Small Business Financing Kingsland GA

Well, we’re the nation’s largest small business loan marketplace. That’s right, we offer more loan options than anyone else.

And because we’re committed to quality even more than quantity, we feature only the best small business lenders in our marketplace. That includes American Express, Bank of America, Chase, OnDeck, Kabbage, and more.

We also have a 15-minute online application and a proprietary algorithm that matches you to the best loans for your small business – and a team of personal funding managers who can walk you through your options and help you choose the perfect one.

Which means that getting a small business loan through Fund  Business Loans is sooo much easier than applying through traditional lenders. In fact, while banks deny 80% of small business owners, we find financing for more than 65% of our applicants.

Did we mention that you can do all of this from the comfort of your office, or even your couch? You don’t even have to put on your shoes to get a small business loan throughFund  Business Loans

So the real question is: what are you waiting for? You could have a small business loan 15 minutes from now. We’re here whenever you’re ready to apply…

For completely underwritten loans, you will need all of the application forms completed, personal and business income tax return for the last 3 yrs, and an interim financial statement since your very last tax reporting time period. For start-ups, you will need a business plan, projections, and assumptions on which the projections are based. One will not really have business tax returns or financial statements. For credit-based loans, solely an application is needed.

Depending upon which loan program you request, approval time differs. We have loans that take a couple of days for approval and funding, and others that take a number of months, depending upon your requirements and circumstance. Seek advice from your Loan Specialist to determine which loan is best for you and particular approval timing of that loan.

Charges are loan specific and are reviewed in additional detail in the loan package. Generally there are absolutely no fees except if you get approved.

Fund Business Loans is here to really help you get the proper funding at the correct time to strengthen your business. We’ve partnered with non-bank financial institutions to provide customized financing tailored for your special condition. Choices include business lines of credit, merchant cash advances, equipment loans, invoice factoring, and business credit cards.

Often, this financing could be secured much quicker than loans from banking institutions in our network. These options may also be a great fit if you’ve beened in operation for less than 2 years. Other kinds of financing offered can help you shore up cash flow, purchase equipment, and fund other short-term projects. Contact us for more information about how you can use funds to boost your business.

It depends upon the bank and your loan application, but generally, banks like to see a down payment of 20% or even more. SBA loans, however, allow as much as 100% financing depending upon bank underwriting criteria.

An SBA loan is a small business loan that is assured in part by the U.S. Small Business Administration and generally made by a banking institution.

The SBA Express loan program is for loans around $350,000. As its name indicates, the turn-around time for loan approvals is streamlined under this program. Additionally, borrows can make use of the loan as a line of credit (note: normal SBA loans amortize with regular monthly interest and principal payments).

SBA loans are created to offer loans to those who may not otherwise qualify for a conventional commercial loan. Banks agree to take additional risks under the SBA loan program since the federal government will guarantee around 85% of the loan. Primary advantageous of SBA loans versus traditional commercial small business loans:

– Much longer loan maturities (10 years for non-real estate and 25 years for real estate).
– Even more versatile loan covenants.
– Much less restrictive collateral guidelines.
– Much lower down payments– 100% financing possible.

An SBA lender is a bank or financial institution improved to offer SBA loans via the SBA’s different loan programs. Note that the bank does make the loan and has its own underwriting requirements.

SBA loans offer much longer terms, great rates, and reduced monthly payments than other loan alternatives. We streamline the SBA loan application process so small businesses can now apply on-line and get money in as quick as 7 working days.

Benefits include reduced down payments and much longer repayment terms than other business loans, allowing small businesses to keep their cash flow for operational expenses and spend less on debt repayment.

SBA 7( a) loans for working capital, debt consolidation, and equipment purchases as well as SBA 7( a) loans for commercial real estate purchases or refinance.

– Borrower info.
– Articles of organization.
– Business licenses.
– Lawsuit, judgment or bankruptcy documents, if applicable.
– Personal financial statement for all of the owners of 20% or more.
– Business financial statements, including an income statement and balance sheet, cash-flow.
projection, business debt schedule, and income tax returns for the last 3 yrs.
– Real estate documentations, including appraisals, lease agreements, and any environmental reports.
– Main agreements, for example, franchise, real estate purchase or supply.

For an SBA commercial real estate loan over $500,000, a 1st lien on the real estate is called for. Depended on the appraised value, you must have at least 10% – 20% equity in the real estate for a refinance or put 10% – 20% down for a purchase of the real estate.

SBA 7( a) loans have far much better repayment terms compared to many available options. Our banking institution partner SBA 7( a) working capital loans, has a 10-year term. SBA 7( a) Commercial Real Estate loans have a repayment term of 25 years. Our long repayment conditions result in very low monthly payments. There are no balloon payments with an SBA 7( a) commercial real estate loan.

Yes. All one-time application and guarantee charges, along with closing costs, are deducted from your loan proceeds during the time of funding. Having said that, fees for other services, if any, are not deducted from loan proceeds. For Commercial Real Estate (CRE) SBA 7( a) loans, application, and SBA Guarantee fees could be rolled into the loan amount (if cash flow and loan-to-value permit it).

We gather each financial info and particular business paperwork. Common financial information we gather are bank balances, a current income statement, current balance sheet, past net income, and outstanding loan information among other financial data. The bigger the loan size, the more financial data is needed. Normal documentation usually required for an SBA loan include Articles of Incorporation and Certificates of Good Standing, proof of insurance, lease agreements, and landlord subordination, among others that may be specific to your business kind.

A lien on business assets is needed for SBA loans, however there is no minimum requirement for the value of those assets.

You need to come up with a minimum of 20% of the overall cost to start your business.

Your capital injection can come from your own savings, home equity, or money was offered to you by a friend or relative that you don’t need to pay off. One can not fund your capital requirement through other resources (e.g. credit cards or another lending source). At minimum half of your injection must originate from your own resources (savings or house equity). The rest can possibly be gifted or an owner can carry back a note that is on full stand by. One can also borrow against your retirement accounts, which represent individual equity.

In the event that you are a start-up business, you will require a business plan to get a bank loan. If you are an existing business in operation for greater than 2 yrs, you will require to put together a summary of the history and nature of your business. Or, if you are growing your business somehow, you will need to describe your business growth plan, how the expansion will absolutely impact income.