SBA Loans from $400,000 to $5 million to Grow or Expand Your Business

Balboa Capital is a top-rated business lender offering SBA loans nationwide.

Get funding to move your business forward.

There are several business growth capital options to consider for your company. These include collateral-free conventional loans from banks and credit unions and small business administration (SBA) loans issued by approved banks, credit unions, and other financial institutions. These are highly sought-after because they have high borrowing amounts, low annual percentage rates (APRs), and longer repayment terms.

If you are looking to get funding for your business, you have come to the right place. Balboa Capital, a division of Ameris Bank, is a top-rated business lender that offers SBA 7(a) and 504 loans from $400,000 to $5 million. These are two of the most widely used Small Business Administration funding options. 

  • SBA loans offered nationwide
  • Longer repayment terms
  • Lower down payments
  • Shorter turnaround times
  • One-on-one application assistance

Loans from a trusted lender.

Choosing a small business lender can be difficult because so many options are available. Some of the main things you want in a lender are experience, lending power, and reputation in the marketplace. You will feel confident knowing Balboa Capital has an A+ rating with the Better Business Bureau (BBB). Plus, we have many hundreds of verified five-star customer reviews online and one of the highest Net Promoter Scores (NPS) in the U.S. financial services industry.

Our positive reputation results from our commitment to outstanding customer service at every step of the business funding process. When you apply for funding from Balboa Capital, your single point of contact will be a friendly, knowledgeable business development manager. This individual will be available easily by phone or email to answer your questions.

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Two SBA loan options to choose from.

Each Small Business Administration loan type has its own terms and conditions and qualification requirements. Therefore, becoming familiar with the options that will best meet your business needs is a good idea. However, if you are unsure which type to apply for, do not worry.

A Balboa Capital business development manager will gladly assist you by answering your questions and explaining the 7(a) and 504 programs in more detail. That way, you can make an informed decision for your business.

sba loans, small business administration loans

7(a) and 504 loans at-a-glance.


SBA 7(a) Loan


This loan is a good option for a small business, as defined by the Small Business Administration, that does business in the United States, operates for profit, and has conveyed a need for a loan that will be used for business purposes.

Loan Amounts

Maximum loan amount of $5 million

Maximum Repayment Terms

  • 10 years for capital equipment
  • 10 years for working capital
  • 25 years for real estate acquisition

Permissible Uses

  • Starting a business or expanding an existing business
  • Business acquisitions
  • Purchase of furniture, fixtures, and equipment (FF&E), machinery, supplies, or materials
  • Long-term working capital
  • Business debt refinancing  

Rate Information

  • Variable and fixed interest rates are available
  • Variable interest rates can fluctuate based on a base rate, such as the current prime rate, which is publicly available
  • Fixed interest rates vary based on the loan amount and cannot exceed a specific percentage over the current prime rate


SBA 504 Loan


This loan is a good option for a small business in the United States that operates for profit, has a net worth of $15 million or less, and has an average net income of less than $5 million after taxes over the past two years.

Loan Amounts

Maximum loan amount of $5 million. Certain energy-efficient and manufacturing projects may qualify for up to $5.5 million.

Maximum Repayment Terms

  • 10 and 25-year maturity terms

Permissible Uses

  • Long-term, fixed assets that “promote business growth and job creation” according to the SBA (e.g., machinery or large equipment)
  • Purchase of commercial real estate or land
  • Purchase of new facilities
  • Expansion of existing operations
  • Property improvements, including streets, utilities, parking lots, and landscaping

Rate Information

  • Fixed interest rates are available
  • Fixed interest rates for the entire loan term are tied to the current 5-year and 10-year United States Treasury rates, which are publicly available


SBA 7(a) Loan


This loan is a good option for a small business, as defined by the Small Business Administration, that does business in the United States, operates for profit, and has conveyed a need for a loan that will be used for business purposes.

Loan Amounts

Maximum loan amount of $5 million

Maximum Repayment Terms

  • 10 years for capital equipment
  • 10 years for working capital
  • 25 years for real estate acquisition

Permissible Uses

  • Starting a business or expanding an existing business
  • Business acquisitions
  • Purchase of furniture, fixtures, and equipment (FF&E), machinery, supplies, or materials
  • Long-term working capital
  • Business debt refinancing  

Rate Information

  • Variable and fixed interest rates are available
  • Variable interest rates can fluctuate based on a base rate, such as the current prime rate, which is publicly available
  • Fixed interest rates vary based on the loan amount and cannot exceed a specific percentage over the current prime rate


SBA 504 Loan


This loan is a good option for a small business in the United States that operates for profit, has a net worth of $15 million or less, and has an average net income of less than $5 million after taxes over the past two years.

Loan Amounts

Maximum loan amount of $5 million. Certain energy-efficient and manufacturing projects may qualify for up to $5.5 million.

Maximum Repayment Terms

  • 10 and 25-year maturity terms

Permissible Uses

  • Long-term, fixed assets that “promote business growth and job creation” according to the SBA (e.g., machinery or large equipment)
  • Purchase of commercial real estate or land
  • Purchase of new facilities
  • Expansion of existing operations
  • Property improvements, including streets, utilities, parking lots, and landscaping

Rate Information

  • Fixed interest rates are available
  • Fixed interest rates for the entire loan term are tied to the current 5-year and 10-year United States Treasury rates, which are publicly available

Primary qualification requirements.

For-profit business physically based in the United States

For-profit business physically based in the United States

Falls

Falls under the SBA definition of a small business

Good personal credit and business credit

Good personal credit and business credit

Please note that these are just a few of the eligibility requirements. Balboa Capital determines eligibility based on other criteria, including the type of business, years in operation, and financial situation. We will provide you with a complete list of eligibility requirements.

How the process works.

There are quite a few steps involved in the process, and your Balboa Capital business development manager will remain in close communication to keep you up-to-date. If your application is approved and you decide to move forward, Balboa Capital will finalize everything, and your funds will be disbursed.

You will then make payments based on the schedule outlined in your loan agreement. Your payment will depend on the loan type, length, and the interest rate applicable when the application is approved and the necessary documentation is finalized.

two restaurant owners smiling in the dining room

Frequently asked questions about Small Business Administration loans.

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