA 7(a) vs. SBA 504 Loans
SBA 7(a) Loan Program
The most common SBA loan. Flexible use of funds for a wide range of business purposes.
- Loan amounts from $150,000 to $5,000,000
- Working capital and operational expenses
- Business acquisitions and partner buyouts
- Equipment purchases and leasehold improvements
- Debt refinancing under qualifying conditions
- Terms up to 10 years (25 years for real estate)
SBA 504 Loan Program
Designed for major fixed asset purchases including commercial real estate and heavy equipment.
- Loan amounts from $500,000 to $15,000,000
- Commercial real estate purchase or construction
- Long-term machinery and equipment
- Renovations and facility improvements
- Fixed interest rates on the SBA portion
- Terms up to 20 years (25 years for real estate)
What is an SBA Loan?
SBA loans are small business financing programs partially guaranteed by the U.S. Small Business Administration. The SBA does not lend directly. Instead, it partners with approved lenders and guarantees a portion of the loan, reducing the lender's risk and making it possible to offer more favorable terms to borrowers.
The result is access to longer repayment terms, lower down payments, and competitive interest rates that most conventional commercial loans do not offer. SBA loans are available for a broad range of business purposes including working capital, equipment, business acquisitions, commercial real estate, and expansion.
On Top Funding has been designated as a Preferred Financial Services company by industry-leading SBA lenders, allowing us to process loans more quickly and efficiently than many others. Our team evaluates each deal on its fundamentals and guides you through the application process from start to finish.
How It Works
Apply
Submit your business capital application with details about your business, financing need, and intended use of funds
Pre-Qualification
Our team reviews your business profile, financials, and credit to determine program eligibility and loan structure
Underwriting
Your application is submitted to an SBA-approved lender for full underwriting, documentation review, and approval
Closing
Once approved, loan documents are prepared and funds are disbursed according to the terms of your SBA loan
Why Work With On Top Funding
Preferred Lender Access
We have been designated as a Preferred Financial Services company by leading SBA lenders. This means faster processing, priority underwriting, and a streamlined path from application to closing.
Full-Service Guidance
SBA loans involve significant documentation and coordination. Our team manages the process from pre-qualification through closing, keeping you informed and prepared at every step.
Multiple Program Options
Not every business need fits a single loan product. We evaluate your situation across SBA 7(a), 504, and conventional programs to identify the structure that best serves your objectives.
Frequently Asked Questions
Most for-profit small businesses are eligible. This includes manufacturers, wholesale businesses, retail and service businesses, franchises, and independent operators. The business must meet SBA size standards, which vary by industry and are typically based on annual revenue or number of employees.
SBA 7(a) loans are the most flexible program and can be used for working capital, equipment, acquisitions, and real estate. SBA 504 loans are specifically designed for major fixed asset purchases like commercial real estate and heavy equipment, and typically offer fixed interest rates on the SBA-guaranteed portion.
SBA loans typically take 45 to 90 days from application to closing, depending on the complexity of the deal, completeness of documentation, and the specific lender. Our Preferred Financial Services designation helps expedite the process where possible.
SBA loans typically require a down payment of 10% to 20% depending on the loan program, the use of funds, and the borrower's qualifications. This is generally lower than what conventional commercial loans require.
Yes. SBA 7(a) loans are commonly used for business acquisitions including full purchases and partner buyouts. The loan can cover the purchase price, working capital needs, and in some cases, seller financing can be structured alongside the SBA loan.
Yes. SBA loans require a personal guarantee from anyone who owns 20% or more of the business. Satisfactory personal credit histories are required for all principals and guarantors. There must be no past bankruptcies or felony arrests.
Ready to Explore SBA Financing?
Submit your business capital application and let our team identify the right SBA program for your business
Apply NowDisclosure and Compliance Notice: This is not an offer to lend and does not constitute a loan commitment. The information provided is for educational purposes and general overview only. Specific loan terms, rates, and fees will be determined based on individual application, underwriting review, and credit approval. On Top Funding reserves the right to decline any application or modify terms based on its underwriting analysis. All loans are subject to satisfactory completion of underwriting. Rates and terms are subject to change without notice. This material is not intended as financial advice. Borrowers should consult with financial advisors and legal counsel regarding their specific transaction. Equal Opportunity Lender. Loans are made by On Top Funding and its licensed subsidiaries.