SBA CAPLines is an
umbrella program that offers small businesses a line of credit to meet
short-term and cyclical working capital needs. CAPLines finances up to $5
million and offers repayments terms of up to 10 years. Because it’s a line of
credit, you can use them on an as-needed basis.
SBA CAPLines Terms
- Loan amount: Up to $5 million
- Interest rates: 2.25% to 4.75% plus a base rate (Prime, LIBOR or the SBA Peg Rate)
- Repayment terms: Up to 10 years
SBA CAPLines Qualification Requirements
CAPLines applications
must meet the same requirements as the SBA 7(a) Loan requirements, including:
- Operating for profit in the U.S.
or its territories.
- Having reasonable owner equity to
invest.
- Using alternative financial
resources, including personal assets, before seeking financial assistance.
Each CAPLine program has additional specific requirements. Be sure to carefully review the application checklist to ensure that your application is correct and complete.