Business SBA Loans

SBA Loans

For business acquisition to start up-financing, SBA loans may be the best financing choice

SBA loans are backed by the Small Business Administration (SBA), a federal agency committed to assisting entrepreneurs and small businesses. As a result, SBA loans facilitate more accessible capital acquisition and offer enhanced advantages in comparison to traditional business loans.

Advantages include:

  • No balloon payments
  • Down payment options as low as 10%, with favorable terms and pricing
  • Maximum loan amounts of $5 million
  • Facilitates easier access to capital
  • Financing available for businesses in the early start-up stage

What can I use an SBA loan for?

These loans are versatile, serving diverse purposes such as addressing working capital needs, acquiring essential business assets, obtaining owner-occupied real estate, facilitating partial or complete business acquisitions and refinancing existing debts.

  • Real Estate acquisition or refinance
  • Equipment and vehicle purchase
  • Business debt refinance
  • Leasehold improvements
  • Business renovation or expansion
  • Working Capital

Apply for an SBA Loan

Apply Online

For questions, contact Ideal CU Senior Business Relationship Specialist Josh Anderson at 651-773-2763 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Approved by SBA to provide 7(a) loans.

Business Banking