SBA Loans

What it is

SBA loans are backed in part by the U.S. Small Business Administration. That backing lowers the risk for lenders, which often means more affordable rates and longer repayment terms than other business loans.

There are a few common types. The SBA 7(a) loan is the most flexible and can be used for working capital, equipment, or expansion. The SBA 504 loan is built for major fixed assets like real estate or large equipment. SBA microloans cover smaller amounts for newer or very small businesses.

The trade-off is paperwork. SBA loans take longer and ask for more documentation than other options. Alta refers you to SBA-preferred lenders and helps you understand what each step involves so the process feels less overwhelming.

Best for

• Owners seeking larger amounts at the most affordable long-term cost
• Major investments such as real estate or expansion
• Businesses that can wait several weeks for the right terms

Typical requirements

Most lenders typically look for the following. Exact criteria vary by partner.

• Time in business: many SBA programs prefer 2 or more years
• Credit score: often a 650+ personal score, though programs vary
• A sound business plan and the ability to repay
• Documents: tax returns, financial statements, business plan, and bank statements

How the process works

What to expect

SBA loans typically take several weeks to close because of the added documentation, but the rates and terms are often worth the wait. Alta is not a lender and does not make SBA credit decisions—we refer you to SBA-preferred lender partners who handle underwriting and approval.

Final terms, eligibility, rates, and approval decisions are made by the lender partner, not by Alta Business Loans. We do not guarantee approval or specific terms.