SBA Loan
Lowest rates, longest terms, worth the paperwork.
- Government-backed guarantee
- Lowest rates available
- Longest repayment terms
Decision as fast as 24 hours · No hard credit pull
Overview
An SBA loan is partially guaranteed by the U.S. Small Business Administration, which lowers the risk to lenders and lets them offer some of the most favorable terms in small-business funding. That backing typically means lower rates and longer repayment periods, up to around 25 years, making the monthly payments more manageable than most other funding types.
These loans fit established, financially healthy businesses making a significant, long-term investment such as a major expansion, real estate, or a large equipment purchase. In exchange for the strong terms, the process involves more paperwork and a longer timeline, so it suits owners who can plan ahead rather than those needing cash immediately.
- Government-backed guarantee
- Lowest rates available
- Longest repayment terms
Is a sba loan right for you?
Great for:
- Established, financially healthy businesses
- Major long-term expansions
- Commercial real estate purchases
- Large equipment investments
How it works
How a sba loan works.
You start by checking your options with a soft credit pull that doesn't affect your score. Palm connects you with funding partners experienced in SBA programs and helps you understand what's required.
You'll assemble more documentation than other options, financials, tax returns, and business details, because of the government-guarantee requirements. This is the step that makes the timeline longer.
Once reviewed and approved, funds are disbursed and you repay over a long term, often many years. The extended schedule and lower rates keep payments comparatively low and predictable.
At a glance
SBA Loan terms.
The upside
- Lowest rates available
- Longest repayment terms
- Large funding amounts
- Lower, manageable payments
Things to weigh
- More paperwork required
- Longer approval timeline
- Stricter qualification standards
Common questions
SBA Loan FAQs.
Why does an SBA loan take longer?
Because the loan is partially government-guaranteed, lenders require more documentation and review. That extra diligence lengthens the timeline but unlocks lower rates and longer terms.
Who is an SBA loan best for?
Established businesses with solid financials making a significant, long-term investment. If you need cash immediately, a faster option may fit better while you pursue this.
How much paperwork should I expect?
More than other products, typically business financials, tax returns, and detailed business information. Palm and its partners help guide you through what's needed.
How It Works
Funding that moves at your speed.
Apply in minutes
A short online application, no hard credit pull to see your options.
Get matched
We review your profile and match you to the financing that fits your business.
Review your offer
Talk it through with a real funding specialist. No pressure, no jargon.
Get funded
Accept your offer and receive funds, as soon as the same day.
Do You Qualify?
Our basic requirements.
Other underwriting factors may apply. Not all applicants will qualify.
Apply for a sba loan.
Tell us about your business and a funding specialist will reach out with your options. About 2 minutes, no hard credit pull, no obligation.
Start Your Application