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Small Business Administration (SBA) Loan

Find loans guaranteed by the SBA, designed to fuel expansion and profitability when traditional financing may not be an option.
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Santander offers SBA Loans up to $1,000,0001

More of the capital you need to finance your biggest plans

Benefits of an SBA Loan compared to
conventional financing:

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Longer terms and lower monthly payments
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Less restrictive collateral requirements
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Lower down payments

A preferred SBA lender

Santander provides the expertise and experience to find the right financing solution for your business needs

  • Knowledge and expertise in SBA lending
  • Extensive experience in navigating the ins and outs of SBA requirements
  • Customized SBA Loans that meet your business unique needs
 
 
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People working on computers in an open-office environment
 
 

Small Business Administration
Loan features and benefits

Opportunity

Benefit from more flexible underwriting and repayment terms than traditional financing.

Flexible

Choose from multiple lending options for lines of credit, term loans, or real estate loans.

Terms

Longer terms available compared to traditional financing options.

Learn more about how the SBA helps small businesses at SBA.gov.

SBA Loans available for your business

 
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SBA Express Line of
Credit
SBA Express Term Loan
Standard 7(a) Loans
This loan is great for
Short-term working capital financing needs
Purchase of fixed assets, permanent working capital, refinance debt
Purchase of fixed assets, permanent working capital, refinance debt, purchase of land & building including construction/renovations
Length of Loan
Revolving line of credit for five years, then fixed-term loan for five years
Up to 10 years
Up to 25 years for Commercial Real Estate
Up to 10 years for everything else, including leasehold improvements
Size of Loan
Minimum: $10,000 Maximum: $500,000
Minimum: $10,000 Maximum: $500,000
Minimum: $500,000 Maximum: $1,000,000
One time Packaging Fee
Fee discounts available for eligible customers2
$250
$250
$250
Annual Fee
No annual fee
No annual fee
No annual fee
Collateral Requirements
Unsecured: $10,000 to $100,000 Secured: $100,000 to $500,000
Unsecured: ≤$100K
Secured: >$100K;
PMSI financed asset
Up to 90% LTV
Interest
Prime rate based: subject to SBA guidelines
Fixed rate subject to SBA guidelines
Fixed rate subject to SBA guidelines
Monthly Payment
Interest-only payments for the first five-years, then fixed principal plus interest for the remaining five-year term period
Fixed monthly payments of principal and interest, fully amortizing (no balloons to refinance)
Fixed monthly payments of principal and interest, fully amortizing (no balloons to refinance)
Time in Business
For-profit entities: at least 13 months in business under current ownership. Additional SBA approval required.
For-profit entities: at least 13 months in business under current ownership. Additional SBA approval required.
For-profit entities: at least 13 months in business under current ownership. Additional SBA approval required.
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Let's meet in person
Schedule one-on-one-time with a banker.

About Santander Loans

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Increase your chances of being approved

Make payments on time
Paying down all your business debts on time is the single most important thing you can do to maintain a good credit score.
Show positive cash flow
Lenders will want to know that your daily operations are generating enough cash flow to repay your loan over time.
Use collateral
You can increase your chances for credit approval and extension by putting up collateral to secure your loan.
Understand the requirements to apply
Before you apply for a small business loan, take some time to review your personal credit history to ensure that you are in good standing.
Make a plan for your business loan
You need to be able to explain why your business needs a loan, how you will use the money, and when you plan to pay it back.
Gather your financial and legal documents
Lenders will require you to provide financial statements and legal documents to assess if your business is healthy and credible.
Completing your application
A loan officer will work with you directly to help gather all information you ll need to prepare your loan request.
The underwriting process
Next, a team verifies and analyzes the documents submitted to determine accuracy and creditworthiness.
Loan closing
A meeting will be scheduled to review a closing checklist of all the provided documents to finalize the loan.
Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.
1All small business accounts, loans, and services are subject to individual approval and to the acceptance rules, credit limits, policies, and guidelines of Santander Bank, N.A. Small Business Administration (SBA) collateral and documentation requirements are also subject to SBA guidelines. Other terms and conditions apply. For more information on the SBA Preferred Lenders Program, connect to: https://www.sba.gov/.