SMALL BUSINESS ADMINISTRATION LOAN
HOW IT WORKS
PRE-QUALIFICATION MEETING
We begin the SBA Loan process with a pre-qualification meeting with a live agent to get an idea of what you are looking for and to see how your file looks so you know you will make it all the way before beginning this lengthy process.
PROVIDE DOCUMENTS
We then proceed to gather all of the necessary documents in order to provide you with a Term Sheet / Approval letter.
TERM SHEET / APPROVAL
Your offer is secure once the Term Sheet is approved. This ensures that you are ready to begin the funding process!
FUNDING
We'll finish up a handful of stipulations now that your position has been approved, and then we'll be ready to fund your SBA loan!
RATE
5.25%. - 8%
SBA LOAN
QUALIFICATIONS:
TERM
10 YEARS
1 - 3 MONTHS
SBA LOANS ARE ONE OF THE BEST LOAN OPTIONS FOR A SMALL BUSINESS. IT IS A GOVERNMENT INSTITUTION LOAN WITH LONG TERMS AND LOW RATES, AN EXCELLENT OPTION IF YOU ARE WILLING TO WAIT FOR THE PROCESS.
680+
DURATION
FICO
100K - 2M
AMOUNT
PAYMENTS
MONTHLY
-
No Bankruptcies/Delinquencies
-
Min 2 Years Time in Business
-
5+ Deposits Per Month
-
No default history
-
150K + Gross Annually
BUSINESS TERM LOAN
HOW IT WORKS
PROVIDE DOCUMENTS
We begin the Term Loan process by gathering all of the necessary documents for your approval. We will then underwrite your documents, and once everything has been verified, we will proceed to provide you with your approval.
Providing you with a Term Sheet / Approval ensures that you can proceed to funding; it will also lay out the entire loan for you in black and white so you know exactly what you will be getting.
Once we've given you approval and you're happy with what you've gotten, we can move on to funding. This doesn't take long, and you can usually expect the funds to be in your account within 48 hours.
TERM SHEET / APPROVAL
FUNDED
RATE
6% - 9.5%
BUSINESS TERM LOAN
QUALIFICATIONS:
TERM
3 - 5 YEARS
5 - 14 DAYS
If you are looking for long-term funding for your small business, a Business Term loan has many advantages. The procedure is quick, and the approval procedure is straightforward.
680+
DURATION
FICO
50K - 500K
AMOUNT
PAYMENTS
MONTHLY
-
No Bankruptcies/Delinquencies
-
Min 6 Months Time in Business
-
3+ Deposits Per Month
-
100K + Gross Annually