Is Fast SBA a lender?
No. Fast SBA is not a lender and does not make credit decisions. We connect small business owners with independent SBA loan advisors who help them prepare and route applications to SBA-approved lenders.
What does it cost to use Fast SBA?
Nothing. Getting pre-qualified and matched with an advisor is free for borrowers.
What credit score do I need for an SBA loan?
There is no single SBA minimum. Most lenders look for a personal credit score of roughly 650 or higher, and stronger scores get better terms. An advisor can tell you where you stand before you apply.
How long does SBA loan approval take?
It depends on the loan type and how prepared your application is. A complete, lender-ready package moves much faster – often a few weeks – while incomplete applications can stall for months. This is exactly what an advisor helps you avoid.
Can a startup get an SBA loan?
Yes. Startups can qualify, especially through the 7(a) and microloan programs, but lenders will look harder at your experience, business plan, projections, and down payment.
What can SBA loan funds be used for?
Working capital, equipment, inventory, commercial real estate, business acquisition, and refinancing existing business debt, depending on the program. Funds cannot be used for personal expenses or passive investment.
Do I need collateral?
For larger loans, lenders typically require collateral such as real estate or equipment. A lack of collateral by itself does not automatically disqualify you if the business cash flow supports repayment.
What is the difference between a 7(a) loan and a 504 loan?
7(a) loans are general-purpose loans up to $5 million for working capital, equipment, real estate, and acquisitions. 504 loans are fixed-rate loans for major fixed assets like real estate and large equipment, structured with a bank, a Certified Development Company, and a borrower down payment of at least 10%.
What does an SBA loan advisor actually do?
Reviews your business and goals, tells you which SBA programs fit, helps you assemble financial documents, strengthens your application, and connects you with lenders who fund businesses like yours.
How do I start?
Fill out one short form. It takes a few minutes, costs nothing, and there is no obligation to move forward.