For small business owners in the United States, securing capital is often the biggest hurdle to growth. The Small Business Administration (SBA) loan program remains the gold standard for affordable, long-term financing. But navigating the SBA landscape can be complex.
At Nexa Capital Solutions LLC, headquartered in Los Angeles and serving businesses nationwide, we specialize in simplifying this process. In this complete guide for 2026, we’ll break down the types of SBA loans, eligibility requirements, and how to apply successfully.
What is an SBA Loan?
An SBA loan is a small business loan that is partially guaranteed by the U.S. Small Business Administration. This guarantee reduces the risk for lenders, allowing them to offer financing with lower down payments, longer repayment terms, and lower interest rates than traditional bank loans.
Types of SBA Loans
While there are several SBA programs, the two most popular are the 7(a) and the 504 loan programs.
1. SBA 7(a) Loan
This is the SBA's primary program for providing financial assistance to small businesses. It is incredibly versatile and can be used for:
- Working capital
- Refinancing existing business debt
- Purchasing furniture, fixtures, and supplies
- Buying real estate or constructing a new building
Maximum Loan Amount: $5 Million
2. SBA 504 Loan
The 504 program provides long-term, fixed-rate financing specifically for major fixed assets that promote business growth and job creation. It is ideal for:
- Purchasing existing buildings or land
- Constructing new facilities
- Renovating existing facilities
- Purchasing long-term machinery and equipment
Eligibility Requirements in 2026
While requirements can vary by lender, the general SBA guidelines include:
- Business Type: Must be a for-profit business operating in the U.S.
- Owner Equity: Owners must have invested their own time or money into the business.
- Credit Score: A personal credit score of 650+ is typically preferred, though some lenders may go lower with strong revenue.
- Time in Business: Generally 2+ years, though startups can qualify with a strong business plan and experience.
The Application Process
Applying for an SBA loan involves gathering documentation such as tax returns, financial statements, and a business plan. At Nexa Capital Solutions LLC, we streamline this process. Our team helps you package your application to maximize your chances of approval.
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Don't navigate the SBA maze alone. Our specialists can get you pre-qualified in minutes.
Check Your EligibilityWhy Choose Nexa Capital Solutions LLC?
While we are based in Los Angeles, we help businesses across the US and Canada secure the funding they need. Our deep understanding of the SBA lending landscape allows us to match you with the right loan product for your unique situation.
Whether you're looking to expand your operations, buy your own building, or simply need working capital to smooth out cash flow, an SBA loan is a powerful tool. Contact us today to learn more.