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Time in Business
2 Year +
$30K to $350K Refinance/Working Capital
$500K – $5MCommercial
Real Estate Loan Program
650 + FICO Score
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How an SBA Loan could get your business to explode!
Quickly within 5 Minutes
No Impact on Your Credit Score
Complete loan packages:
As soon as we receive ALL the above, we will have a pre-approval for you quickly. Incomplete submittals will create a delay in pre-approvals. We will then reach out to you with the loan status and any additional items needed. If all the paperwork is submitted, it can take seven business days to fund, and funding typically is completed within 4 to 6 weeks.
Call us at 888-456-9223 for a free consultation to find the best fit for your small business loans at the best rate and terms.
In the case of the SBA loan program, we approve up to 20% of your total sales, making it a viable alternative for firms with a 680+ FICO score that require a large quantity for expansion.
The SBA-Guaranteed Loans are a great solution when you work with a preferred lender. If you are looking for small monthly payments, this loan goes out for ten years.
The Small Business Administration is a Federal Agency that partially guarantees these loans and provides additional assistance.
*with all paperwork submitted.
The most significant deterrent is the requirements. They are tough, and there is a ton of paperwork, and my guesstimate is that you will invest hours in gathering it all together.
On top of that, you must meet the lender’s underwriting criteria. It is common for the funding to take up to a few months. Combine that with the fact that certain businesses are ineligible. We offer a quick start loan, with 5-minute pre-approvals and funding in weeks and not months.
This loan does have Personal Guarantees (PG) – that is how you receive the low-interest rate. You must have personal collateral and assets to pledge, plus have “skin” in the game. Assets can include residential or commercial real estate, equipment, and cash equivalents like money market, savings account, or checking account.
SBA debt consolidation loans are a great option. Imagine significantly reducing your payments. Those massive, unwieldy debts that crush cash availability and make day-to-day operations challenges can be a thing of the past.
This financing option is for you if you need working capital and hate short-term and high-interest loans.
Here are six quick ways you can use the capital provided by an SBA loan. They include:
Do you know the four critical steps to apply for a Small Business Administration loan offered by banks and alternative SBA-preferred lender and lenders like Sunwise Capital through the Small Business Administration?
If not, this guide will give you an overview of the process.
Here are the steps you need to take to apply for the SBA’s most popular SBA business loans: the SBA 7a loan program.
You will also find the details you need to secure an SBA 504 loan for your business.
For the SBA’s financial partners to approve your small business loan application, you will need to provide ample proof that you can comply with the terms of your business loan agreement. For you to do that, you need the following:
Aside from these requirements, your company must also fit into specific categories. First off, is your venture classified as a small business? According to the U.S. Government, your company should have no more than 500 employees.
With your requirements, you next must find the banks or lenders that offer small business loans through the SBA program.
Sunwise Capital deals directly with a nationwide top 5 preferred SBA Lender. This lender specializes in SBA 7(a) and SBA 504 loans.
There is no shopping, and you are dealing direct.
The SBA website has an easy-to-use bank search function that you can use for this purpose. There are more than 100 small business lenders listed.
Working with a lender like Sunwise Capital would be credit wise, which provides small business loans with the SBA. You will have a smoother and faster application process and a higher approval rate.
We are pros at working with small business owners like yourself. We see hundreds of loan applications per month.
According to a study done by Harvard University, the average business owner will visit 2.8 banks trying to get a loan. Save time and aggravation by coming to us directly.
You must put together different documents proving that you are qualified for the SBA loans that the lender of choice offers.
Sunwise Capital will work with you and provide you with the necessary list of documents and help you each step of the way.
You will also need a separate set of documents if you are planning to acquire an existing business.
In most cases, you must also present a comprehensive business plan outlining your financial projections for the next two years.
The forms are different from March Madness and filling out your brackets.
The SBA requires applicants to complete documents containing information about the business and the function they intend the funds to play.
Do you need to get copies of these forms? You can go to the SBA directly or Sunwise Capital if you want a hassle-free experience.
Once you complete the documents, you will speak with a knowledgeable SBA expert to guide you the rest of the way.
If you want to avoid that hassle, at Sunwise Capital, we can get you a pre-approval in under 10 minutes. Then if it makes sense, you fill out the complicated paperwork.
Most applications for small business loans with the banks take anywhere from one to two weeks for that pre-approval and many more weeks for funding.
Upon approval, you will undergo a closing process, the length of which varies depending on the terms of your loan. It is common for banks to take up to ninety days from start to finish.
Note: There is a huge advantage to working with a top alternative lender like Sunwise Capital.
If you still need to meet the SBA loan requirements or need your loan to be funded quickly, you can get approved in 24 hours with us.
We have all the information you need to get a small business loan for your business of up to $2M.
Getting approvals for your small business loans is what you want to get when you ask for them. Unfortunately, it is not that easy, especially when securing Small Business Administration Loans.
Virtually all businesses want or need more capital. This need for money is especially true with small businesses striving to survive alongside their industry’s big and mature competitors.
Whether your goal is a start-up, opening a franchise, an equipment purchase, or growing and expanding your existing business, it is worth knowing and learning about SBA Loans to finance your business venture.
Raising capital is a primary business function that helps in the financial management of your company. Knowing what SBA Business Loans offer is beneficial for survival in the dynamic business world.
SBA Business Loans are one way to raise capital targeted for small businesses. The Small Business Administration guarantees the SBA Loans; however, they do not lend the money directly to you.
Since the SBA is a government organization, it can back the lender financially and guarantee a portion of the loan. The SBA aims to hit two birds with one stone.
First, they support the needs of small businesses in need of financing.
Second, by reducing the risks of the small business lenders, such as micro-lending institutions, local banks, and community development organizations, who administer the lending.
SBA Loans are an alternative for those ineligible to get a loan directly from traditional bank lenders. The bank may pass on your loan if they perceive too much risk.
The SBA allows the bank or lender to accept and approve your loan. The banks are willing to do this when the Small Business Administration guarantees a percentage of the loan. The SBA helps in the event of a default.
These SBA loans are your target if you want a low-interest rate and varied lending options for your small business or nonprofit organization.
Getting that approval should be worth a try if this sounds appealing. Here are the basics.
7(a) is the most common. This loan helps startups or small businesses get off the ground. Established enterprises can use it to expand their operations, purchase necessary machinery and equipment, and purchase additional real estate. The guarantee is up to $5 million or 75% of the total (whichever is less), and the terms can range from 10 to 25 years.
The SBA Microloan Programs originate from not-for-profit community-based organizations with experience in lending. This program is for small businesses and nonprofit childcare centers that need funding. The minimum commercial loan is $35,000.
Please remember that this SBA loan cannot consolidate debt or purchase real estate. What this accomplishes is it does open the door for those who couldn’t meet traditional lenders’ credit standards.
If you have bad credit or less-than-perfect personal credit, check with your bank or lender to see if they will consider an SBA Loan with bad credit.
The Real Estate Loans or the SBA loan CDC/504 provides financing for business real estate loans. This 504 Loan is the SBA loan to choose if your business is looking for growth and expansion.
The Equipment Loans or the SBA loan CDC/504 provides equipment and real estate financing, the same as above.
The SBA Disaster Loan is when a company, a nonprofit organization, or a homeowner experiences damage to real estate, property, equipment, or inventory from a catastrophe or an unfortunate natural event. It assists in repairing or replacing the damaged item or property. More recently, think of the PPP loan.
The SBA Express Program is a specialized SBA loan for up to $350,000 or less that offers express loans and fast processing.
CAPLine loans is an SBA loan that provides a short-term credit line, a business line of credit with a guarantee of up to $2 Million. It specializes in several other SBA loans depending on the business cycle or purpose of the loan.
The HUBZone Program is an SBA loan designated for rural and urban development. This SBA loan comes with grants, federal or state tax breaks, and other incentives. One qualification, however, is your business’s ability to create new jobs in the community.
Features of the SBA Loans include:
The SBA Loan is not the easiest way to raise the capital required by your business, but it is one option that will help you get the necessary financing when all the other alternatives may not be at arm’s length.
Sunwise Capital stands to help you secure the financing you need. You can speak to an underwriter directly to understand your small business loan options and get the help you need to understand the alternatives available to you.
SBA lending is, in a word, “optimism.”
Small businesses and the individuals that own them are the backbones of the American economy. Whether for women or minority-owned businesses, the SBA stands to back these loans.
We support all American business and their owners.
The U.S. Small Business Administration, or SBA, allows business owners and merchants to borrow money. This opportunity comes in the form of SBA loans.
The money lent by the SBA bank or small business lender may be for any approved business purpose and must be used 100% in the company.
SBA stands for Small Business Administration.
It is a federal agency whose goal is to help and empower entrepreneurs.
It enables them to take their business ventures to the next level. It does this by offering different commercial loans. These SBA loans are advantageous to business owners who need a little help with their finances.
Typically, the SBA loan is for growth or expansion. The issuing bank must initially approve the SBA loan, and the business owner must apply for a loan according to the SBA loan program requirements.
As a result, banking institutions are more inclined to approve applications from small-scale entrepreneurs. In a nutshell, the SBA minimizes the risks for small business lenders.
Remember, the SBA does not approve loans directly, but it makes the approval process more manageable and smoother by reducing potential hazards that usually prevent banks from approving such loans.
Its main advantage is that business owners can use it to fund virtually any kind of business need. Most business owners often use the money that they get from SBA loans to increase their capital, refinance debts from other institutions, purchase better equipment and machinery, and fund the acquisition of competing businesses, to name but a few.
The payment terms offered by SBA loans are also better than the usual bank small business loan. Most entrepreneurs who can take advantage of SBA loans get low down payment options.
Payment terms are also longer, and interest rates are much lower than other small business loans.
Positives of long-term debt
What’s the downside? Completing the process is usually longer and more tedious than the standard. That is because you need to file a separate set of requirements for the SBA. As a result, the time spent doing paperwork is longer.
When dealing with traditional lending institutions, waiting for your approval is much longer. You could easily be looking at 90 days, if not more.
Problems with Long-Term Debt
When applying for an SBA loan, consider three things – your business objectives, the size of your business, and the length of time your enterprise has been in operation.
The two most popular kinds are the SBA 7(a) loan and the SBA CDC/504 loan.
The SBA 7(A) is the more traditional small business loan.
The SBA CDC/504 loans work best for entrepreneurs who need funding for general business processes, like purchasing fixed assets, including machines or real estate.
The SBA also offers a Microloan option, which perfectly suits business owners who need no more than $50,000.
To know which kind of SBA loan best suits your needs and find the SBA loan options that offer the best terms, seek advice from local bank loan supervisors or qualified business loan lenders like Sunwise Capital.
Aside from helping you determine which SBA loan will work best for your business, they can also assist you through the loan application process and the best loan type.
Sunwise Capital can also provide you with the assistance and information you need whether you are planning to apply for an SBA loan, one of our term loans, unsecured loans, or our merchant cash advances.