Find the Lowest Rates
on SBA Loans
Simply Banc provides SBA loans to handle seasonal business finances with dependable funding resources. The U.S. Small Business Association helps small business owners receive funding by guaranteeing up to 87% of loans issues by lenders.
- No balloon payments or prepayment penalties.
- Variable interest rates from 6.75% to 9.00%—some of the lowest rates you’ll find.
- Perfect for businesses looking to consolidate high-interest debt, or to purchase or refinance commercial property.
Up to $500,000
10 to 25 Years
What is an SBA Loan?
An SBA loan is a small business loan that is guaranteed in part by the U.S. Small Business Administration and typically made by a bank.
What are the advantages of an SBA loan?
Advantages include lower down payments and longer repayment terms than conventional bank loans. This enables small businesses to keep their cash flow for operational expenses and spend less on debt repayment. Generous term lengths, such as a 10-year term on non-real estate loans. Caps on interest rates, including a cap of 2.75 points over prime on loans over $50,000 with terms of at least seven years. Financing for up to 80 to 90 percent of project costs. Lower down payment requirements.
What are the basic requirements to qualify for an SBA loan?
Your business must be physically located and operate in the United States. The business must be for profit and in an eligible industry. The borrower must have invested equity in the business and it must be a small business.
What industries are eligible?
From a nail salon to an online retailer to an advertising firm – there are many small businesses that are eligible for an SBA Loan and most industries are eligible. Industries that are excluded include gambling, lending, mortgage servicing, life insurance, mining, religious teaching, primarily political and lobbying activities, oil wildcatting, real estate development, bail bond, pawn or private clubs, among others.
Speak with our Business Funding Experts.
We pride ourselves on our ability to educate business owners about the available opportunities that can help their business grow.