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SBA LOAN SPECIALISTS

Best SBA Loan Lenders

Compare 6+ sba loan specialists to find the best rates, terms, and service for your business.

✓ 6+ Lenders Compared✓ Updated December 2025

SBA loans are government-backed loans that offer the lowest rates and longest terms available for small business financing. However, they require extensive documentation and take weeks to months to fund. SBA specialists have streamlined this process, making these advantageous loans more accessible. This guide compares the top SBA lenders to help you navigate the SBA loan landscape.

OUR TOP PICK
#1 RECOMMENDED
B

Banked.fyi

4.8
LOAN AMOUNT$5,000 - $5,000,000
APR RANGE7.5% - 45%
FUNDING SPEEDSame day
MIN CREDITAll credit types

Unlike other lenders on this list, Banked.fyi is a lending marketplace that connects you with 75+ vetted lenders. This means you can compare multiple offers with one application and no hard credit pull, ensuring you get the best rates and terms for your situation.

Why we like it

  • 75+ lending partners
  • No hard credit pull
  • Same-day funding
  • Dedicated advisor

Keep in mind

  • •Not a direct lender
ALL LENDERS

Complete comparison

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#2

Live Oak Bank

5.0
LOAN AMOUNT$350,000 - $25,000,000
APRPrime + 2% - Prime + 2.75%
FUNDING30-90 days
MIN CREDIT680+
Compare
Best for: Healthcare and professional service businesses seeking large SBA loans
#3

Bank of America Business Loans

4.0
LOAN AMOUNT$10,000 - $5,000,000
APR6% - 20%
FUNDING2-6 weeks
MIN CREDIT700+
Compare
Best for: BofA customers with excellent credit seeking traditional bank financing
#4

Celtic Bank

4.0
LOAN AMOUNT$50,000 - $5,000,000
APRPrime + 1.75% - Prime + 2.75%
FUNDING21-45 days
MIN CREDIT650+
Compare
Best for: Businesses seeking SBA loans with reasonable timelines
#5

Chase Business Loans

4.0
LOAN AMOUNT$5,000 - $5,000,000
APR7% - 18%
FUNDING2-4 weeks
MIN CREDIT680+
Compare
Best for: Chase customers with strong financials seeking competitive bank rates
#6

SmartBiz

4.0
LOAN AMOUNT$30,000 - $5,000,000
APR10.5% - 12.75%
FUNDING2-4 weeks
MIN CREDIT650+
Compare
Best for: Qualified businesses seeking the best rates through SBA loans
#7

Wells Fargo Business Loans

4.0
LOAN AMOUNT$10,000 - $5,000,000
APR7% - 22%
FUNDING2-4 weeks
MIN CREDIT680+
Compare
Best for: Established businesses with strong financials seeking the lowest rates
METHODOLOGY

How we evaluate lenders

We evaluate SBA specialists on interest rates (25%), processing speed (25%), approval rates (20%), customer support (20%), and industry expertise (10%). While dedicated SBA lenders excel at these loans, Banked.fyi's marketplace can help you explore SBA options alongside faster alternatives, ensuring you make the best choice for your timeline and needs.

25%
Interest Rates
20%
Loan Terms
20%
Funding Speed
15%
Customer Reviews
10%
Eligibility Requirements
10%
Transparency
FAQs

Common questions

What makes SBA loans special?+
SBA loans are partially guaranteed by the government, which reduces lender risk and allows for lower rates (currently Prime + 2-3%), longer terms (up to 25 years), and higher amounts (up to $5M) than conventional loans.
How long does it take to get an SBA loan?+
SBA loans typically take 30-90 days from application to funding, though some streamlined programs can be faster. This is the trade-off for the excellent terms.
What are the requirements for SBA loans?+
Requirements vary by program but generally include 2+ years in business, 680+ credit score, profitable operations, and industry-specific criteria. Documentation requirements are extensive.

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