SBA programs are powerful — but the process can be daunting.
We guide you through SBA 7(a), 504, and Express loans, plus alternative programs from non-bank lenders, fintech, and specialty capital providers when SBA isn't the right fit or moves too slowly.
SBA & Alternative Loans at a glance
- Loan amounts
- Up to $5,000,000 (7a) and $5,500,000 (504 debenture)
- Term length
- 10 years working capital, 25 years real estate
- Typical pricing
- Among the lowest available to small business borrowers
- Funding speed
- 30 – 90 days; SBA Express is faster
- Credit guidance
- Typically 650+ FICO, two years in business preferred
Key Benefits
- Long terms up to 25 years
- Lower down payments via SBA
- Alternative options when banks say no
- Hands-on packaging and submission
Best Fit For
- Small businesses qualifying for SBA
- Owners purchasing real estate or equipment
- Borrowers with non-traditional profiles
- Anyone declined by their bank
Why use a broker instead of going to your bank?
SBA approvals depend heavily on how the file is packaged and which lender it goes to. We know the active SBA lenders and what each one says yes to.
Learn more about working with a brokerHow sba & alternative loans compare
We broker every product on this list, so this comparison is about fit — not about steering you toward one option.
Compared with
SBA 7(a) vs SBA 504
7(a) is flexible — working capital, acquisition, refinance, or real estate. 504 is specifically for owner-occupied real estate and heavy equipment, with a bank note plus a fixed-rate CDC debenture.
Compared with
Conventional bank loan
SBA guarantees let lenders approve borrowers with less collateral or shorter history, and offer longer terms. Conventional loans close faster with less paperwork when you already qualify.
Compared with
Alternative / fintech lenders
Alternative lenders fund in days with light documentation but cost significantly more. They are the right answer when timing matters more than rate, or when SBA criteria are not met.
SBA & Alternative Loans: frequently asked questions
What credit score do I need for an SBA loan?
Most SBA lenders want a 650 FICO or higher, and many prefer 680+. SBSS scores, cash flow, collateral, and industry all factor into the decision.
How long does SBA loan approval take?
Standard SBA 7(a) runs 30 to 90 days from complete application to funding. SBA Express can be faster, and a fully packaged file materially shortens the timeline.
What can SBA 7(a) funds be used for?
Working capital, equipment, inventory, business acquisition, partner buyouts, debt refinance, and owner-occupied real estate. It is the most flexible SBA program.
Do I have to be turned down by a bank first?
No. That is a common myth. SBA requires only that credit is not available elsewhere on reasonable terms — your lender documents that, not you.
Are startups eligible for SBA loans?
Yes, though startups face tighter scrutiny. Strong industry experience, a detailed projection package, and a larger equity injection of roughly 20% to 30% make approval realistic.
What if I don't qualify for SBA?
We move the file to alternative and specialty lenders — revenue-based, asset-based, equipment, and factoring programs that underwrite differently and fund much faster.
More answers on the business financing FAQ and in the commercial lending glossary.
Other financing solutions
Working Capital Loans
Cover payroll, inventory, and day-to-day expenses with flexible short-term capital.
Commercial Real Estate Loans
Purchase, refinance, or build commercial properties with structures matched to your project.
Bridge Loans
Move quickly on opportunities while you arrange long-term financing.
Ready to explore sba & alternative loans?
A 15-minute conversation is all it takes to know if this is the right fit. No obligation.