SBA Loans 

Small Business Administration-backed loan, or an SBA business loan, can help your business to get working capital to paccomplish any goal, like expanding, purchasing/refurbishing equipment, taking on new real estate, or refinancing an existing mortgage or agreement, and more.

SBA loans are one of the most desirable and sought-after types of business loans. Many small business owners apply for SBA loans before exploring other similar options. Between lower interest rates and substantially longer repayment terms, SBA loans tend to give you the funding you need without disrupting your cash flow.

While you can get SBA financing through both financial institutions like traditional banks and online lenders, they aren’t taking all of the risk. These loans are guaranteed through the SBA, a branch of the government dedicated to fostering stronger small businesses.

Through most lenders, SBA loans come with one drawback: it can take forever (up to 8 months) to complete the process. Banks thoroughly review loan applications, business plans, personal credit score, and more before providing an answer. When you use an SBA loan to drive revenue in your business, it can significantly improve cash flow.

National Business Capital has eliminated this issue by streamlining the process to 45 days! Through our network of  lending partners, we can speed up the funding process to complete it in nearly half the time while also simplifying the long and complex procedure to make SBA funding much easier for you. With guidance from your Business Financing Advisor, you can even get an SBA loan with a tax judgment.

Eligibility Requirements Include

Credit score: Lenders may require a minimum FICO score of 620 or higher.

Business history: Have been in business for at least two years  
Sales:

Have at least $100,000 in gross sales per year  

Collateral: Have sufficient collateral or equity investment

The U.S. Small Business Administration (SBA) offers several loan programs, including:  

7(a) for general purposes
504 for real estate or equipment
Microloans for smaller amounts
Individual lenders may also have their own eligibility requirements.