Skip to main content

5 SBA Loan Myths, Debunked

Loans from the Small Business Administration can be a fantastic way to get the money you need to buy or expand a small business or obtain working capital. SBA loans typically range from $150,000 to $5 million and come with friendly terms that help small business owners get access to financing they wouldn’t otherwise qualify for.

 

Unfortunately, there’s a lot of misinformation surrounding SBA loan programs. Some common misconceptions include:

 

  • The SBA loans money directly to small business owners
  • SBA loans are expensive
  • SBA loans are difficult to do and can take forever
  • SBA loans are for people with low credit scores
  • SBA is a subsidy and costs the taxpayers money

 

Cadence Bank has the straight story on SBA loans. Check out our infographic below — it contains these five common myths and the facts that set the record straight.

 

Keep in mind that Cadence Bank is a Preferred SBA Lender, which enables us to speed up the loan decision process. Our dedicated team of SBA loan experts is committed to helping you reach your goals.

 

Learn more - download our free eBook

 

To learn more about the SBA 7(a) loan — the SBA’s most popular loan program — download our free eBook, “Guide to the SBA 7(a) Loan.”  And when you’re ready to talk to one of Cadence Bank’s SBA loan experts, please contact us.

 

This infographic is provided as a free service to you and is for general informational purposes only. Cadence Bank makes no representations or warranties as to the accuracy, completeness or timeliness of the content in the infographic. The infographic is not intended to provide legal, accounting or tax advice and should not be relied upon for such purposes.

 

 

Questions? We are here for you.


Here are some other ways to contact us.

* To ensure your safety, please do not include sensitive information in your submission.