U.S. SMALL BUSINESS ADMINISTRATION
Availing a U.S. Small Business Administration (SBA) loan provides low-interest rates, longer repayment terms, and easier qualification requirements, helping small businesses grow and succeed.
The Small Business Administration (SBA) offers 90% loans through the Export Express, Export Working Capital Program (EWCP), and International Trade loan programs. The SBA also offers 90% loan guarantees through the 7(a) program.
SBA 90% Loan Programs
Export Express
Lenders can underwrite loans up to $500,000 without prior SBA approval.
Export Working Capital
Small business owners can apply for loans before finalizing an export contract or sale. Loans can be up to $5 million.
International
Trade
The SBA provides a 90% guaranty on loans.
7(a)
Lenders can request a 90% guaranty from the SBA for eligible loans.
Eligibility
SBA loans are subject to credit approval.
SBA guidelines require at least 51% occupancy for owner occupied commercial real estate.
Big Capital for Small Business
Get up to $5 million with SBA Real Estate loan with a fixed rate for 5 years.
SBA 7(a) loans up to $5 million with flexible term options.
⭐ Minimum loan amount $500,000
⭐ Must quality as a New, Real Estate purpose SBA loan, as defined by the SBA,
with an allowable term, minimum term of 15 years (maximum term of 25 years)
⭐ Must apply by 3/31/2025 and close by 6/30/2025
⭐ Prepayment penalty schedule applies if paid off within first 3 years
Big Capital for Small Business
Get up to $5 million with SBA Real Estate loan with a fixed rate for 5 years.
SBA 7(a) loans up to $5 million with flexible term options.
⭐ Minimum loan amount $500,000
⭐ Must quality as a New, Real Estate
purpose SBA loan, as defined by the
SBA, with an allowable term,
minimum term of 15 years
(maximum term of 25 years)
⭐ Must apply by 3/31/2025 and
close by 6/30/2025
⭐ Prepayment penalty schedule
applies if paid off within first 3 years
SBA Loan Types
The U.S. Small Business Administration (SBA) offers a variety of loan programs to support small businesses in Florida. Here's an overview of the main SBA loan types, their purposes, options, and typical Loan-to-Value (LTV) ratios.
SBA 7(a) Loan Program
Purpose: General-purpose loans for working capital, equipment purchase real estate acquisition, and debt refinancing.
Loan Amount: Up to $5 million
Interest Rates: Variable rates, typically ranging from Prime +2.25% to Prime + 4.75%, depending on loan size and term.
Repayment Terms: Up to 10 years for working capital and equipment; up to 25 years for real estate.
LTV Ratio: Generally up to 90%, meaning borrowers may need to contribute at least 10% equity.
SBA 504 Loan Program
Purpose: Financing for major fixed assets like real estate and heavy equipment
Loan Amount: Up to $5.5 million for standard projects; certain energy projects may qualify for higher amounts.
Interest Rates: Fixed rates, determined by current market rates for 5-year and 10-year U.S. Treasury issues.
Repayment Terms: 10, 20, or 25 years.
LTV Ratio: Typically up to 90%; borrowers usually contribute 10% equity, with the remaining 90% split between a lender (50%) and a Certified Development Company (40%).
SBA 504 Loan Program
Purpose: Small, short-term loans for working capital, inventory, supplies, furniture, fixtures, and equipment.
Loan Amount: Up to $50,000.
Interest Rates: Generally between 8% and 13%.
Repayment Terms: Up to 6 years.
LTV Ratio: Varies; collateral and personal guarantees are typically required.
SBA 504 Loan Program
Purpose: Small, short-term loans for working capital, inventory, supplies, furniture, fixtures, and equipment.
Loan Amount: Up to $50,000.
Interest Rates: Generally between 8% and 13%.
Repayment Terms: Up to 6 years.
LTV Ratio: Varies; collateral and personal guarantees are typically required.
SBA Export Loan Programs
A. EXPORT EXPRESS PROGRAM
Purpose: Quick access to financing for businesses involved in exporting.
Loan Amount: Up to $500,000.
Interest Rates: Negotiated between lender and borrower; typically higher due to expedited
processing.
Repayment Terms: Up to 7 years for revolving lines of credit.
LTV Ratio: Generally up to 90%.
B. EXPORT WORKING CAPITAL PROGRAM (EWCP)
Purpose: Financing for export transactions, including working capital and export-related inventory.
Loan Amount: Up to $5 million.
Interest Rates: Negotiated between lender and borrower.
Repayment Terms: Typically up to 3 years.
LTV Ratio: Generally up to 90%.
C. INTERNATIONAL TRADE PROGRAM
Purpose: Long-term financing to support businesses expanding due to international trade or
adversely affected by import competition.
Loan Amount: Up to $5 million.
Interest Rates: Negotiated between lender and borrower.
Repayment Terms: Up to 25 years for real estate; up to 10 years for equipment.
LTV Ratio: Generally up to 90%.
A. EXPORT EXPRESS PROGRAM
Purpose: Quick access to financing for businesses involved in exporting.
Loan Amount: Up to $500,000.
Interest Rates: Negotiated between lender and borrower; typically higher due to expedited processing.
Repayment Terms: Up to 7 years for revolving lines of credit.
LTV Ratio: Generally up to 90%.
B. EXPORT WORKING CAPITAL PROGRAM (EWCP)
Purpose: Financing for export transactions, including working capital and export-related inventory.
Loan Amount: Up to $5 million.
Interest Rates: Negotiated between lender and borrower.
Repayment Terms: Typically up to 3 years.
LTV Ratio: Generally up to 90%.
C. INTERNATIONAL TRADE PROGRAM
Purpose: Long-term financing to support businesses expanding due to international trade or adversely affected by import competition.
Loan Amount: Up to $5 million.
Interest Rates: Negotiated between lender and borrower.
Repayment Terms: Up to 25 years for real estate; up to 10 years for equipment.
LTV Ratio: Generally up to 90%.
Eligibility Criteria for SBA Loans
⭐ Business Size: Must meet the SBA’s definition of a small business, which varies by industry.
⭐ Occupancy Requirement: For owner-occupied commercial real estate, at least 51% occupancy is required.
⭐ Credit Approval: Subject to lender and SBA credit approval.
⭐ Collateral: Adequate collateral is typically required, though specific requirements vary by loan program and lender.
These SBA loan programs provide Florida small businesses with various financing options to support growth, expansion, and operational needs. For more detailed information, visit the SBA’s official website.
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