Compare Funding Options - Small Business Funding

SBF flexible loan types

MCA

Merchant Cash Advance

Your business qualifies for this program if it processes VISA/MasterCard sales. This simple and convenient type of funding is based on future sales and does NOT use your credit score in order to get approval. Find Out More

ACH

Unsecured Revenue Business Funding

If yours is a cash business and doesn’t currently accept credit cards. This loan program considers your business’ gross income, length of your business’ operating history and a personal credit assesment. Find Out More

SBF flexible loan types

Whether it’s for payroll, inventory, materials or expansion, Small Business Funding can help you secure the Working Capital your business needs to keep thriving. While a traditional bank loan may be more cost effective, in many cases the process can be long and tedious and decisions on approval or decline may take as long as a month or two.

Traditional loan underwriting places a lot of weight on personal credit and time in business, where alternative funding products such as a Working Capital Advance place less emphasis on these factors.

Timing: Approvals within 24 hours (in most cases), funding within 2-3 business days or sooner

Requirements: 3-4 months in business, minimum $100,000 annual revenue

Process: Submit your company’s 3 most recent months of business banking history along with our easy online application to find out what your qualified for – your dedicated Funding Manager will take it from there!

Approval Amounts: Up to $500,000

Repayment Terms: While we will give you an estimate at time of approval, terms are based on a percentage of your company’s revenue, which may fluctuate. This allows for a potential decrease in scheduled payment amount should your revenue decrease. (Please note, the payment would not increase with higher revenue)

An SBA Working Capital Loan has been referred to as the “gold standard” of loan options for small business owners. It is a government-backed loan that is partially guaranteed by the Small Business Administration (SBA), an agency of the federal government.

While these loans are harder for small business owners to qualify for due to more stringent requirements as listed below, they are truly one of the best options for those businesses looking to refinance debt, hire employees, purchase equipment, or just looking to expand.

Timing: Pre-Qualification can happen in minutes. Assuming you pass initial requirements and secure a pre-approval, expect funding to take approximately 4 weeks, and could take longer.

Requirements: 2+ years in business, verified through two complete tax returns; minimum personal FICO of 650 for ownership; you’ll need to supply business financial statements including Profit & Loss, Balance Sheet and potentially other documents as deemed necessary.

Process: Submit your company’s 3 most recent months of business banking history along with our easy online application to find out if you qualify – your dedicated SBF Funding Manager will take it from there!

Approval Amounts: $30,000 to $350,000

Repayment Terms: 10-year term, monthly payments. Rate = 8.25% – 9.25% (Prime Rate + 2.75% to 3.75%)

A Line of Credit for your business provides a very flexible option for controlling when and how much funding you take on. Once approved, you can draw as little or as much as you want up to the maximum approved amount, which ensures that you never have to pay for more money than you need. And with no prepayment penalty you can pay back whenever is feasible, potentially reducing the interest you pay.

Timing: If approved, funding can take place in as little as 24 hours, although not all business owners will have this experience. In some cases, additional documentation will be needed, which can delay funding.

Requirements: 6 months in business; minimum personal FICO of 620 for ownership; minimum annual gross revenue of approximately $300K.

Process: Submit your company’s 3 most recent months of business banking history along with our easy online application to find out if you qualify – your dedicated SBF Funding Manager will take it from there!

Approval Amounts: $10,000 to $250,000

Repayment Terms: 6 month or 12 month terms; 12% to 47% simple interest (annualized)*

*Not all will qualify, rates and terms dependent on approval.

For those that want the benefits of a more traditional loan but still need the funds in as short a time as possible, we can offer a standard Term Loan. Term Loans are slightly easier to obtain than an SBA Loan, and time to funding is faster, but maximum repayment time will be shorter and they still carry relatively strict approval requirements as indicated below.

Typical uses are for working capital, to refinance debt and to purchase equipment.

Timing: Pre-Qualification can happen in minutes. Assuming you pass initial requirements and secure a pre-approval, expect funding to take 2 to 4 weeks, and could take longer.

Requirements: 2+ years in business, verified through two complete tax returns; minimum personal FICO of 640 for ownership; you’ll need to supply business financial statements including Profit & Loss, Balance Sheet and potentially other documents as deemed necessary.

Process: Submit your company’s 3 most recent months of business banking history along with our easy online application to find out if you qualify – your dedicated SBF Funding Manager will take it from there!

Approval Amounts: $30,000 to $200,000

Repayment Terms: 2 to 5-year terms, monthly payments. Rate = 6.99% to 26.99%*

*Not all will qualify, rates and terms dependent on approval.

The Process

The application and approval process could not be any easier. We make the process painless by working directly with lenders and negotiating the most favorable rates, terms, and funding types on your behalf.

Fill our free online application form

To receive a call from one of our Loan Agents or call 1-800-742-2995. They will explain the entire process in detail, answer any questions you may have and, most importantly, provide you with realistic expectations.

SBF Review

The SBF underwriting team will review your file and quickly determine which lenders best suit your specific funding needs.

Lenders file submission

Once we identify and select the appropriate leader/s, we will submit your file for their prompt review. In most cases, they will provide a cash funding decision in less than twenty-four hours.

Final funding approval

Once funding approval is final, your money will be deposited into your bank account and your agreed upon repayment schedule will start with the lender in just days.This all happens in 24-48 hours! It is that simple!

Benefits of our Lender’s Loan Products

Unlike traditional commercial or bank loans, our lender partners offer legitimate alternatives. Banks require mass amounts of paperwork and make you jump through hoops to apply. As of March 2016, the bank loan approval rate for all small business loan applications is only 23%! The application process alone often takes weeks or months before receiving an approval. Our lender approval rate is over 90%. The following list of features and benefits of our programs are as follows:

1. No Application Fees 2. Receive cash funding of up to $500,000. 3. Quick Funding in Hours/Days. 4. No Monthly Bills to Pay – Small Daily %. 5. Perfect Credit Not Required. 6. No Need to Process Credit Cards. 7. No Hidden or Late Fees.
8. No Collateral or Personal Guarantees. 9. No Tax Returns Required (some lenders may require a tax return for funding over $50K). 10. One point of Contact for Multiple Quotes. 11. Renewals Available if Needed. 12. Repayment terms of 2 – 18 months (as determined by the lender). 13. You have complete control and discretion over how you spend your funded cash.

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