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An SBA loan is a partially, government-backed loan with long terms and low interest. The payment frequency is done monthly and is made available to businesses that have been established for at least 2 years. Although it isn’t always required, some collateral may be needed on a case by case scenario.


An SBA loan is issued by a lender or alternative financing company, like Accel, that is partially back by the U.S. Small Business Administration. There are many types of programs through the SBA including 7(a) loans, CDC 504 loans, microloans and disaster loans. Not all lenders participate in SBA programs, either. Accel offers the 7(a) option, the most common program, to business owners. Loan applications are specifically designed to determine eligibility to receive the SBA guarantee. If you are approved, it takes anywhere from 30- 60 business days for it to solidify and for you to receive the funds.


To qualify your business, we take a look at the application, business financials, ownership and affiliations, business license, income tax return, business lease and an overview of the history and challenges of the business. Once we receive this information we can easily tell if you are qualified and get started on the SBA loan process. We take a look at financials to confirm your business cash flow can support the loan’s repayment. There can be no bankruptcies on the business in the past 3 years or defaults on previous government back loans.


7(a) loans have a maximum amount of $15 million but average around $350,000. Loans guaranteed by the SBA are calculated a fee based on the loan amount and maturity. The average fee is usually around 3% of the dollar amount guaranteed. Rates can be as low as 2.25%. Fees and rates truly depend on the amount and the lender.

You may be required to provide additional information as to why you need the funds. Each SBA loan is specifically tailored to your business. SBA loans are meant to be used for seasonal financing, real estate, equipment or long-term capital.

Quick Application


  •    Loan amounts up to $15 million
  •    Terms up to 10 years
  •    Rates as low as 2.25%
  •    Monthly payments


  •    May require collateral
  •    Time in business must be at least 2 years
  •    No recent bankruptcies or liens