Compare the true costs between SBA-guaranteed loans and conventional business financing to find the best option for your business.
Compare costs, terms, and benefits between SBA-guaranteed loans and conventional business loans.
| Feature | SBA Loans | Conventional Loans |
|---|---|---|
| Interest Rates | Generally lower (9.5% - 10.5%) | Higher (varies by lender) |
| Down Payment | 10-15% typical | 20-30% typical |
| Loan Terms | Up to 25 years | 5-10 years typical |
| Approval Time | 30-90 days | 2-4 weeks |
| Guarantee Fees | 2-3.75% upfront | None |
| Collateral Requirements | More flexible | Stricter requirements |