Loan Overview:
Loan Amount: $50,000 to $150,000
Term: 10 years
Interest Rate: Variable, based on Prime
Max Loan-to-Revenue Ratio: 40% of annual revenue
Pre-qualification minimum criteria:
3+ years in business
680+ FICO score
175+ Liquid credit score
$250,000+ annual revenue
No bankruptcies (past 3 years) or outstanding tax liens
To accelerate processing, we’ve reduced the required documents:
6 months of business bank statements
1 year of business tax returns (most recent)
Current debt schedule
FOR ALL SBA PRODUCTS:
Use Of Funds:
➡ acquiring, refinancing, or improving real estate and buildings
➡ Short- and long-term working capital
➡ Refinancing current business debt
➡ Purchasing and installation of machinery and equipment, including AI-related expenses
➡ Purchasing furniture, fixtures, and supplies
➡ Changes of ownership (complete or partial)
Eligibility Requirements:
➡ Be an operating business
➡ Operate for profit
➡ Be located in the U.S.
➡ Be small under SBA Size Requirements
➡ Not be a type of ineligible business
➡ Not be able to obtain the desired credit on reasonable terms from non-Federal, non-State, and non-local government sources
➡ Be creditworthy and demonstrate a reasonable ability to repay the loan
💲Sub $150k SBA 7(a) STREAMLINED LOAN ☆ $50,000 to $150,000
General info
☆ Interest rates: Base Rate is 7.5% Interest rates may be fixed or variable. Typical Interest Rates are a Variable Rate of Prime Rate plus 3% - 6.5%
☆ 1 to 2 week average to closing