SBA Loans for Georgia Businesses
Grow your business with affordable financing for working capital, real estate, and more.
Lower rates for business loans? Yes, please.
The process for applying for an SBA loan can be confusing—and competitive—but we’re here to guide you through it (and any other business help you might need). Because the SBA guarantees part of the loan, you can often borrow at a lower rate than a typical business loan. We offer both SBA 7(a) and SBA 504 loans to our business members.
Lay the foundation for growth
The SBA 7(a) program1 gives you access to working capital so you can cover your business’s operating expenses as you grow and expand. You can use your loan to acquire another business, purchase real estate or equipment, refinance your business debts, and more. Some of the benefits include:
- Longer terms of 10 years or more
- Fully amortized, with no balloon payments at the end of your term and no annual renewal requirements
- Low collateral and financial requirements, compared to bank loans
- No prepayment penalties for loans shorter than 15 years
Finance your owner-occupied real estate
You can use an SBA 504 loan1 to buy or build a commercial property for your business (or see about our commercial real estate loan). Use your loan to finance land purchases, construction costs, and equipment for your businesses that occupy the property.
SBA 504 loans offer a long-term, affordable, fixed interest rate. In most cases, you’ll make a 10% down payment, although a higher down payment may be required for limited-use facilities and businesses that are less than two years old.
Our business loan experts are ready to walk you through your options.
FAQs
An SBA loan helps small businesses that might not qualify for traditional loans. SBA loans are partially guaranteed by the Small Business Administration and can be used for many purposes, including working capital, fixed assets (real estate, equipment, furniture, etc.), or refinancing business debt.
An SBA loan offers more flexible underwriting and more favorable terms than regular business loans. SBA loans are more common for startups or businesses with weaker credit history. However, approval can take a little longer compared to traditional business loans.
To be eligible for an SBA loan in Georgia, your business must be a small business (under SBA standards), operating for profit, located in the U.S., and show a reasonable ability to repay the loan.
Most SBA loans take 30 to 90 days to receive approval.
SBA loans offer lower interest rates and more flexible terms compared to other business loans. They also have broader eligibility requirements, helping businesses who may not typically be approved for traditional business loans.
You can apply by reaching out to one of our business experts. Fill out the contact form, and someone will get in touch with you with next steps.
Explore our business loan options
Commercial Real Estate Loans
Purchase, renovate, or refinance a property for your business at a competitive rate. We finance owner-occupied buildings, investment properties, construction projects, and more.
Commercial Term Loans
Finance or refinance just about anything for your business, from equipment to leasehold improvements. We offer competitive rates and flexible terms to help your business grow.
Commercial Lines of Credit
Solve your cash-flow problems or fund a new project with a revolving line of credit. Borrow just what you need, with no interest charges until you draw the funds.
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1Business products and services are subject to approval. Restrictions apply.
