Loan Programs / SBA 7(a) & 504
SBA 7(a) & 504 Loans
Government-backed financing with the lowest down payments — owner-occupied real estate, business acquisitions, franchises, equipment, and expansion.
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Terms & cost
| Loan amount | $50K – $5M |
|---|---|
| Today’s rate range | 7.4% – 10.1% updated daily · 90-day avg SOFRas of Thu, Jun 18 |
| Max leverage | Up to 90% (as little as 10% down) |
| Term | 10 – 25 years, fully amortizing |
| Typical fees | SBA guaranty fee + packaging, financed into the loan — nothing upfront, ever |
| Prepayment | None on terms under 15 years; 5-3-1 step-down on longer terms |
How is the rate set?
SBA loans price off the Prime rate, which moves in step with the SOFR benchmark shown here (live via FRED & the New York Fed). The effective spread runs 3.75–6.5% over 90-day average SOFR depending on loan size and program. When the market moves, this table moves with it.
No lengthy forms, no wasted time — just the information we need to move forward.
What happens after you submit
A complete file moves fastest. For an SBA scenario, we’ll request:
- 2–3 yrs business & personal tax returns
- Personal financial statement (SBA Form 413)
- Business plan or acquisition summary with projections
- Purchase agreement (business or real estate)
- Debt schedule & YTD P&L
SBA loan questions
What does Smply Capital charge?
A broker fee, earned only when your loan closes — depending on the deal it’s paid by you, the lender, or both, and it’s disclosed in a written broker agreement before your file goes to any lender. Nothing upfront, ever: scenario review, consultation, and evaluation are free, and if your deal doesn’t close, you don’t pay us.
Can I use SBA to buy a business or franchise?
Yes — business acquisition is one of the most common SBA 7(a) uses. Established businesses with 3+ years of revenue, and franchises on the SBA-eligible brand list, both qualify. Expect 10–20% down between your injection and any seller note.
7(a) vs 504 — which one am I?
7(a) is the flexible one: business purchases, working capital, real estate, equipment. 504 is real-estate-and-equipment specific, with a fixed-rate second mortgage from a CDC — often the better rate for owner-occupied property. Submit your scenario and we’ll place you in the right one.
How much paperwork, really?
More than any other program on this site — tax returns, financial statements, a business plan or acquisition summary. That’s the trade for 10% down and 25-year money. We package the file so it moves through underwriting cleanly, and you get the doc list within 1 business day of submitting.
I was declined by my bank — is SBA still possible?
Often, yes. Individual banks layer their own credit standards on top of SBA’s. A decline at one bank says little about the 70+ lenders we work with — many specialize in exactly the files big banks pass on.
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