The Truth About SBA Loans
SBA loans are one of the most effective (and underused) ways for business owners to secure capital for growth, expansion, and long-term success. Still, plenty of misconceptions float around that stop people from even considering this route.
At Rate Tracker, we’re here to set the record straight—and show you just how accessible SBA lending really is.
Myth #1: SBA Loans Are a Nightmare of Paperwork and Delays
We hear this all the time: “I don’t have the time or energy for all that SBA red tape.”
The Reality:
Yes, there’s a process—but it doesn’t have to be painful. The key is working with a team that knows the ins and outs.
At Rate Tracker, we’ve streamlined the experience and guide you every step of the way—telling you exactly what’s needed and when. We partner with lenders who handle SBA approvals quickly and in-house, keeping the timeline moving so you can focus on running your business.
Myth #2: SBA Loans Are Only for Tiny Businesses
Some business owners assume that SBA loans are only for very small operations or start-ups and that they’re too big to qualify.
The Reality:
SBA financing isn’t just for “mom and pop” shops. In fact, it’s designed to help a wide range of businesses—from your neighborhood cafe to a growing multi-location company.
Most U.S. businesses actually do qualify under SBA guidelines. Depending on the loan type, businesses with up to $20 million in net worth and millions in annual revenue may be eligible. Whether you’re applying for an SBA 7(a) or 504 loan, the programs offer generous caps—up to $5 million and $12 million+ respectively.
Myth #3: You Have to Own Real Estate or Collateral to Qualify
This is a common one. Many believe that no property = no loan.
The Reality:
While collateral can help, it’s not always required. SBA 7(a) loans, in particular, are designed with flexibility in mind and can often be approved based on your business’s financial performance, not what you have in assets.
Our team helps match business owners with the right SBA programs based on their needs and financials, not just what’s on their balance sheet.
The Bottom Line
SBA loans are more flexible, accessible, and useful than most people think. Whether you’re looking to expand, refinance debt, purchase equipment, or invest in your growth, an SBA loan could be the right move.
And you don’t have to go it alone. At Rate Tracker, we simplify the process, connect you with experienced lenders, and help you make smart decisions about your financing.
