Designed specifically to help small business owners to succeed, the SBA loan is structured so that the borrowing burden is shifted away from the small business owner. Instead of providing the cash themselves, the SBA guarantees a portion of the loans (up to 75%), issued by participating lenders.
On top of the assurance given by the SBA, the loans have a monthly payment structure and offer fixed interest rates. Making it a fan favorite among small businesses.
The SBA loan is one of the more accessible loan programs, that will consider small business owners who are not seen as ideal candidates by traditional lenders. As such, it’s strongly advised that your business can show a strong track record as a responsible borrower
The loan application can be paperwork intensive and time consuming but our application platform simplifies it. To speed up the process, having the following documents ready prior to uploading them: