SBA loans offer the lowest rates and longest terms in commercial lending — but they take longer to fund. A conventional term loan trades a higher rate for speed.
Choose an SBA loan when the lowest possible rate and longest term matter more than speed — buying a business, owner-occupied real estate, or a major expansion you can plan months ahead.
Choose a conventional term loan when you need capital fast or want less paperwork, and you can absorb a higher rate for the convenience.
You do not have to pick blind: one application routes your file to both SBA specialists and conventional lenders, so you compare the real trade-off in rate versus speed.
On rate, almost always — SBA caps keep them low. But the longer timeline and down payment matter. If speed is critical, a conventional term loan can be the better total decision even at a higher rate.
Yes. One EQ Funding application reaches approved SBA lenders and conventional lenders together, so you see both offers side by side.
Yes. One EQ Funding application routes your file to 50 lenders covering both, so you see sba loan and conventional term loan offers side by side and choose the better deal — instead of applying separately and guessing which is more competitive.
No. Comparing offers uses a soft pull that has no effect on your credit score. A hard inquiry only happens once you accept a specific lender — so there is no downside to seeing both before you decide.
Nothing to you. EQ Funding is paid by the lender when your deal closes — never by the borrower. Because lenders compete, the winning offer is often better than what a single source would have made.
Most applicants see first offers within about 24 hours and can fund in as little as 48 hours after accepting. SBA-backed options take longer but carry the lowest rates.
Six questions. Two minutes. No effect on your credit score. Real offers from 50 lenders within 24 hours.