Business Loans, Financing, and Lines of Credit up to $5 Million
The U.S. Small Business Administration helps to fund small business owners through SBA Loans. This government agency has multiple SBA funding programs and are able to provide SBA loans of up to 85% of the loan amount provided through an SBA-approved lender.
HOW IT WORKS?
The money borrowed through their 3 main lending programs can go towards nearly any business purpose- such as working capital, purchasing inventory or equipment, refinancing existing debts, or buying real estate.
A multitude of business, including small or newer ones, can qualify for an SBA Loan. This type of loan is tailored for businesses with a strong borrowing history and credit score. Applying and getting approved for an SBA loan is no easy task as much time, preparations, energy, and documentation must be made and prepared to get approved.
Therefore, you should not believe a lender who says they are able to get you this type of loan today. The difficulty with qualifying for an SBA loan is having the adequate credit to back up your business. If you have a poor credit or a limited track history it will be more difficult to receive this type of loan.
Voided Business Check
Profit & Loss Statement
Business Tax Returns
Personal Tax Returns
Business Debt Schedule
- Low Down Payment
- Long Payment Term
- Competitive Interest Rates
- Wide Range of Business Purposes Accepted
- Lengthy Paperwork
- Longer Approval Times
- May Require Collateral
Having one of the lowest interest rates, SBA loans are known as the holy grail of business operating capital. Even though their approval is not easily acquired, Sutton Funding has been able to successfully secure these loans. We will help you understand how this product works, its eligibility requirements and to know if this loan is the right fit for you.