Small Business Administration (SBA) Loans
It takes imagination and big dreams to run a business.
SBA Benefits Can Make Real Difference for Small Businesses.
Why do so many small business owners turn to SBA loans instead of conventional financing? The SBA benefits are hard to beat:
- Lower down payments than most conventional business loans
- Longer repayment terms that improve monthly cash flow
- Competitive interest rates backed by SBA guarantees
- Flexible use of funds for acquisitions, equipment, real estate, and working capital
- No prepayment penalties on loans with terms under 15 years; prepayment fees may apply on long-term loans of 15+ years
- Access for businesses that might not qualify for traditional bank financing
Spending less time on the SBA loan process means more time focusing on what matters most — growing your business.
Contact UsNamed 2024 Online Lender of the Year by Coleman Report
SBA Loan Programs
SBA 7(a) Loan
Key benefits:
- Loan amounts up to $5 million
- Terms up to 10 years for business acquisition, working capital and inventory, equipment or tenant improvement
- Terms up to 25 years for real estate
- Flexible collateral options
Best for:
- Business acquisition
- Equipment
- Debt refinance, working capital and inventory
- Tenant improvement, partner buyout
- For-profit businesses
- Owner-occupied commercial real estate purchase
SBA Express Loan
Key benefits:
- Loan amounts up to $350,000
- Credit decisions made in as little as 48 hours
- Offered in the form of term loans or lines of credit
- Flexible collateral options
- Long- or short-term operating capital
Best for:
- Refinance
- Smaller construction projects; renovations
- For-profit businesses
- Furniture, equipment purchases
Why Choose an SBA Preferred Lender Like First Internet Bank?
More efficient SBA loan process.
As a preferred SBA lender, the loan process is faster and the amount of paperwork is reduced.
Finding what’s right for you.
Our team of expert SBA lenders has experience and understanding across a wide range of industries needed to create an SBA loan package unique to your specific needs.
A true partnership.
Simply put, our team is passionate about creating and delivering financial solutions to help your business grow.
Ready to connect?
Contact UsSBA Testimonials
Don’t just take our word for it.
To us, nothing is better than a satisfied customer. Here’s what several of our clients have to say about First Internet Bank.
Read MoreClient Spotlight
Contact us
Ready to get started?
Let’s talk! We want to discuss your business goals and help make them a reality. When you’re ready to learn more about the SBA loan process and the loan that would work best for you, we’ll be here to work with you every step of the way!
Read SBA FAQs
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A step-by-step guide to First Internet Bank’s SBA Loan process.
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