Loans The government-guaranteed SBA loan program works with approved lenders to offer low-interest rates and long-term repayment. But the process is time-consuming, and the requirements are strict. Only those with good personal credit (680 or higher, although some SBA lenders may have lower score requirements), strong business finances, and the flexibility to wait for funding should apply.
- Loan amounts: $30,000 to $5 million.
- Approximate APR range: 5.50% to 8%.
- Good for large one-time and longer-term investments, purchasing real estate or equipment, buying existing businesses, and refinancing debt.
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