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sba lending

Secure Your Business Growth with SBA Loans

At Ignite Capital, we understand the challenges that small business owners face when seeking capital to grow their operations. That’s why we offer Small Business Administration (SBA) Loans—one of the most affordable and flexible financing options available for small businesses. SBA loans come with low interest rates, long repayment terms, and minimal down payments, making them an excellent choice for businesses that qualify.

Why Work With Us?

150

Million Funded

25k

Companies Funded

50

States Served

Why Choose SBA Loans?

Low Interest Rates

SBA loans feature some of the most competitive rates on the market, ensuring that your payments remain manageable.

Minimal Down Payments

SBA loans require lower down payments compared to conventional loans, preserving your capital for other business needs.

Loan Amounts Up to $5 Million

Whether you’re expanding, buying equipment, or refinancing debt, SBA loans can provide the funds you need.

Extended Repayment Terms

With terms up to 25 years, SBA loans allow you to repay your loan at a comfortable pace, helping you keep more of your cash flow.

SBA 7(a) Loans

The most popular SBA loan program, ideal for working capital, business expansion, real estate purchases, and debt refinancing. Loan amounts up to $5 million are available.

SBA 504 Loans

Designed for real estate and equipment purchases, SBA 504 loans are perfect for businesses seeking to buy or renovate commercial properties or upgrade machinery.

SBA Express Loans

Get faster approvals for smaller loan amounts (up to $500,000). While the process is quicker than other SBA loans, it still offers favorable terms and competitive rates.

How to Apply?

1. Application & Pre-Approval

Provide basic information about your business, including financial history, revenue, and the credit limit you’re seeking. We offer fast pre-approval so you can understand your options sooner.

2. Submit Documentation

The next step is submitting required documents, which typically include:

  • Business financial statements (P&L and Balance Sheet)
  • Recent tax returns (usually 2 years)
  • Bank statements (3-6 months)
  • Credit score and history

3. Approval & Credit Limit

Once approved, you’ll receive access to a revolving credit limit. You can withdraw funds as needed and only pay interest on the amount you use. Repayments will replenish your available credit, giving you continued access to capital.

4. Ongoing Access

Use your line of credit whenever your business needs it, whether for growth initiatives, unexpected expenses, or short-term cash flow gaps.

Benefits of a SBA Lending

How to Use It?

SBA loans can be used strategically to enhance your business’s growth and stability. They provide financing for a variety of purposes, including purchasing real estate, acquiring equipment, managing cash flow, and funding operational expenses. To effectively utilize an SBA loan, start by clearly defining your business needs and creating a detailed plan that outlines how the funds will be allocated. This plan should include projected financials and a timeline for repayment. Whether you’re launching a startup or expanding an existing business, SBA loans can help you leverage the capital needed to achieve your goals while benefiting from competitive interest rates and favorable terms.

Benefits

Flexible Borrowing

Draw from your credit limit at any time, with no need to reapply when you need additional capital.

Interest on Used Funds Only

You only pay interest on the amount you withdraw, helping to control your business’s financing costs.

Replenish & Reuse

Once you repay what you’ve borrowed, the credit becomes available again, offering long-term flexibility.

No Collateral (in some cases)

Depending on your business’s financial strength and credit score, unsecured lines of credit may be available without requiring assets as collateral.

The Ignite Capital Advantage

With fast access to funds, you can enjoy quick approval and start utilizing your line of credit immediately, ensuring that you never miss a business opportunity. We offer flexible credit limits tailored to meet your business’s current needs while accommodating future growth. Additionally, our team of financing professionals is dedicated to guiding you through the process, providing expert support and advice to help you maximize the benefits of your business line of credit.

Business Requirements

625 Personal FICO Score

2+ Years in Business

Profitable or Near-Profitable Operations

Collateral

FAQs

What is SBA lending?

SBA lending refers to loans guaranteed by the Small Business Administration (SBA), designed to support small businesses in obtaining financing. The SBA provides a guarantee to lenders, reducing their risk and making it easier for small businesses to secure loans.

What types of loans does the SBA offer?

The SBA primarily offers several loan programs, including:

  • 7(a) Loan Program: General purpose loans for various business needs.
  • 504 Loan Program: Long-term financing for real estate and equipment.
  • Microloan Program: Small loans for startups and small businesses.
  • Disaster Loans: Loans for businesses affected by disasters.
Who is eligible for SBA loans?

Eligibility typically includes:

  • A for-profit business in the U.S.
  • A business that meets SBA size standards (usually under 500 employees).
  • A business that operates for a legitimate purpose and has a reasonable chance of success.
  • Owners must have good credit and be able to demonstrate repayment ability.
What can SBA loans be used for?

SBA loans can be used for various purposes, including:

  • Purchasing real estate
  • Buying equipment
  • Working capital
  • Refinancing existing debt
  • Starting a new business
What are the interest rates on SBA loans?

Interest rates vary based on the lender and the loan program, but they are typically competitive. The SBA sets maximum rates, which can fluctuate based on the market.

How long does it take to get approved for an SBA loan?

Approval times can vary widely, from a few weeks to several months, depending on the complexity of the loan and the lender’s process.

What documents are needed to apply for an SBA loan?

Common documentation includes:

  • Business plan
  • Financial statements (income statements, balance sheets)
  • Personal and business tax returns
  • Resumes of owners and key management
  • A detailed list of business assets and liabilities
Are there any fees associated with SBA loans?

Yes, fees may include:

  • SBA guarantee fees
  • Loan packaging fees
  • Closing costs
  • Appraisal fees
Can I apply for an SBA loan online?

Many lenders offer online applications for SBA loans, but you may also need to provide physical documents and meet in person for some lenders.

What if my application is denied?

If your application is denied, you can ask the lender for specific reasons. You may have the option to appeal the decision or consider reapplying after addressing the issues raised.