Best SBA Loans for Startups for November 2024

An SBA loan is designed to make it easier for businesses to get the capital they need to grow while reducing the risk for lenders. The most common type of SBA loan is the 7(a) loan, which can be used for working capital, real estate, to refinance existing debt, and to make purchases. You must meet certain eligibility requirements to qualify for this kind of loan.

We collected and reviewed data on 10 top lenders to compare their loan amounts, loans originated, average rates, and other key factors. We narrowed down the list to the following five best SBA loans for startups.

Huntington Bank is our top choice for Small Business Administration (SBA) loans for startups because it offers borrowers a wide range of loan amounts.