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.

Grow your business with an SBA guaranteed loan.

SBA 7(a) loan

SBA 7(a) loan

The 7(a) loan can help you get financing for various business purposes, such as acquiring a business, expanding an existing business, or refinancing debt.1

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SBA 504 loan

SBA 504 loan

The 504 loan provides long-term, fixed-rate financing to purchase real estate, land, or equipment, or to renovate existing facilities.1

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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.

Tell us about your business in the form below. A Popular Bank Relationship Manager will then contact you to walk you through our application process.

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Why choose Popular Bank?

Trusted partner

Trusted partner

Consult with your dedicated Popular Bank Relationship Manager who is like an extension of your business.

Personalized service

Personalized service

Experience our reliable customer service and personal care at every stage of the process.

Industry expertise

Industry expertise

Work with a dedicated member of our team who has a deep knowledge of the SBA loan program.

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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Find additional financing solutions for your business.

Equipment financing

Equipment financing

Popular Equipment Finance delivers flexible, customized financing solutions to enhance your business.3

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Real estate lending

Real estate lending

Our commercial real estate lending specialists offer tailored solutions to fuel your growth and expansion.4

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Term loans and lines of credit

Term loans and lines of credit

Our term loans and lines of credit can help you manage everyday tasks, fulfill specific needs, or purchase property.4

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Owner-occupied mortgages

Owner-occupied mortgages

Finance or refinance the purchase of property to be used by your business.4

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Business Lending Insights

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1Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms. Refinances of existing SBA loans are excluded.

2This amount combines SBA, CDC, and Popular Bank portions. The SBA’s maximum portion is $5 million for standard projects and up to $5.5 million for small manufacturers or certain energy projects. Larger loans available on a case-by-case basis.

3All financing options are subject to complete credit and underwriting review, and require application and credit approval. Rates, program terms, and conditions may vary, and are subject to change without notice. Popular Equipment Finance, LLC is a Delaware limited liability company, and a wholly-owned subsidiary of Popular Bank. All notices or other communications may be sent in writing to 5050 Lincoln Dr, Suite 400, Edina, MN 55436. Popular Bank is a NY state chartered financial institution.

4All loans and lines of credit are subject to program restrictions and credit review and approval. Rates, program terms, and conditions vary by state and are subject to change without notice. For a Business Line of Credit or Business Term Loan greater than $3,000,000, stop by one of our convenient branch locations or contact our Customer Care Center at 1-800-250-6968.