SBA Working Capital Loans For Growing Businesses
Long-term SBA financing to hire, stock up, expand or refinance, from $500,000 to $5 million. We put your business in front of 50+ SBA lenders so you get the best offer. It costs you nothing.
What You Can Use It For
A Standard 7(a) working capital loan gives an established business long-term money for growth, with payments spread over up to 10 years.
- Hiring and payroll during growth
- Inventory and materials
- Equipment, fixtures and furniture
- Opening a new location
- Refinancing expensive business debt
- A line of credit alongside the term loan
Who Qualifies
- An established, profitable business. Lenders want 2 or more years of history.
- Cash flow that covers the new payments with room to spare.
- Personal credit in good shape. Most lenders look for a score around 680 or higher.
- Current on taxes and on all business and personal debts, with no recent bankruptcies.
- Owners of 20% or more personally guarantee the loan.
Not sure you qualify? Tell us about your deal and we will tell you which lenders fit.
Do You Need A Down Payment?
Usually not. SBA’s Down Payment rules apply to buying a business or starting one. For an established business borrowing for working capital, the lender focuses on cash flow and collateral instead.
Collateral
Lenders take available business assets, and real estate when the loan is not otherwise fully secured. A loan is not declined only for a lack of collateral.
Cash flow first
The deciding factor is whether the business earns enough to repay the loan comfortably.
Smaller amount?
Under $500,000, an SBA Express loan is often faster. See the Express page.
How These Loans Are Usually Structured
Term loan
A fixed amount repaid monthly over up to 10 years for working capital, longer for equipment with a long useful life.
Line of credit
Revolving SBA lines (SBA Express or CAPLines) cover seasonal swings and receivables.
Combined with refinancing
Many borrowers refinance expensive debt and add new working capital in the same loan.
How It Works With GoSBA
One team from your first call to closing. You never pay us; the lender does, after closing.
Send your deal
Tell us about the business and what you need. It takes about 2 minutes.
We package it
We build the loan package, including the business plan and projections lenders ask for.
Lenders compete
We take it to the SBA lenders that fit from our network of 50+, and you choose the best offer.
We close it with you
We handle lender questions and keep the deal moving through closing.
Already Have An SBA Loan Offer? We Match Or Beat It.
Send us the written term sheet. We take your deal to our 50+ SBA lenders and match or beat the rate and lender fees, or we tell you to take the offer you have. How the guarantee works
Documents You Will Need
Having these ready speeds everything up. We help you gather anything missing and send it to lenders in one clean package.
- 3 years of business tax returns
- 3 years of personal tax returns for each 20%+ owner
- Year-to-date profit and loss statement and balance sheet
- Current business debt schedule
- Last 3 months of business bank statements
- Articles of organization or incorporation
- How you will use the money
Recent Deals We Closed
Real loans we placed. Borrower and lender names are kept private.
Design-Build Outdoor Living Company
10% down + seller note + SBA Express line of credit
Employee Survey & HR Consulting Firm
10% down + $75K line of credit
HVAC Services Company
Refinance and working capital for an established business
What Borrowers Say
Without Ishan’s guidance, persistence, and expertise, I do not believe I would have closed my deal.
Many a loan broker couldn’t get our deal over the line but Ishan said he could and he delivered 110%.
Ishan is phenomenal. He guided me through the SBA process, connected me to multiple lenders, and ultimately drove to a deal at much better terms than I expected.
Frequently Asked Questions
How much can I borrow for working capital?
Standard 7(a) loans go up to $5 million. The amount depends on your cash flow and how you will use the money.
How long can a working capital loan last?
Up to 10 years for working capital and inventory. Equipment can go longer if its useful life supports it.
Do I need collateral?
Lenders take available business assets as collateral. SBA does not decline a loan only because collateral is short.
Can I refinance debt and get working capital in one loan?
Yes, if the debt being refinanced meets SBA’s refinancing rules. See our debt refinancing page.
Is there a faster option for smaller amounts?
Yes. SBA Express loans go up to $500,000 and lenders with Express authority decide them in-house.
What does GoSBA cost?
Nothing. The lender pays us after closing.
Other SBA Loans
Also see: Closed Deals · Our Team · Reviews · Pre-Qualification Letter
Get Started On Your SBA Loan
Tell us about your deal. An SBA loan broker reviews it and gets back to you within one business day.
Thanks, we got it.
A senior advisor will reach out within one business day with next steps.