#sba-loans
SBA loan programs, requirements, and applications
A franchise resale needs franchisor approval, a transfer fee, and a lease assignment to close — verify all three plus the seller's numbers before you sign.
Business loan forbearance pauses payments for 3–6 months, but interest accrues and skipped amounts come due after — ask your lender before you miss one.
A line of credit charges interest only on what you draw; a term loan charges it on the full sum from day one. Use lines for cash gaps, loans for assets.
SBA 7(a) loans charge 5/3/1% only on 15-year-plus terms prepaid within 3 years, while 504 penalties run 10 years — run the breakeven before paying off early.
A surf school's closed months still cost $3,000–$8,000 each. Size the trough first, then cover it with a revolving line or SBA Seasonal CAPLine, not an MCA.
Yes — with lender approval. Pay off your SBA loan from sale proceeds, negotiate a short sale, or transfer it via buyer assumption.
Compilations format numbers with zero assurance, reviews add limited assurance, audits test them — match the service to your loan covenant before you pay.
The IRS is matching PPP and EIDL applications against filed tax returns. Reconcile 941s, amendments and revenue now — the fraud window runs ten years.
SBA SOP 50 10 8.1 raises acquisition DSCR to 1.25x on historical cash flow, mandates QoE at $3M+, and caps minority equity—effective October 1, 2026.
SBA Express lends up to $500,000 with a 36-hour SBA response and a 50% guarantee — faster than standard 7(a), but lenders set a higher credit bar.
The Fed raised rates to 3.75–4% on Sept 16, 2026 and prime hit 7.00% the next day: every prime-plus business line, SBA 7(a) loan and card reprices now.
SBA's proposed rule cuts 995 size standards to 338, raises some thresholds tenfold and makes ~114,000 more firms 'small'; comments close September 21, 2026.
