Ten years. Nothing pledged.
Small-dollar working capital is usually the most expensive money a business can buy — short terms, daily debits, a factor rate nobody will convert to an interest rate for you. This is the opposite of that: $15,000 to $50,000 amortized over ten years at Prime plus 6.5%, with no collateral required. The monthly payment is a fraction of a three-year loan. What it costs you is paperwork.
What ten years does to a monthly payment.
The same amount of money, amortized over ten years instead of three, against what a fast fixed-rate term loan would cost you monthly.
The gap between those first two lines is the origination fee (6.99%–10.49%). It is financed into the balance rather than paid at closing, so you make payments on it for the life of the loan.
Ten years of interest is not cheap in total — but the monthly number is what a business actually has to cover, and no collateral is pledged against it.
The same money, two structures. MicroCap costs less every month because it is spread over ten years and priced off Prime; EZ Term costs more every month and is done in three to five years, on a file that takes days instead of a paperwork package. Neither is the right answer on its own — it depends on whether the constraint is monthly cash or time.
Illustrative estimates computed from the amount you enter against published program parameters, not a quote. EZ Term: 13.99%–29.99% fixed over three to five years, with a 6.99%–10.49% origination fee financed into the balance. MicroCap: Prime plus 6.50%, variable, over ten years, shown here using Prime as of August 2026 and excluding fees from the payment; borrowing is additionally capped at 50% of annualized sales. Your rate, term and fee are set by underwriting. Qualified Commercial is not the lender. Subject to underwriting, documentation and lender approval; not an offer, commitment, or guarantee of terms.
How much you can borrow is set by your sales.
This is the qualifier most likely to change the number you had in mind, so it is worth knowing before anything else.
A business running $200,000 of annualized sales can reach the full $50,000. A business running $60,000 can borrow up to $30,000. The program ceiling and the cap both apply, and the lower of the two wins — so revenue sizes the loan rather than gating whether you qualify at all.
Eligible use of proceeds is working capital only. Not equipment, not real estate, not refinancing another loan.
Whether this fits, before you assemble the package.
Given how much paperwork the commitment stage carries, it is worth being honest with yourself against this list first.
- 660+Personal credit score for each guarantor
- 2 yrsTime in business, operating
- 1.1+Business debt service coverage ratio
- ≤ 5Owners, individuals only
- ≤ 4Active UCC filings
- ≤ 2Outstanding MCA or SBA balances
Coverage is measured on a fiscal-year-end or 12-month projection basis. EIDL, PPP and 504 loans do not count toward the two outstanding balances; where an MCA or SBA balance does count, that funding must be more than 90 days old.
The rest of the screen, in full. These are the lender's working parameters and they are applied to every file — better to know now than after you have pulled documents together.
The bank statement screen
| Measure | Limit |
|---|---|
| NSF charges or returned items, total | 2 |
| Days of negative balance, total | 5 |
| Statements with a positive adjusted ending balance | 3 of 3 |
An MCA balance counts against you here when the withdrawal is daily or weekly.
Guarantor requirements
Each guarantor must be a US citizen with a minimum 660 FICO, with no bankruptcy or foreclosure in the last three years, not presently subject to criminal charges, no felony convictions, no misdemeanour in the last five years and none involving a minor at any time, and no arrests within the last six months.
Judgments, tax and civil actions
- No open tax liens.
- No open judgments, and no open civil actions naming the borrower as defendant.
- Tax liabilities above $10,000 must be on a payment plan and paying as agreed.
- No civil action from a financial institution against the borrower or a guarantor within ten years.
Industries we cannot fund
Trucking, logistics and transportation under NAICS 48–49; auto, recreational vehicle and boat dealerships; restaurant and food service under NAICS 7225; and any industry ineligible under SBA Standard Operating Procedure. The EZ Term program carries a different exclusion list, so a business excluded here is not necessarily excluded there.
The paperwork, honestly.
This is the real trade. Nobody gives a ten-year unsecured term at a Prime-based rate on three bank statements — the documentation is what buys the terms.
- 1
Underwriting
Three months of business bank statements, one year of business tax returns, and a use of funds with assumptions and a general business questionnaire.
- 2
With the commitment letter
The SBA package: forms, a debt schedule, projections, a financial certification letter and an ACH form. This stage comes after a commitment, not before it.
- 3
Closing
Guarantor IDs and a selfie with ID, one year of personal and a second year of business tax returns, organizational documents, business licence or DBA, bank verification and tax transcripts.
The specific SBA forms, if you want to see them
With the commitment letter: SBA Form 1919 (borrower information), SBA Form 413 (personal financial statement), IRS Form 8821 (tax information authorization) and IRS Form 2202 (authorization to release taxpayer information), plus an ACH form, debt schedule, projections, a financial certification letter, and a state APR disclosure where one applies.
At closing, organizational documents means articles of organization and an operating agreement for an LLC, articles of incorporation and bylaws for a corporation, or formation documents and a partnership agreement for a partnership. Affiliate businesses require two years of business tax returns.
What it costs to close.
These are paid rather than financed, so they sit outside the monthly payment shown above.
| Fee | Applies to | Amount |
|---|---|---|
| Packaging fee | Loans $15,000 – $17,000 | $450 |
| Packaging fee | Loans $17,001 – $25,000 | $500 |
| Packaging fee | Loans $25,001 – $50,000 | 2% of loan |
| SBA guaranty fee | The guaranteed portion | 1.5 – 2% |
| Closing costs | Transcripts, credit and background reports | At cost |
If you need it faster, or need more than $50K.
MicroCap tops out at $50,000 and the SBA file takes weeks to assemble. EZ Term goes to $500,000 on three months of bank statements and a short use-of-proceeds — you pay more for that, and it closes in days.
See EZ Term LoanWhat underwriting is reading while you wait.
- SBA Financing
SBA Loan Fees and How They Are Structured
Guaranty fees, packaging fees, closing costs and prepayment charges: what each one is, who actually pays it, and which ones are negotiable.
- Banking Readiness
Debt Service Coverage, Explained for Operators
Coverage decides how much you can borrow, not just whether you can. How the ratio is built, which obligations count, and why the denominator is the faster lever.
- Banking Readiness
Read Your Own Bank Statements the Way an Underwriter Does
Six months of statements answer questions your tax return cannot. Here are the four passes an analyst makes, in order, and what each one is looking for.
The things people actually ask.
How much can I actually borrow?
Up to 50% of annualized sales, derived from your three most recent business bank statements, and capped at $50,000 regardless. So a business running $60,000 of annualized sales can borrow up to $30,000, not the full $50,000. The ceiling is the smaller of the two numbers.
What does 'Prime + 6.5%' mean for my payment?
It means the rate floats. Prime moves with the Federal Reserve, and your rate and payment move with it — up as well as down. The figures on this page use Prime as of August 2026; they are what today's Prime produces, not a fixed number you can hold us to for ten years.
If there is no collateral, what is securing it?
A personal guarantee and the SBA guaranty behind the lender. No business or personal assets are pledged as collateral, which is unusual at this size and is the main reason the paperwork is heavier — the SBA is carrying risk that an asset would otherwise carry.
Why does this take weeks when other programs take days?
Because it is SBA-backed. The commitment letter stage alone carries SBA Forms 1919 and 413, IRS Forms 8821 and 2202, a debt schedule, projections and a financial certification letter. That package is what buys you a ten-year term at a Prime-based rate with nothing pledged.
What fees are involved?
A packaging fee of $450 on loans between $15,000 and $17,000, $500 between $17,001 and $25,000, or 2% of the loan above $25,000. On top of that an SBA guaranty fee of 1.5% to 2% of the guaranteed portion, plus closing costs at cost for transcripts, credit and background reports. Unlike the EZ Term origination fee, these are not financed into the loan.
I have an existing SBA loan. Does that disqualify me?
Not on its own — the screen allows up to two outstanding MCA or SBA balances, and EIDL, PPP and 504 loans do not count toward that at all. Where a balance does count, that funding needs to be more than 90 days old.
My business is a restaurant. Can I apply?
Not through this program. Restaurant and food service under NAICS 7225 is excluded, as is trucking, logistics and transportation under NAICS 48–49, and auto, RV and boat dealerships. Those are SBA-side restrictions rather than ours, and the EZ Term program has a different exclusion list worth checking.
Find out what your statements support.
The cap is set by your sales, and your sales are on three bank statements you already have. A short call establishes the real number before you start assembling an SBA package.
All figures on this page are illustrative estimates based on stated ranges: $15,000 to $50,000 on a ten-year term. The rate is variable, quoted as the Wall Street Journal Prime Rate plus 6.50%, and the payments shown are what Prime as of August 2026 produces rather than a fixed figure — Prime moves, and your payment moves with it. The amount you can borrow is capped at 50% of annualized sales derived from your three most recent business bank statements, so the maximum shown may not be available to your file. A packaging fee of $450 on loans of $15,000 to $17,000, $500 on $17,001 to $25,000, or 2% on $25,001 to $50,000 applies, along with an SBA guaranty fee of 1.5% to 2% of the guaranteed portion and third-party closing costs at cost. These are not financed and are not included in the payment shown. This is an SBA-backed product and is additionally subject to SBA eligibility and SBA approval. Qualified Commercial is not the lender. Everything here is subject to underwriting, documentation and lender approval, and is not an offer, commitment, or guarantee of terms.