SBA Loan

SBA Loan Services by Sheer Funding
type of service

SBA Loan

An SBA Loan is a loan issued by a traditional lender or alternative finance company this is backed by a guarantee from the U.S. Small Business Administration. They are long-term, low interest small business loans partly backed by the U.S. Government. Repaid monthly. Collateral is required for loans of more than $25,000 in some situations. There are four different types of loan guarantee programs through the SBA: 7(a) loans, CDC 504 loans, micro loans and disaster loans.

As it turns out, many businesses – including small or newer ones – can qualify for an SBA loan. The most import factor will be your credit score: SBA loans are for business owners with strong borrowing histories.

Don’t believe any lender who promises to provide SBA loans today: It’s definitely not a loan that you’ll apply to and receive the funding for even within a few days. That said, SBA loans are certainly fit for growing your business and refinancing your other debt at the lowest available rates.

SBA LOAN DETAILS

  • Quick and Easy application process
  • Terms ranging between 3 – 10 years
  • Rates between 5.95% and 11.99%
  • Funding up to $2,500,000
  • Monthly payment
  • No Pre-Payment Penalties
  • Decisions within 3-5 days

Qualifiying criteria

  • 6 + Months time in Business
  • 650 + Credit Score
  • $150,000 + in annual revenue
  • Most Industries

Required Documentation

  • Completed Application Form (Download Pdf)
  • Copy of Bank Statements
  • Copy of Valid ID
  • Copy of Voided Check
  • Copy of Last 2 years Tax Return
*additional items may be required*