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 is 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 three 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 businesses, including small or newer ones, can qualify for an SBA loan. This type of loan is tailored for companies 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 prepared to get approved.
Therefore, you should not believe a lender who says they can 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 poor credit or a limited track history, it will be more difficult to receive this type of loan.
WHAT YOU’LL NEED
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 secure these loans successfully. We will help you understand how this product works, its eligibility requirements and know if this loan is the right fit for you..