SBA Loan

SBA 7(a) loans for $30,000 – $500,000 under this program can be used for debt refinancing and working capital.

You get great rates, long repayment terms, and low monthly payments with SBA loans under this offer. With a typical 10-year loan term and no prepayment penalty, the monthly payment on these loans is extremely competitive. In most cases, the only collateral required is a blanket lien on business assets and a personal guarantee.

NOTE: This online offer has restrictions that other SBA Loan offers do not. If you do not qualify under this offer, contact us and let us find the SBA program that can support your needs.

SBA 7(a) general eligibility
Businesses that qualify for an SBA loan under this offer are typically profitable, cash flow positive, and able to show that they can afford to make the monthly loan payments.

Key requirements for loans under this offer from $30,000 to $500,000 include:

  • Minimum 2 years in business
  • U.S. based business owned by a citizen or lawful Permanent Resident who is at least 21 years old
  • FICO of 660 or higher – get your score at Experian.com
  • GDSCR/BDSCR >1.15x
  • Minimum annual revenue requirement of $250,000
  • No outstanding tax liens
  • No bankruptcies or foreclosures in the past 3 years
  • No recent charge-offs or settlements
  • Current on government-related loans

General eligibility
2 years in business (with corresponding tax returns)
For-profit business
Proceeds: working capital, debt refinance, equipment purchases
Minimum annual revenue requirement of $250,000
Individuals owning 20% or more of business must be US citizens or legal permanent residents
Individuals owning 20% or more of business cannot work for SBA and have no felonies
The borrowing business must not have defaulted on any government-backed loans

Credit (for all individuals owning 20% or more of business)
Good personal credit – minimum personal credit of FICO 660
Business credit score (liquid credit) -155 or greater – Click Here

Public records search for business owners
No bankruptcy in past 3 years
No foreclosure in past 3 years
No open tax liens or outstanding judgments

Checklist For This Offer

What can a small business use funds on from this offer?  Eligible use of funds:

  • General working capital
  • Purchasing inventory
  • Hiring employees
  • Refinancing business debt
  • Marketing

There are several common ineligible uses of proceeds for this offer:

  • Start-up financing
  • House-flipping or real estate development
  • Refinancing personal debt
  • Construction or remodeling
  • Business acquisition
  • Floor-plan financing
  • Delinquent tax payment

If you meet the above minimum requirements CLICK HERE to complete the online application.

If you do not meet the requirements noted above please select the worksheet below to fill-out and send to us:

Business Loan

Commercial Real Estate Financing

We will work with you to find the SBA financing or other loan type that works for you. We look forward to speaking with you!

Contact info:

571-212-5179
email:  [email protected]