These loans are guaranteed by the Small Business Administration because of this they offer some of the lowest rates on the market as well as long repayment terms and the ability to borrow up to $5 million. Repayment terms range from 7 to 25 years and are based upon how you plan to use the funds. SBA loans are best for strong credit borrowers who have been operating for 2 years and are willing to work on the long application process to expand their business or refinance debt.
Positives:
The lowest rates on the market
Loan amounts up to $5 million
Loan repayment term lengths of 7 to 25 years
Negatives:
Long application process
More qualifications required versus other options
Good fit for:
Businesses that are expanding or seeking to refinance debt
Owners with good credit that are willing to wait for funding
OUR THREE STEPS TO GETTING THE BUSINESS FUNDING YOU NEED IS SIMPLE...
Apply for Funding
Tell us about your business by completing an easy online application. There is no fee or obligation.
Fast Approval
A business funding specialist will contact you to get any additional information needed for approval.
Get Funded
Get the capital you need in as little as 48 to 72 hours so you can get back to focusing on your business.
Apply for Funding
Tell us about your business by completing an easy online application. There is no fee or obligation.
Fast Approval
A business funding specialist will contact you to get any additional information needed for approval.
Get Funded
Get the capital you need in as little as 48 to 72 hours so you can get back to focusing on your business.
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