business loan

500,000 business loan
+$200,000,000 business loan

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Compare Us: SBA Loans

SBA Loan On Deck Loan
Documentation:
  1. Multi-page sba loans application
  2. Previous 3 years of income statements and business balance sheets
  3. 2-year projected balance sheets and income statements
  4. 12 months of projected cash flow statements
  5. Previous 3 years of personal and business tax returns
  6. Business plan
  7. Accounts receivable aging report
 Documentation:
  1. One-page loan application
  2. Previous 3 months of bank statements
  3. Previous 3 months of credit card statements
SBA Loans Collateral Required?
Yes (typically 10%)		 On Deck Collateral Required?
No
Average SBA Loans Application Time
2-3 months		 Average On Deck Application Time
Decisions in as little as 2 business days; funding in as little as 5 business days
Average Term
60 months		 Average Term
12 months

The Small Business Association (SBA) loans are ideally suited for small business owners with strong personal credit histories and well-organized financial and business planning systems. SBA loans are really bank loans, submitted to the SBA for guaranteed payment, allowing the bank to lend with reduced risk.

The SBA loans default program is not for small business owners with bad credit scores or for start-ups. If you fit into either of those two categories, SBA loans may not be a good fit for you. We do not currently lend to businesses open for less than a year; but we do work with small business owners with low credit scores.

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