PROFITTHEORY

SBA loan requirements

SBA loan requirements for business owners

An SBA loan is made by a lender and partially guaranteed by the U.S. Small Business Administration. Borrowers generally must be for-profit U.S. small businesses, show ability to repay, contribute equity, and meet SBA and lender rules. SBA rules change — confirm current requirements on SBA.gov and with the lender.

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Estimates only. Results vary. No guarantee of approval, rates or savings.

Profit Theory is not a lender. Providers make all funding decisions; approval is never guaranteed.

General eligibility

Common requirements include:

  • Operate for profit in the U.S. and meet SBA size standards
  • Be in an eligible industry
  • Show reasonable ability to repay from cash flow
  • Owner equity and personal guarantees from significant owners
  • Use proceeds for an eligible purpose

The process

You apply through an SBA-participating lender, not the SBA directly. The lender underwrites the loan, requests the guarantee, and sets terms within SBA limits. A complete package — financials, projections, use of funds and owner information — makes the process smoother.

Run the numbers

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$
% APR

Use a rate you were quoted, or test a range. Not a quote.

years

10 years / 120 months

% of loan

Estimated monthly payment

$3,234.94

Total interest

$138,193

Total repaid

$388,193

Fixed-rate, fully amortizing estimate. Excludes variable-rate changes, prepayment terms, guarantee fees and closing costs unless entered. Not an offer or approval.

Talk to a financing specialistOptional. Your result stays on this page.

Estimates only. Results vary. No guarantee of approval, rates or savings.

Talk with a financing specialist

Common questions

What is an SBA loan?

A loan from a bank or lender that carries a partial guarantee from the SBA, which can make lenders more willing to lend on longer terms.

Do I apply with the SBA?

No. You apply through a participating lender.

How do I qualify?

Meet SBA eligibility rules and the lender's credit standards. Cash flow, credit, equity and experience all matter.