SBA Loan Compare Chart

At ESL, we offer three great loan programs guaranteed by the U.S. Small Business Administration that can help you grow your business. Find the one that's right for you.

 
Purpose
Benefits
Who Qualifies
Loan Amounts
Financing
Terms
Pricing
SBA Fee

SBA Express Program

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Purpose

Loan for:

  • Working capital
  • Equipment
  • Real estate
Benefits
  • Streamlined process
  • Favorable terms and pricing
Who Qualifies

For-profit businesses that meet SBA size standards for their industry

Loan Amounts

Up to $350,000

Financing
  • ESL finances the loan
  • SBA guarantees 50%
Terms
  • Revolving line of credit: Up to 10 years including a term out period
  • Term Loan: Up to 10 years
  • Real Estate Loan: Up to 25 years
Pricing

Fixed and Variable Rates

SBA Fee
  • Ranges from 2.00% to 3.00% of SBA guaranteed portion of loan
  • No fee for loans at or under $100,000
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7(a) Loan Program

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Purpose

Loan for:

  • Working capital
  • Equipment
  • Real estate
Benefits
  • Favorable terms and pricing
Who Qualifies

For-profit businesses that meet SBA size standards for their industry

Loan Amounts

Up to $5 million

Financing
  • ESL finances the loan
  • SBA guarantees 85% for loans under $150,000 and 75% for loans over $150,000
Terms
  • Revolving line of credit: Up to 10 years including a term out period
  • Term Loan: Up to 10 years
  • Real Estate Loan: Up to 25 years
Pricing

Fixed and Variable Rates

SBA Fee
  • Ranges from 2.00% to 3.75% of SBA guaranteed portion of loan
  • No fee for loans at or under $100,000
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504 Loan Program

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Purpose

Loan for:

  • Land and building purchases
  • Improvements
  • Facility construction and renovation
  • Major equipment purchases
Benefits
  • Attractive long-term rates
  • Lower equity requirements
  • Higher size standards for eligibility
Who Qualifies

For-profit businesses that do not exceed $15 million in tangible net worth and whose average two full fiscal year net income is not over $5 million

Loan Amounts

Up to $5.5 million

Financing
  • Business supplies 10% equity in project
  • SBA finances 40% through a Certified Development Company
  • ESL finances 50%
Terms
  • Equipment Loan: Up to 10 years
  • Real Estate Loan: Up to 20 years
Pricing

Fixed Rates

SBA Fee
  • Approximately 2.6% of SBA portion
Apply Now