Preferred SBA lender since 1999

Small Business Administration (SBA) Lending

SBA loans are government-backed loans which offer small businesses flexible underwriting and favorable terms. As a preferred SBA lender since 1999, our SBA experts will help find the best loan for the needs of your business.

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Key Benefits of SBA Loans

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Easier Qualifications

Get qualified more easily than with a conventional loan.

Flexible Repayment

Fixed and variable repayments available up to 25 years.

Lower Down Payments

Keep money in your pocket with lower down payment requirements than conventional loans.

The Region’s Top SBA Lender

WSFS is proud to be the region’s top SBA lender with a team of SBA loan relationship managers ready to partner with you.
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#1 SBA lender

#1 SBA 7(a) lender in the Greater Philadelphia and Delaware region in 2022.[1]
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Trusted partner

Lending experts partnering with small businesses for nearly 200 years.
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Shared goals

Small business lending solutions designed to meet the needs of your business.
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Legendary service

We Stand for Service® is not just in our name, it’s who we are.

How to Apply for an SBA Loan or Line of Credit

Step 1: Consultation

Schedule a consultation with one of our SBA experts who will partner with you to determine the best SBA solution for the unique needs of your business.

Step 2: Complete an application

After a consultation, you will gather tax and business documentation to submit an application with the help of our SBA team.

Step 3: Get a decision and funding

After your application is reviewed by our SBA team, you will receive a decision and disbursements of the loan proceeds, if approved.

SBA Loan Comparison

There are different SBA loan solutions to support the needs of your business.

SBA 7(a) SBA Express sba 504
Variable or fixed term loan or line of credit Variable or fixed term loan or line of credit Variable or fixed term loan
Maximum Loan amount

$5,000,000. The total SBA guarantee for any one borrower may not exceed $3,750,000.

$500,000

$5,000,000

$5,500,000 for manufacturers

Typical uses

Business Expansion, Acquisition/Partner Buy-out, Franchise, Start-up, CRE, Working Capital, Equipment, Construction, Leasehold Improvements

Working Capital, Small Equipment, Expansion

Commercial Owner-Occupied RE, Construction/Major renovations, Large Equipment

Financing

Provided through lender

Provided through lender

50% provided through lender, 40% through Certified Development Companies, 10% by the borrower*

Available loan terms

Up to 25 years for CRE

Up to 15 years – equipment with equal or greater useful life

Up to 10 years – any other purpose

10 years for lines of credit

Up to 25 years for CRE

Up to 15 years – equipment with equal or greater useful life

Up to 10 years – any other purpose

1st Bank Term – cannot balloon prior to 10 years – up to 25 years.

CDC /SBA loan fixed up to 25 years based on purpose

Borrower equity contribution

Minimum 10%- dependent on the purpose and credit worthiness – Buyouts may be 0%

10% minimum

10% minimum

Collateral requirement

Business assets and/or real estate dependent on loan purpose

Business assets and/or real estate dependent on loan purpose

Business assets and/or real estate dependent on loan purpose

*504 based on SBA portion of the loan
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Meet the WSFS Small Business Team

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Questions?

We’re here to help. Complete the form below to be contacted by a member of the WSFS SBA team.