Choose a country
United States
Select a city
Select a city
Select language
Select country
Choose a country
United States
United States
Việt nam
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Apply for a US SBA's loan


How to Apply


When you request a loan, you need to meet specific criteria. For your application to be considered, your business must operate in the territory of the US. Also, your business should operate for profit and have reasonable owners equity to invest. Moreover, before you ask for financial assistance, you must first use other financial resources, including personal assets. You cannot apply for a loan if your business is related to speculation, gambling, religious organizations, financial pyramids, lending activities, or real estate investing. There is no specific minimum FICO score for an SBA loan. Each lender has its own requirements for this criteria. Usually, the minimum is in the range above 600.

Application details

The list of documents required to request a loan is quite large. You need these documents:

  • Borrower information form

  • Background and financial statements

  • Business financial statements

  • Ownership and affiliations

  • Business license

  • Loan application history

  • Income tax returns

  • Resumes, including your personal resume

  • Business overview and history

  • Business lease.

The processing time of the application depends on the lender. You will have to wait from several weeks to 90 days for a decision.

You need to click on the "Find lenders" button to apply for a loan. Then the application window will open. In this window, fill in information such as your email address, name, and phone number. You should receive an email with a PIN code that you need to enter in the field that appears in the application. Next, you fill out the information about your business.

You need to enter the name of your business and its physical address and also tell about what your business is doing. Next, enter the industry in which your business is developing and mark your business experience. Then write down the amount of the loan you expect and the purpose of using the money. Click "Submit a request". In two working days, the lender who is most suited to you will write to your email.


What happens after an SBA loan is approved?

After your SBA loan is approved, you may experience an extended window of processing time, usually somewhere around 21 days. 

Can you still apply for the PPP SBA loan 2022?

No, PPP loans ended on May 31, 2021.

How long does SBA approval take?

The processing time of the application depends on the lender. You will have to wait from several weeks to 90 days for a decision.

How long does SBA take to fund?

Up to 90 days, depending on the lender you cooperate with.

How do I know if my SBA loan is approved?

You can call or write to support to find out the status of your application.

Calculate loan payments in US SBA

US SBA calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount

Enter the desired loan amount

5000 $
5000000 $
Loan term

Specify the loan term for the calculation


What to focus on before applying for a loan with US SBA

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between US SBA and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
Your comment has been added
Your complaint has been recorded
Invalid username or password
Please log in to like/dislike
Invalid SMS code has been entered
All US SBA’s reviews by September 2022
Leave feedback

Similar companies

Mission Loans
19500 Jamboree, Suite 300 Irvine, CA 92612
Accredited Debt Relief
9525 Towne Centre Dr, Suite 100, San Diego, CA 92121
1900 S. State College Blvd, Ste 300, Anaheim, CA 92806
PO Box 10, Parshall, ND 58770
Wintrust Mortgage
9700 W. Higgins Road, Ste. 300, Rosemont, IL 60018