SBA Lending
Whether you’re building the foundation of a new business or ready to take your company to the next level, we have the partners, resources, and funding solutions to help you succeed. And as a Small Business Administration (SBA) lender,1 we can make decisions locally, making the process quicker and easier.
Lower Down Payments
Enjoy down payments as low as 10% for the purchase of real estate, equipment, inventory, or other business assets.
Longer Terms
SBA loans often have longer repayment terms with more affordable monthly loan payments, so you can use more of your cash flow on your business.
Access to SBA Resources
Gain access to invaluable training and mentorship opportunities, along with the tools to help start, expand, or purchase a business.
| SBA 7(a) | SBA 504 | Credit Lines | |
|---|---|---|---|
| Purpose | Nearly any business-related purpose | Real estate, heavy equipment and other fixed assets | Funding for most purposes, including working capital lines of credit |
| Loan Amounts | Up to $5 million | Up to $5.5 million | Up to $5 million |
| Terms | Up to 25 years | Up to 20 years | 5-10 years |
| Rate Information | Can be fixed or variable | Can be fixed or variable | Variable |
Questions? We have answers!
What’s an SBA loan?
An SBA loan is small business loan partially guaranteed by the U.S. Small Business Association, or SBA. The loan itself does not come from the SBA, but is issued by financial institutions.
How does an SBA loan work?
When you apply for an SBA loan, you’re still working with an individual lender, but because SBA loans are partially guaranteed by the government, lenders are more confident in making the decision to finance because there’s less risk than with a conventional commercial loan. Plus, because they are partially guaranteed by the government, they often come with lower down payments and more favorable terms than other types of business loans.
Is an SBA loan right for you?
You may want to consider an SBA loan if you’d like to:
- Expand or start a business
- Purchase a franchise
- Acquire or renovate commercial real estate for your business
- Purchase equipment, vehicles, or inventory
- Secure working capital
There is no shortage of potential uses for SBA loans. If you have questions about whether an SBA loan is right for your needs, we can help answer them.
Why Arkansas Federal?
Navigating the steps to get an SBA loan is unfamiliar territory for many business owners. As an SBA lender, we can help weigh your options for you, recommending the most cost-effective solution for your business. You’ll have a choice of SBA loan programs with lower down payments and a range of terms. Plus, you’ll have local experts based in Arkansas to help you every step of the way.
How do I apply for an SBA loan?
Reach out to us, and we’ll be glad to assist you through the loan process, from initial application to funding.