New Sub $150k SBA 7(a) Loan- Fast Streamlined Application Process (15 Years of Experience in Business Lending)
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A new and improved application process for SBA 7(a) Loans.
From $50,000 to $150,000 with a simplified experience and faster turnaround. Now with an even more efficient document process, qualifying small businesses can get funding quickly so they can stay focused on growing their business.
SBA loans under $150,000 are backed by the Small Business Administration and may offer faster loan approvals and funding for eligible applicants.
Loan Overview:
-Loan Amount: $50,000 to $150,000
-Term: 10 years
- Competitive rates
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
No more tax extension forms and personal tax returns needed upfront. Additional fees such as application fees, closing costs, and the guaranty fee are taken out of loan proceeds.
Easy Online application process- No upfront or Outside fees- No Obligations- No impact to your credit!