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SBA Loans To Grow Your Business
As an SBA Preferred Lender, BankUnited can provide flexible financing with lower down payments and an easier path to approval so you can enhance cash flow and focus on growth.
Experienced SBA Guidance
Acquire a Business or Franchise
Finance Equipment, Growth, & More
Refinance an Existing Loan
Flexible Terms Tailored to Your Needs
May Offer More Flexible Qualification Requirements Than Certain Conventional Loan Programs
SBA 7(a) Loan
The SBA 7(a) loan is a versatile small business loan designed to support a wide range of financing needs, from working capital to real estate.
- Long repayment terms – reducing monthly payments
- Down payments as low as 10%
- Frees up cash for expansion
- Financing available for various industries, including manufacturing, hospitality, and more
SBA 504 Loan
A smart option for major fixed assets, SBA 504 loans provide long-term financing for real estate and equipment with less equity required than a conventional loan.
- Low down payment of only 10%
- Long repayment terms – reducing monthly payments
- Frees up cash flow for growth
- Flexible rate options, including fixed rates
- Fees and soft costs may be financed
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Flexible financing options
Relationship focused support
Scalable banking tools
Additional Small Business Banking Solutions
SBA Loans FAQs
What are SBA loans?
SBA loans are small business loans partially guaranteed by the U.S. Small Business Administration, designed to make financing more accessible with flexible terms.
Contact Us to Apply for an SBA Loan
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SBA 7(a) Loan
Use of Proceeds:
- Real estate – purchase, construction, renovation or refinance of commercial real estate – majority of space must be owner-occupied; loans up to $5 million
- Business acquisition – business, franchise or professional practice; loans up to $5 million
- Machinery & equipment – purchase or refinance; loans up to $5 million
- Start-up – franchised businesses; loans up to $5 million
Terms:
- Real estate – up to 90% financing, up to 25 years, prepayment penalty for initial 3 years (none after the end of year 3)
- Business acquisition – up to 80% financing, up to 10 years, no prepayment penalty
- Refinance – up to 25 years, prepayment penalty applicable for initial 3 years on terms greater than 15 years
- Rates are based on a spread over the Prime Lending Rate (rates vary depending on the specific strengths of the transaction)
- SBA Guarantee Fee is paid directly to the U.S. Small Business Administration; amount varies based on loan/guarantee amount; other customary fees also apply
- All SBA 7a loans are fully amortized and are assumable
SBA 504 Loan
Use of Proceeds:
- Purchase, refinance, construction, or renovation of owner-occupied commercial real estate
- Purchase and installation of long-life machinery and equipment
- 50% financing – first mortgage from BankUnited
- 40% financing – SBA 504 second mortgage (provided through a local Certified Development Corporation)
- 10% minimum down payment by the borrower (15% in the case of special use properties)
Terms:
Fixed and variable rates available.
First mortgage:
- Up to 25 years, fully amortized
- Prepayment penalty applies and is set based on various factors
Second mortgage:
- 20 year, fully amortized
- Fixed rate is determined at SBA-guaranteed 504 debenture sale
*Minimum borrower equity contribution varies based on loan structure, collateral, use of proceeds, borrower experience, and SBA program requirements
Interest rates, fees, and program terms vary based on loan structure, borrower qualifications, collateral, and SBA requirements.
All loans are subject to credit and property approval. Program not available in all states. Program terms and conditions are subject to change without notice. Other restrictions, limitations and fees may apply. All loans are offered through BankUnited, N.A. This is not a commitment to lend.