SBARates.com is an online directory that aggregates current SBA loan rates and financing data from over 400 active SBA lenders, allowing businesses to search and compare lenders by NAICS industry, loan program, and key metrics such as average loan amount and spread over Prime. The platform updates rates every six months and provides detailed lender activity, helping companies find suitable SBA financing quickly and cost‑effectively.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses seeking SBA financing often struggle to identify which lenders offer the most competitive rates and terms for their specific industry, leading to time‑consuming research and potentially higher borrowing costs.
Solution
SBARates aggregates loan rate and financing data from over 400 active SBA‑approved lenders and organizes it by NAICS industry. Users can filter lenders by SBA program, view average loan amounts, annual loan volumes, and typical spreads over Prime, and compare activity across lenders. The platform updates rate information every six months, providing current benchmarks that help borrowers evaluate options and negotiate better terms. By presenting this data in a searchable directory, SBARates streamlines the lender‑selection process and enables businesses of any size to make more informed borrowing decisions.
Target Audience
Primary users are small‑business owners, startups, and growth‑stage companies looking for SBA financing, as well as financial advisors who help clients source SBA loans.
Features
- Directory of 400+ active SBA lenders searchable by NAICS industry
- Filters for specific SBA programs (7(a), Preferred Lender, CAPLine, etc.)
- Average SBA loan amount, annual loan volume, and rate spread over Prime for each lender
- Semi‑annual updates to ensure rate data reflects current market conditions
- Comparison tools to assess lender activity, ticket size, and pricing side‑by‑side
- Educational resources and FAQs on SBA loan structures and pricing