A Small Business Administration (SBA) loan is a business loan that's partially guaranteed by the U.S. Small Business Administration (SBA) and issued by participating lenders, usually banks. The SBA sets guidelines for loans and reduces lender risk, which encourages banks to finance businesses they might not otherwise approve.
SBA Loans From $5K to $5.5M
Borrower Criteria
| Required | Preferred | |
|---|---|---|
| Time in Business | Startup | 5 Years |
| FICO | 600 | 660 |
| Monthly Revenues | $5k | $15k |
| Entity Structure | N/A | LLC / Corporate |
Terms
| Amounts | Up to $5.5M |
| Term Length | 10 - 30 Years |
| Payment Frequency | Monthly |
| Closing Time Frame | Pre-Approval within 48 Hours |
| Credit Pull | Soft |
Documentation
| Basic credit application |
| Copy of credit report |
| SBA prequal application |
| Government issued photo ID |
| Voided check or bank letter |
| Last two years of filed tax returns |
Benefits
| Funding within 14 days |
| Options with no prepayment penalties or monthly fees available |
| Options with no bank statements requirements available |
*** All files are subject to full underwriting & qualifications specified by each bank. There can be no assurance that any applicant will be approved and that credit will be offered.***
Quick & Reliable
Legal Notices
Working hours
- Mon - Fri
- -
- Sat - Sun
- Closed
Address