Services / SBA Loans
SBA Loans
Small Business Administration or SBA loans are loans offered and backed by the federal government to assist businesses in times of need.
- Up to $5,000,000
- Loans backed by the federal government.
- Terms up to 25 years
- Longer terms keep monthly payments lower.
- Rates capped by the SBA
- Tied to prime, with a maximum set by the SBA.
SBA loan programs
The SBA doesn’t lend the money itself. It guarantees a large part of the loan, which lets lenders offer longer terms and lower payments than most business loans. There are four main programs, each built for a different need.
New in 2026: you can combine a 7(a) and a 504 loan for up to $10 million in total. Delta Capital works with clients to find the right SBA loan product and helps them qualify.
SBA 7(a) loans
The SBA’s main loan and the most flexible. Borrow up to $5 million for almost any business need.
Use it for
- Working capital and inventory
- Equipment
- Buying a business or a partner’s share
- Buying or building real estate
- Refinancing business debt
- Leasehold improvements
Prepayment: no SBA prepayment fee on loans under 15 years. On longer loans, prepaying 25% or more in the first three years costs 5%, 3% or 1% of the amount prepaid.
SBA 504 loans
Built for buying, building or renovating the property your business operates from, and for major equipment. A fixed rate and as little as 10% down.
Startups and special-purpose buildings may need 15% to 20% down. 504 loans can’t be used for working capital, inventory or buying a business’s goodwill.
SBA Express
$500KmaxA faster version of the 7(a) loan, including revolving lines of credit. The lender makes the decision without waiting on the SBA, so approvals move quicker. The SBA guarantees 50%, and the same rate caps apply.
SBA Microloans
$50KmaxMade through nonprofit community lenders for startup costs, inventory, supplies, equipment and working capital. Rates usually run about 8% to 13%, with terms up to 7 years.
Who qualifies
- A for-profit U.S. business that meets the SBA size standard for its industry
- Enough cash flow to repay, plus reasonable owner equity
- Good personal credit. No official minimum, but most lenders look for the high 600s or better
- Every owner with 20% or more personally guarantees the loan
- Since March 1, 2026, all owners must be U.S. citizens or nationals living in the U.S.
Some businesses can’t use SBA loans, such as lenders, passive real estate investors and gambling businesses.
What you’ll need
- Business and personal tax returns for the last 2 to 3 years
- A year-to-date profit and loss statement and balance sheet
- Recent business bank statements
- A list of your current business debts
- A copy of your driver’s license
- For a business purchase or startup, a business plan and deal details
Need money sooner?
SBA loans have some of the best terms around, but they take weeks to months. If you need funds in days, these can bridge the gap.
Check your rate
Send a few details and your bank statements. A funding advisor will reach out.
Or call (877) 230-1525- 01Fill out the form
Your contact info and your last 3 months of bank statements.
- 02We review it
A funding advisor goes over your numbers.
- 03You get your options
We call you to walk through what you qualify for.
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Common questions
How much can I borrow with an SBA loan?
Up to $5 million through the 7(a) program and up to $5 million through 504 ($5.5 million for manufacturers and energy projects). Since July 2026 the two can be combined for up to $10 million. SBA Express goes up to $500,000 and Microloans up to $50,000.
What are SBA loan rates right now?
SBA rates are tied to the prime rate, which was 7.00% in October 2026. The SBA caps 7(a) variable rates at prime plus 3% to 6.5% depending on loan size, so roughly 10% to 13.5% at most. 504 loans carry a fixed rate on the SBA portion, about 7% in October 2026.
What is the difference between a 7(a) and a 504 loan?
A 7(a) loan is the all-purpose option: working capital, buying a business, equipment, real estate or refinancing. A 504 loan is only for owner-occupied real estate and major equipment, but it comes with a long fixed rate and as little as 10% down.
How long does an SBA loan take?
It depends on the program and the size of the loan. SBA Express decisions can come quickly, while larger 7(a) and 504 loans usually take several weeks to a few months from application to funding.
Who is eligible for an SBA loan?
For-profit U.S. businesses that meet the SBA size standards for their industry, show they can repay, and put in reasonable owner equity. Owners with 20% or more must personally guarantee the loan, and since March 2026 all owners must be U.S. citizens or nationals living in the U.S.
Can I prepay an SBA loan?
Yes. Loans with terms under 15 years have no SBA prepayment fee. On 15-year-plus loans, paying off 25% or more in the first three years carries a fee of 5%, 3% or 1% depending on the year.