Popular Bank is proud to be an SBA lender.

U.S. Small Business Administration loans (also known as SBA loans) are long-term small business loans partially guaranteed by the government. The SBA works with participating lenders—like Popular Bank—to reduce risk and increase the likelihood of your loan’s approval. As an SBA Lender, we are committed to the growth of small businesses. We’ll work with you to find the lending solution that’s right for your business.

Which SBA loan is right for your business?

Loan features SBA 7(a) Loan SBA 504 Loan
Uses Working capital, business expansion, equipment financing, real estate purchases, business refinancing, business start-up, and more. Real estate purchase, renovation, or construction; machinery and equipment financing; facility expansion and renovation; land improvements; and more.
Maximum loan amount Up to $5 million Up to $9 million2
Interest rates Fixed or variable interest rate that is subject to SBA maximums Fixed interest rate pegged to an increment above the current market rate for 10-year U.S. Treasury bonds
Repayment terms Up to 10 years for equipment, working capital, or inventory loan; 15 years for business acquisition and 25 years for real estate. 10, 20, or 25 years
Collateral Collateral is required for loans over $50,000. The assets being financed serve as collateral.
Eligibility requirements
  • Must be a for-profit business and located in the U.S. or U.S. territories
  • Must meet the SBA’s business size standards
  • Must have attempted to use alternative financial resources before seeking financial assistance
  • Must have reasonable owner equity to invest
  • Must be a for-profit business and located in the U.S. or U.S. territories
  • Must meet the SBA’s business size standards
  • Must have a business net worth of less than $15 million, and an average net income of less than $5 million after federal income taxes
  • Project must promote business growth and job creation

Let's make a plan to drive your business forward.

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Are you interested in an SBA loan?

Connect with a Popular Bank Relationship Manager by completing the form today, and we'll help you find the right SBA guaranteed loan for you.1

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