WHAT IS A SBA LOAN?
SBA loans are a popular form financing supported by the Small Business Administration. The Small Business Administration is a federal agency focused on supporting United States small businesses and provides at guarantee up to 85% of the loan.
- Lower interest Rates
- Longer Terms
IS A SBA LOAN RIGHT FOR YOUR SMALL BUSINESS?
SBA loans are desirable forms of funding to small business owners based on their lower payments and lower cost of capital. SBA Loans do provide some limitations though such as total time to funding, extensive documentation and raised qualifying requirements. A SBA loan is not for everyone due to the extensive process but we offer many alternatives to fill the needs of all Small Business Owners.
SBA loans are our longest funding option in terms of time to fund but we walk our clients through every step.
To apply, we require:
- 660 + Fico
- No outstanding collections or open tax liens
- 2 + years in business
- Annual Revenue of $150,000 +
- Application + 3 bank statements
- Additional Documentation (talk to a specialist today to discuss)