Grow your business with an online loan backed by the Small Business Administration.

Must read: American Business Lending appears to be out of business — its website is no longer in service as of January 2020. However, we’re not sure when this happened and couldn’t find additional details online. Instead, get financing with another business loan provider today.



Min. Amount


Max. Amount


Product Name American Business Lending business loans
Min. Amount $300,000
Max. Amount $5,000,000
Loan Term 7 to 25 years
APR Up to 2.75% above Wall Street Journal prime rate
Requirements Financial statements, tax returns, business plan; if applicable real estate purchase agreement, Uniform Franchise Offering Circular and signed Franchise Agreement, information on the debt to refinance

Application Criteria

  • Must be a for-profit business
  • Independently owned
  • Located in the US
  • Prove demonstrable need
  • Owner-invested personal assets


First, do I qualify?

To qualify for a business loan from ABL, you must:

  • Run an independently owned and operated for-profit business.
    Operate in the US.
  • Meet Small Business Administration size standards.
  • Prove you’ve tried and failed to get financing elsewhere.
  • Invest your personal assets in the business.
  • Be able to show a need for the loan.
  • Not carry any existing debt with the US government.
  • Need funds for real estate, business acquisition or working capital.

What makes American Business Lending unique?

ABL is a non-bank lender that specializes in SBA 7(a) loans. SBA loans are backed by the government, meaning that the government will cover the cost if you default. It’s less risky for the lender, which means they’re typically more willing to give you a better deal on rates and fees.

ABL’s non-bank status means that it’s somewhat more flexible than banks — but getting your money could require the same turnaround. Startups and small businesses that want to expand could especially benefit from taking out a business loan with ABL, which they can use to cover real estate costs and business acquisitions or working capital.

SBA loan programs explained

What are the benefits of getting a business loan with ABL?

  • Competitive interest rates. Because its loans are backed by Uncle Sam, you’re likely to get a better deal on interest rates than on a non-SBA loan.
  • Easy application — for an SBA lender. ABL’s site may be low tech, but it’s easy to navigate and find the information you need to apply and get in touch with support.
  • Easier on startups and small businesses. ABL might have a lot of requirements, but it’s friendlier to businesses that typically have a hard time finding financing — like small businesses and startups.

What to watch out for

That ABL’s loans are backed by the government means its process can be bureaucratic. After all, if you default on your loan, it’s taxpayer money that comes to the rescue.

Here are a few potential drawbacks to consider:

  • Many fees. You have to pay a $15,000 loan packaging fee and an SBA guarantee fee to take out a loan. And if you want to pay back a loan over a term that’s longer than 14 years, you can pay up to 25% only without getting slapped with a fee.
  • Required down payment. ABL requires you to make a 10% to 30% equity injection — essentially a down payment — when you take out your loan.
  • Confusing eligibility requirements. Qualifying for an SBA loan is a lot tougher than other types of loans, and working your way through exceptions and fine print can take time.
  • Personal guarantee required. Your loan is government-guaranteed, but you could end up losing personal finances if your business can’t pay off the loan.
  • Slow turnaround time. You might have to wait as long as two months to get your funds. Consider looking elsewhere if you need fast financing

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