Loan Size: Can provide up to $5 million of capital for small businesses.
Loan Term: Have loan terms of up to 10 years for working capital and 25 years for real estate
Interest Rates: Most loans currently have interest rates between 7.75% and 10.25% (as of July 2019) depending on loan size and maturity
Loan Use: Can be used for working capital, equipment, buying a business or franchise, refinancing debt, and purchasing real estate
Credit Requirement: Typically require a credit score of around 680
Down Payments: Usually require a 10% to 20% down payment, as well as a certain amount of collateral
Timing: SBA 7(a) loans can be approved in between 1-10 days, depending on the lender
Through our platform, we can quickly and securely review information about you, additional owners and your business, including payroll filings and certifications necessary for eligibility.
Based on the information you submit, we’ll let you know if your business is eligible and the maximum amount you can access.
Securely connect your bank account, and we’ll deposit your loan amount when you’re ready.