Small Business Administration (SBA) FAQs
KeyBank has been an SBA Preferred Lender for over 20 years and has helped countless small businesses get funding. Our team of SBA Specialists is dedicated to helping you apply for a loan. Here are answers to common questions about SBA loans.
After an SBA credit application is approved, KeyBank provides the loan and the SBA guarantees a portion of it. This guarantee is important because it gives banks an incentive to loan money to small businesses that might not qualify for traditional loans. The loan helps the small business fund and expand their company.
SBA loans offer funding for specific small business needs, as well as real estate purchases and operating capital. SBA loans include longer terms, more flexible repayment options, lower down payments and improved cash flow compared to conventional loans.
KeyBank is one of the country’s top lenders to small business and we’ve been consistently recognized for our dedication to SBA programs. KeyBank has held the Preferred Lender designation since 1997.1
Loan rates will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit history and amount of credit requested. Please talk to a local banker for information on the most current rates.
Source: U.S. Small Business Administration (SBA) from August, 1997 to September, 2020.
All credit products are subject to credit approval. SBA loans subject to SBA eligibility.
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