SBA Lending Programs
Discover how our SBA-backed loans can provide the financial support your small business needs to thrive. With flexible terms and competitive rates, our SBA loan programs are designed to help you achieve your business goals.
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Why Apply for an SBA 7(a) Loan?
Lower Risk:
With a government-backed guarantee, lenders face reduced risk, making approval more attainable.
Flexible Use of Funds:
Suitable for a wide range of business needs including working capital, equipment, real estate, and debt refinancing.
Favorable Terms:
Enjoy longer repayment periods and competitive interest rates.
SBA Lending
Our skilled lending team will collaborate with you to understand your specific needs, create a tailored solution, and support you every step of the way. You'll gain from our extensive knowledge of both the 7(a) and 504 loan programs.
SBA 7(A) LOANS
Up to $5,000,000
Description
- Variable or fixed rate financing.
- Used for business expansion, acquisition, buyout, working capital or to improve company’s cashflow through lengthened amortisation such such as refinancing, new construction & equipment.
Term
Up to25 years for CRE, 10-years for business debt
Property type
Single or multi-purpose properties.
Loan to value
Up to 90%
- loan amounts can exceed standard bank loan to value rations
Geography
Nationwide
SBA 504 LOANS
Up to $10,000,000
Description
- Fixed rate financing for owner-occupied real estate or equipment recurring a low capital injection.
- Used for business expansion, acquisition or refinance of commercial real estate and equipment.
- Construction financing avaliable.
Term
Up to25 years.
Property type
Single or multi-purpose properties.
loan to value
Typically 90%
Geography
Nationwide
SBA Financing - Guaranteed by the U.S. Government
18 Wheeler is a nationally recognized preferred SBA lender, enabling us to offer efficient underwriting, minimal SBA equity injection, and competitive rates.
Customised Financing Solution:
Acquire or buy-out:
- Purchase a business
- Buy-out a partner
- Terms up to 10 years Longer for real estate
Start a Business:
- Financing of start-up leasehold improvements
- Start-up & working capital expenses
- Equipment financing
- Terms up to 10 years
Refinance:
- Consolidate business debt
- lower interest rate
- Increase cash flow
- Terms up to 25 years (subject to credit review & debt type)
Real Estate Purchase:
- Up to 90% financing
- Rent replacement specialists
- Equipment financing
- Loans up to 25 years, fully amortized
Grow Your Business:
- Remodel or expand an existing business
- Relocate or open new location
- Terms up to 25 years
Equipment Financing
- Purchase equipment
- Terms to mirror life of equipment
- Minimal capital injection
SBA Loans vs. Traditional Loans
Both traditional banks and non-traditional lenders can offer SBA loans and regular, non-SBA small business loans. Generally, SBA loans are more favorable for businesses, featuring lower interest rates, smaller down payments, and less collateral requirement. However, SBA loans often take longer to process and have a higher denial rate, whereas traditional business loans are quicker to obtain but come with higher costs overall.
Eligibility Requirements
Business Size
Typically fewer than 500 employees*. Revenue should be ess than $7.5 million in average annual receipts*
Business type and Location
Must be a for-profit business and legally registered and operating in the U.S. or its territories.
Time in Business
Ideally 2+ years, but start-ups may qualify under certain programs.
Credit Score
Generally preferred to be 680 or higher.
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