Home > SBA Loan
SBA Loan
While partially guaranteed by the government, SBA loans help business get access to working capital while securing a low interest and long repayment term.
What is a SBA Loan?
A Small Business Administration Loan (“SBA Loan”) is a small business loan program administered by the Small Business Administration and is partially guaranteed by the government. This program works with other financial institutions to help give small businesses access to working capital that has longer terms and lower interest rates. Most businesses seeking working capital to purchase inventory, operate or expand a business can benefit from a SBA Loan.
- (949) 554-3682
Ideal Financing For Your Business
Working Capital
Debt Consolidation
Equipment Purchases
Avg. Term Length: 24 - 60 months
SBA Loan Details
Qualifying Criteria:
- 650+ credit score
- 24+ months in business
- $10,000+ average monthly bank deposits
Documents Required:
- Signed one page funding application
- 3-5 most recent business bank statements
- Business tax returns & more
Why Choose Us?
Unlike traditional banks and other alternative lenders, at IBF, we truly value your business. Your success is most important to us, so we’ll never over-leverage your business by offering you more funding than you can handle. Our simple application and quick approval process makes it easy for you to get the working capital your business needs, and our experienced funding consultants will walk with you every step of the way.
- (949) 554-3682
Advantages
- Government-backed and offer lower APRs and longer repayment periods
- SBA programs offer both small and large funding amounts for optimal coverage
- Businesses denied could qualify
- With large loan amounts and low SBA loan rates, these small business loans can be ideal for growth initiatives.
Disadvantages
- SBA loan applications are more strict and time-consuming than applications for other term loans or working capital products.
- The borrower may be required to make a down payment
- Time to receive funds is slower which means that SBA financing may not be a good fit for certain business needs.