Small Business Administration (SBA) Lending
The recently-signed CARES Act provides approximately $2.2 trillion of fiscal stimulus including a $350 billion bank loan program for businesses, commonly called the “Paycheck Protection Program.” We’ve created a convenient online process to help businesses apply for funding. Get Started.
Your application to participate in the SBA Paycheck Protection Program is subject to confirmation and review of payroll and financial information as well as SBA approval.
As a small business owner, you’re the backbone of our nation’s economy. That’s why Synovus is proud to be an SBA Preferred Lender, partnering with the U.S. Small Business Administration to ensure you have access to the financing you need to achieve your goals.
Up to $5 million
10 to 25 years1
Our bankers are well versed in SBA requirements and can help you choose the SBA loan2 that’s right for you.
Plus, startup businesses are eligible to apply.
SBA Loan Programs
SBA 7(a) Loan
- The SBA’s most popular loan type, with loan terms typically 10–25 years
- Helps small business owners finance the purchase of property, equipment, or inventory; buy, construct, renovate, or refinance occupied commercial real estate; and refinance debt
- Provides loan amounts up to $5 million, guaranteed up to 100% by the U.S. Small Business Administration2
SBA 504 Loan
- Provides long-term, fixed-rate financing to help businesses finance major expansion or modernization projects
- Helps stimulate economic development within communities so that businesses can grow and create jobs
SBA Veterans Advantage Loan
- Designed for veterans, members of the military, and their spouses who are interested in starting or expanding a business
- Provides loan amounts up to $5 million, guaranteed up to 75% by the U.S. Small Business Administration2
- Reduces or eliminates the upfront guaranty fee for qualified veterans, depending on the amount of the loan
SBA Export Working Capital Program
- Provides advances up to $5 million, guaranteed up to 90% by the U.S. Small Business Administration, to fund export orders, export receivables, or letters of credit2
- Allows you to apply for a loan before you’ve finalized a contract, giving you peace of mind that you’ll be able to meet demand
SBA CAPLine Working Capital Loan
- Provides access to funds for anything from hiring workers to buying materials to fulfill a contract
- Advances funds using your accounts receivable (from customer credit accounts) and inventory as collateral
- Offers extended repayment terms and lower equity requirements to help you manage your cash flow and maintain business efficiency
SBA Express Line of Credit
- Offers support for business operations with loan amounts up to $500,000, guaranteed up to 90% by the U.S. Small Business Administration2
- Provides small businesses with export lines of credit to help them grow and compete in international markets
SBA International Trade Loan
- Helps new and existing business operations enter and expand into international markets
- Provides loan amounts up to $5 million, guaranteed up to 90% by the U.S. Small Business Administration2
- Terms are typically 10–25 years depending on use of the loan funds
To be eligible for SBA financing, a business must:
- Be organized for profit
- Meet the requirements of a small business as defined by the SBA (have a tangible net worth under $15 million and an average net income under $5 million after taxes for the preceding two years)
- Be in business or propose to do business in the United States, its territories, or its possessions
- Be able to demonstrate a need for the loan or line of credit
Additional eligibility requirements may apply. Please contact us at 1-888-SYNOVUS (1-888-796-6887) or visit a local branch near you to find out more.