Small Business Financing | SBA Business, Commercial Loan Online


How much is an SBA loan going to cost you? The news here is positive – it’s tough to beat the low interest rates and long repayment terms for these loans. SBA loans tend to be the least expensive financing available to small business owners.

SBA loans come with different rates depending on the lender you work with; however, the SBA establishes the maximum amount that can be charged for these loans. ZIP-LOAN SBA loan interest rates are variable and depend on the loan amount:

5.25% to 6.50% (Prime Rate plus 1.50% to 2.75%) for commercial real estate loans $350,000 – $5 million
6.50% to 7.50% (Prime Rate plus 2.75% to 3.75%) for loans $30,000 – $350,000

As with other types of small business loans, there are several fees associated with ZIP-LOAN SBA working capital loans. Our lenders charges a one-time referral fee of no more than 2% the loan amount and a one-time packaging fee of no more than 2% the loan amount for non-commercial real estate loans. For working capital loans between $150,000 and $350,000 there is a 2.25% guarantee fee paid to the SBA. Bank closing costs for working capital loans typically add about another $317 and include standard bank fees, though additional 3rd party report charges may apply. Our lenders fees are deducted from loan proceeds so you get the net amount when your SBA loan is funded.

For commercial real estate loans, Our Lenders charge no more than a one-time 0.5% referral fee of the loan amount and no more than a one-time 0.5% packaging fee of the loan amount. Commercial real estate loans have a guarantee fee paid to the SBA between 2.25% and 2.76%, depending on the loan amount. Bank closing costs typically add about another $5,000 and include standard bank fees, appraisal, and title fees though additional 3rd party report charges may apply. ZIP-LOAN fees are usually deducted from loan proceeds so you get the net amount when your loan is funded.

Even after fees, SBA loans are vastly cheaper than the majority of alternative financing and alternative lender options. See below how these loans stack up against other small business loan options.

SBA costs and Fees !