SBA Loan

An SBA Loan that offers long-term flexibility *

With lower interest and longer payment terms, SBA loans can be a smart way for small businesses to expand with help from the government.

What Is An SBA Loan?

A Small Business Administration Loan (“SBA Loan”) is a loan program administered by the Small Business Administration and is partially guaranteed by the government. This program works with other financial institutions to help give small businesses access to working capital that otherwise might be unavailable to them. While SBA loans are typically more difficult to qualify for, they offer longer terms and lower interest rates.

Fixed Payments*

Automatic fixed daily, weekly, or monthly payments

Business Loan Term Options*

Terms range from three months up to sixty months

Fast Business Funds*

Funds can be deposited into your business bank account within hours of approval

SBA Loans Offer Secure Funding Backed by the Small Business Administration

You only need 3 important things to the following 5 documents to apply.ply

A valid form of identification

Business bank account number and routing

Last three months of business bank statements

Two years of business tax returns

Schedule of debts

Application Process

Apply Online

Start your business application and tell us about your company, goals, and objectives. We recommend having the necessary paperwork on hand to make the process even faster (i.e. driver’s license or passport, business bank statements).

Let Us Review

Our team will carefully review your business financing application. One of our trusted business advisors will reach out if we need any additional information.

Get Funded

If approved, our team will send your business’ funds to the business bank account provided. This can be as quick as a few minutes, so be on the lookout!

Financing With Base Funding

At Base Funding, we’re dedicated to finding custom financing solutions for our small business clients. It’s simple, your business is our business. We provide you with all the resources you need to unlock big potential for your small business.

FAQs

What are the SBA loan requirements?

While most lenders and loan programs offered by the SBA have different eligibility requirements, the majority of these requirements are centered around the products or services the business provides, the character of its ownership, and the location of operation. Some of the main factors that the SBA requires are that the business is for-profit, located and operates in the USA, has invested equity in the business, and has had difficulty applying for financing with other lenders in the past.

How do I apply for an SBA Loan?

The Small Business Administration works with various lenders. Any company seeking to apply for an SBA Loan needs to find a lender that works with the SBA, from there, fill out an application with that lender and provide all the documentation required. The lender will then review the application for approval.

Where can I check for the SBA Loan status?

To find your business’ SBA Loan status, it’s crucial to understand which type of loan program your business applied for. If you applied for an SBA loan, then the lender your business applied through would have this information, and you should contact them directly for status updates.

What is an SBA Disaster loan?

It’s a type of loan provided by the Small Business Administration that provides low-interest loans with long-term repayment options to businesses that have less than 500 employees, are non-profits, and sole proprietors or independent contractors that have been impacted by a major disaster. These types of disasters can be a result of a natural disaster or a healthcare pandemic, among others.

What do I need to fill out an SBA Loan application?

Each SBA lender requires different documentation and will ask qualifying questions during the application process. While each lender is different, it makes sense to have a business plan in mind, know the amount and use of funds needed, and have a good credit history. Financial projections, collateral, and industry experience are also a plus. The SBA states that even businesses with low credit still have a possibility of being accepted.

When filling out an application, documentation to have on hand includes past bank statements, a valid form of identification, a business checking account, and past tax returns.