Good terms. Great rates. Meet accessible, growth-friendly financing ready to flex for whatever you need next.
Good terms. Great rates. An SBA loan gives your small business accessible, growth-friendly financing — backed by the U.S. Small Business Administration and ready to flex for whatever you need next.
A SBA Loan is a business loan guaranteed by the Small Business Administration (SBA). While these loans are issued by banks, private institutions or local firms, they are guaranteed or insured by the SBA to reduce risk on lenders and make them more available to you.
Long repayment terms – up to 25 years
Can be used for most business purposes
Backed by an SBA guarantee for easier approval
Is an SBA Loan right for me?
What can an SBA Loan be used for?
SBA loans are flexible: use the funds for expansion, working capital, construction costs, debt refinancing, or purchases including land, equipment, and supplies — even buying an existing business.
Do I qualify for an SBA Loan?
SBA loans have specific requirements for credit score, time in business, cash flow, and documentation — but 1West is here to help you navigate them. See the SBA loan requirements below for details.
What types of businesses typically apply for SBA loans?
The most common are SBA 7(a) loans for general business needs and working capital, SBA 504 loans for real estate and major equipment, and SBA microloans for smaller funding amounts. 1West helps you match the right SBA loan type to your goals.
More accessibility
Guaranteed by the SBA and often available for small businesses that don’t qualify for typical bank loans.
Small-business friendly
One of the lowest-cost small business loans on the market, with favorable SBA loan rates and longer payback terms.
Flexible funds
Expand, refinance or make purchases including land, equipment, supplies — even existing businesses.
Cultivates credit
Build and improve your FICO score to unlock more future lending options on better terms.
SBA loans can be paperwork-intensive, but 1West’s experts specialize in streamlining your application for faster processing and approval. As one of the lowest-cost financing options on the market — and often available to small businesses that don’t qualify for a conventional bank loan — an SBA loan can also help build your credit and improve your access to funding in the future.
Advantages
Favorable rates and longer term options
Multiple loan types to fit your business
Offer monthly payments, fixed rates, special-case principal forgiveness
SBA loan requirements
650 minimum FICO credit score
3+ Years in business
Loans over $350,000 require real estate collateral
Documents you'll need to apply for an SBA loan
Last 6 Months of Business Bank Statements
Business Debt Schedule
2 Years Business Tax Returns
Interim YTD Financials (Profit & Loss Statement & Balance Sheet)
Let’s get down to small business.
There’s the 1West way to get smart financing fast, and there’s everything else. We believe in your small business, and we believe in our approach. No nonsense. No surprises. Just expert guidance from start to finish.
“As a growing company, we need financing to maintain cash flow in order to cover a variety of business expenses. We are very grateful to 1West for providing short-term financing solution to us when we need it the most, helping us to improve our cash flow and grow our business further.”
Please go to apply.1west.com to apply and get options with a few clicks of a button.
What are the longest terms I can get for my loan?
Terms are based on overall business profile, however, 1West’s ABLE platform can offer up to 25 years where applicable.
What are the minimum requirements to apply for financing at 1West?
Completed Application
3 Months of Business Bank Statements
$10,000 in monthly revenue
3 Months in Business
Will a low credit score affect my chances of being approved?
While a low credit score may limit your financing options, 1West has the ability to get you financing within our ABLE platform.
What are SBA loan interest rates?
SBA loan rates are typically tied to the prime rate plus a lender spread, so they move with the market. SBA loans remain among the lowest-cost financing options available to small businesses. 1West will show you the current rate you qualify for when you apply.
How much can I borrow with an SBA loan?
Through 1West, SBA loan amounts range from $30,000 up to $5 million, with repayment terms as long as 25 years depending on how the funds are used and your business profile.
How soon will I have access to my money after I’m approved?
Depends on the financing product and partner that you are paired with, however, we estimate it would take anywhere from 24-72 hours to receive the capital from receipt of initial required documentation. For our SBA product, it can take several days longer than that.
