What Is an SBA Loan and What Can It Be Used For?

For small business owners throughout Tulsa and the surrounding communities, financing can be an important part of starting, purchasing, or expanding a business. One option you may hear your banker discuss is an SBA loan.

What is an SBA loan?

An SBA loan is a business loan made by an approved lender and partially guaranteed by the U.S. Small Business Administration (SBA). The SBA does not typically lend money directly to business owners. Instead, its guarantee can reduce some of the lender's risk and help eligible small businesses access financing.

What can an SBA loan be used for?

Depending on the SBA loan program and your specific situation, financing may be used for a variety of business purposes, including:

• Purchasing an existing business
• Buying commercial real estate
• Constructing or renovating a business property
• Purchasing equipment or machinery
• Funding certain working-capital needs
• Refinancing eligible business debt
• Supporting business expansion
• Purchasing inventory or other qualified business assets

Who qualifies for an SBA loan?

Eligibility depends on several factors, including the SBA program, the business, how the funds will be used, creditworthiness, and the borrower's ability to repay the loan. SBA financing isn't automatically the right solution for every business, which is why talking with an experienced business banker matters.

Where should I start?

Start with a conversation.

At All Capital Bank, we work with business owners throughout Tulsa and the entire country to understand where their business is today, where they want to take it, and which financing options may make sense.

Visit us at our Broken Arrow location or schedule a call with our team to explore whether SBA financing may be the right fit for your next business move.

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