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United States only. These are US federal program under SOP 50 10 8, priced off two different US benchmarks: SBA 7(a) and Express track the WSJ Prime Rate plus a spread, while the 504 debenture prices off US Treasury yields when it sells, not when you sign.

Tax, Caps, fees, eligibility and the Section 179 limits all come from US statute and change with it. Outside the US the arithmetic still holds; the program, benchmarks and limits do not.

Current as of August 2026. Check the SOP before relying on a figure.

— SBA Form 413

The personal statement, and what a lender reads it for

Form 413 is required from every owner of twenty percent or more and from proposed guarantors. Owners fill it in as paperwork. A lender reads it to answer one question: if the business assets do not cover the loan, what personal real estate equity is available to take? This fills in the statement and then runs that test at the discounted values the SBA actually uses.

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Face value is not what counts — New equipment is taken at 75 percent of price, used at 50 percent of net book value, trading assets at 10 percent of book, and goodwill at nothing. On an acquisition that combination alone usually leaves the loan under-secured.
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Under-secured is normal, not disqualifying — A lender cannot decline an otherwise eligible loan solely because it is under-collateralised. If you are told the file fails on collateral alone, that is lender policy rather than the SOP.
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Your house enters on a specific test — Where business assets fall short, the lender takes available equity in personal real estate. A property with equity below 25 percent of its fair market value is not required.
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Goodwill is worth nothing here — It cannot be sold separately from the business, and collateral value is a liquidation question. That is why a $2,000,000 acquisition of a service business is never close to fully secured.
Informational only — not financial, tax, legal or lending advice, and not a commitment to lend. Collateral discounts are those set out in SOP 50 10 8, effective 1 June 2025 and current as of August 2026: improved real estate 85 percent of market value, unimproved 50 percent, new machinery 75 percent of price, used machinery 50 percent of net book value or 80 percent with an Orderly Liquidation Appraisal, trading assets 10 percent of current book value, goodwill nil, all less prior liens. Personal real estate with equity below 25 percent of fair market value is not required as collateral. SBA rules change with each SOP revision, so confirm with your lender before relying on any figure here. ExitAdviser is operated by Simplifying Calculation LLC, a Delaware limited liability company. · exitadviser.com/terms
© 2026 ExitAdviser.com —Results are estimates for informational purposes only. Not financial, tax, or legal advice. Consult qualified professionals before making financial decisions.