SBA LOANS
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.
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.
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.
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
What you will need
Driver’s License
Voided Business Check
Bank Statements
Balance Sheet
Profit & Loss Statement
Pros and Cons
Pros
Low Down Payment
Long Payment Term
Competitive Interest Rates
Wide Range of Business Purposes Accepted
Cons
Lengthy Paperwork
Longer Approval Times
May Require Collateral
Low Down Payment
Long Payment Term
Competitive Interest Rates
Wide Range of Business Purposes Accepted
Cons
Lengthy Paperwork
Longer Approval Times
May Require Collateral