Loan Programs

SBA Working Capital Loan

Get great rates, long repayment terms, and low monthly payments with SBA loans.

Interest Rates

5.75% – 7.5%1

Loan Amount

$50,000 – $1 million

Repayment Terms

25 years

What is an SBA Loan?

An SBA loan is a government-guaranteed small business loan that has a long-term and a low-interest rate. The Small Business Administration (SBA) is the government agency that partially guarantees SBA loans and was founded in 1953 to support small business owners across the United States.

The most common misunderstanding about these loans is that the agency lends money directly to small businesses. However, the agency typically does not make direct loans. The SBA provides a guarantee on the loan, promising to reimburse the bank for a certain percentage of your loan if you default on that loan. This guarantee lowers the risks to banks and other lenders, encouraging them to offer these loans to more American small businesses. Many banks and other financial institutions offer SBA loans, but their process, requirements, and fees can vary.

What can you use your SBA loan for?

SBA loans from $30,000 – $350,000 from banks in can be used for debt refinancing and working capital. Working capital includes operational expenses, marketing, hiring, etc. SBA loans can be used to fund new equipment purchases as well.

SBA loans can also b

SBA Commercial Real Estate loans from $500,000 – $5 million from banks in the of commercial real estate that is 51% owner-occupied.

How much do you want to borrow?

$ 250,000


Total repayment:

       $260,000After 25 years at 6% interest

Apply Now

What do you need before applying?

The best strategy to follow before you apply for these loans is to be prepared. The more readily available your documentation is, the faster you’ll move through the process.

Use the checklist to ensure you have everything required before applying.

Personal & Business Tax Returns

Banks in the network require the previous 3 years of business and personal income tax returns.

Personal Financial Statements

A Personal Financial Statement is required from each individual owning 20% or more of the company.

Profit & Loss Statement

Also known as an “Income Statement,” a Profit and Loss Statement measures a company’s financial performance over a specific period of time. This statement includes all revenue and expenses over a given period.

Balance Sheet

This statement provides an overall financial snapshot of your small business. As an equation, it looks like: Assets = Liabilities + Equity. The two sides of the equation must balance out to equal each other.

Why Halo?

At Halo, we offer unsecured working capital loans, so you will never have to worry about using your own collateral. You can get access to cash in as little as 10 business days with just some simple financial information and future receivables.

    1. SBA loans offered from banks in the
  1. We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and happens after your application is in the funding process and matched with a lender who is likely to fund your loan.