Savannah, Georgia is more than a charming coastal city—it’s a growing economic hub fueled by tourism, logistics, retail, food services, and small manufacturing. From the historic district to the expanding Port of Savannah, opportunity abounds for entrepreneurs.
But to turn a business idea into reality—or scale an existing one—you need access to capital. That’s where SBA loans for small businesses in Savannah come into play.
This guide breaks down everything you need to know: loan types, eligibility, local lenders, and how to improve your chances of getting approved.
SBA loans are partially guaranteed by the U.S. Small Business Administration, which reduces risk for lenders and makes it easier for small businesses to qualify.
Lower interest rates than most traditional business loans
Longer repayment terms (up to 25 years for real estate)
Lower down payments
Support for startups, underserved groups, and rural businesses
Flexible use of funds—from equipment and payroll to inventory and marketing
Savannah-area businesses can tap into both local and national SBA resources to support their growth.
The most versatile and commonly used SBA loan.
Loan Amount: Up to $5 million
Uses: Working capital, inventory, expansion, refinancing, equipment
Terms: Up to 10 years (general); 25 years (real estate)
Interest Rates: Prime + 2.25%–4.75%
Best For: Existing businesses looking for broad funding support
Ideal for capital investments like real estate or heavy equipment.
Structure: 50% from lender, 40% from a Certified Development Company (CDC), 10% from the borrower
Uses: Land, buildings, construction, major machinery
Terms: 10–25 years
Best For: Businesses ready to buy property or expand physical operations in Savannah
A great fit for small startups and solo entrepreneurs.
Loan Amount: Up to $50,000
Interest Rates: Typically 8%–13%
Use: Equipment, supplies, inventory, working capital
Best For: Minority- or women-owned businesses, home-based businesses, and early-stage ventures
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Identify your funding need and loan type
Choose a Savannah-area SBA-approved lender
Prepare business and financial documents
Submit your SBA loan application
Wait for underwriting and approval
Accept loan terms and sign agreements
Use funds for your approved business purpose
One of the nation’s largest SBA 7(a) lenders
Streamlined, tech-friendly process
Strong local presence throughout Georgia
Offers SBA 7(a) and 504 loan options
Headquartered in Georgia with branches in Savannah
SBA Preferred Lender for faster approvals
Certified Development Company (CDC) based in Savannah
Administers SBA 504 loans and microloans
Offers business coaching and credit counseling
Choosing a local lender like SBAC or Ameris gives you access to regional knowledge and potentially more personalized service.
Operate for profit and be legally registered
Based in the U.S. (including Savannah or Chatham County)
Meet SBA size standards (based on employees or revenue)
Owner has reasonable equity invested
Business purpose must be eligible under SBA guidelines
Personal and business tax returns (2–3 years)
Profit & loss statements
Business plan (especially for startups)
Collateral information
Credit report (typically 620+ recommended)
SBAC and other community lenders may work with lower credit scores or limited collateral if other factors are strong.
Business: River’s Edge Bistro
Need: $225,000 to expand kitchen, add patio seating, and hire staff
Solution: SBA 7(a) loan from Ameris Bank + coaching from SBAC
Results:
30% increase in seating capacity
Hired 6 new employees
Boosted monthly revenue by 45%
Achieved full loan repayment in under 4 years
Takeaway: SBA loans paired with local support can empower Savannah entrepreneurs to scale strategically.
Offers SBA microloans, 504 loans, and packaging support
Business training, financial literacy workshops
Free one-on-one business consulting
Assistance with SBA loan applications and financial projections
georgiasbdc.org/savannah
Free business mentoring from experienced professionals
Workshops on SBA loans, startup funding, and business planning
savannah.score.org
U.S. SBA Georgia District Office (opens in new tab)
SBAC Savannah – Certified SBA Lender (opens in new tab)
Live Oak Bank – SBA Lending (opens in new tab)
UGA SBDC Savannah Office (opens in new tab)
| Pros | Cons |
|---|---|
| Lower rates and longer repayment terms | Application process can be time-consuming |
| Available to startups and established businesses | Some loans require collateral or personal guarantee |
| Support from local lenders and CDCs | Strict documentation and credit requirements |
| Flexible use for equipment, payroll, real estate | Not ideal for urgent cash needs |
Whether you’re opening a boutique on Broughton Street or expanding a logistics company near the port, SBA loans offer affordable, flexible funding tailored to Savannah’s business community. With strong local partners, a supportive entrepreneurial ecosystem, and access to federal programs, you can take your small business to the next level.
Ready to apply for an SBA loan in Savannah?
Connect with a trusted local lender like SBAC or Synovus Bank, or reach out to the UGA SBDC for personalized help—and secure the capital your business needs to thrive.