- Loan amounts up to $5 million
- Long repayment terms, often up to 25 years for real estate
- Can be used for working capital, equipment purchases, or debt refinancing
- Low down payment requirements
- Competitive interest rates
Access the capital you need to expand, innovate, and succeed.
U.S. Small Business Administration (SBA) lending offers competitive rates, longer repayment terms, and lower down payments compared to traditional loans. These government-backed loans are ideal for small to mid-sized businesses looking to grow. As a Preferred SBA Lender, Alerus has the expertise to help determine which loan type fits your unique needs and the ability to make the SBA loan process simple and efficient.
This is the most common SBA loan and offers flexible funding for a variety of business needs, from working capital to refinancing debt.
Designed for purchasing or improving fixed assets like real estate or equipment, the SBA 504 loan offers long-term fixed rate financing.
A revolving line of credit providing fast access to working capital when your business needs it most. Ideal for managing cash flow fluctuations or unexpected expenses.
Designed to meet the cyclical needs of small businesses, CapLine offers multiple options based on your business’s unique working capital needs.
Supports businesses involved in international trade, helping them compete and grow in global markets.
Provides working capital to U.S. small businesses involved in exporting, helping to support foreign sales.
With our team of SBA experts by your side, you’ll receive personalized guidance every step of the way, from application to funding. Here’s what you can expect:
SBA loans are government-backed loans aimed at helping small businesses access financing with flexible terms. The Small Business Administration guarantees a portion of the loan, reducing the risk for lenders.
To qualify, your business must meet size and financial criteria based on SBA standards, including your ability to repay the loan. Our team will assess your specific needs to help you determine the right loan.
The process timeline depends on the type of SBA loan. While SBA Express loans may be approved within days, other loans like the 7(a) or 504 can take several weeks. Our team will keep the process moving smoothly and quickly.
As a Preferred SBA Lender, Alerus offers expert guidance and faster approvals to help you secure the financing you need. Contact our SBA lending team today to explore your options and get started on your path to success.