Small Business Administration (SBA) Loans*
Hyperion Bank proudly partners with the U.S. Small Business Administration to help small business owners obtain financing to start or expand a business.
How is an SBA loan different from a conventional bank business loan?
The SBA does not lend money directly to small business owners, but it does set underwriting guidelines for its partnering lenders. These guidelines are intended to reduce risk for lenders and make capital for loans more accessible to the financial institutions, so that lenders like Hyperion Bank can help more small businesses start and grow their businesses.
SBA loans have unique eligibility requirements, which may vary by lender. Generally, to get an SBA loan, you must:
- Be a for-profit business
- Do business in the U.S.
- Meet the SBA's size standard for small business classification
- Have invested your own time or money into your business
- Have been unable to get a loan through other financing options.
Small businesses typically use SBA loans to fund:
- Working capital: seasonal financing, export loans, revolving credit, refinanced business debt.
- Long-term fixed assets: furniture, real estate, machinery, equipment, construction, remodeling.
SBA loan amounts may range from as low as $25,000 to much higher (maximum loan may vary by the lender and credit approval).
We can help you determine if you are eligible for a SBA loan and guide you in preparing the documentation required for underwriting. As a lending partner of the SBA, Hyperion Bank supports small businesses and is committed to fostering a successful small business community.
To learn more about SBA loans, call 215.789.4200, email firstname.lastname@example.org or visit our office for personal assistance.
*Offer of credit is subject to credit approval.