Small Business Loans

What is a SBA Loan?

A small business loan backed by the U.S Small Business Administration is the most affordable way to finance your business. With flexible terms and low-interest rates that are accessible to American business owners and entrepreneurs who have well-established businesses with strong credit history.

An SBA loan is a form of conventional financing that has very stringent requirements, which are partially guaranteed by the U.S. Small Business Administration, and are issued by authorized lenders such as CF Lending.

With these government-backed loan programs, the Small Business Administration is helping entrepreneurs, veterans, women, and minorities get easy access to lending opportunities by offering banks and private lenders a partial repayment in case the businesses defaults on their payments. Therefore, reducing the risk for lenders translates into flexible terms, low annual percentage rates (APR), low-interest, and low down payments for borrowers.

It is important to remember that the Small Business Administration doesn’t lend money directly to small business owners, instead, it sets guidelines for loans made by its partnering lenders.

Have a Question? Speak with an expert: 1-877-926-0024

What is a SBA Loan?

A small business loan backed by the U.S Small Business Administration is the most affordable way to finance your business. With flexible terms and low-interest rates that are accessible to American business owners and entrepreneurs who have well-established businesses with strong credit history.

An SBA loan is a form of conventional financing that has very stringent requirements, which are partially guaranteed by the U.S. Small Business Administration, and are issued by authorized lenders such as CF Lending.

With these government-backed loan programs, the Small Business Administration is helping entrepreneurs, veterans, women, and minorities get easy access to lending opportunities by offering banks and private lenders a partial repayment in case the businesses defaults on their payments. Therefore, reducing the risk for lenders translates into flexible terms, low annual percentage rates (APR), low-interest, and low down payments for borrowers.

It is important to remember that the Small Business Administration doesn’t lend money directly to small business owners, instead, it sets guidelines for loans made by its partnering lenders.

Have a Question?
Speak with an expert: 1-877-926-0024

LOAN AMOUNT

From $200,000 to $10,000,000

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LOAN TERMS

3 to 25-year terms

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TIME TO FUND

30 to 60 days

INTEREST RATE

Lowest rates: 5% to 9%

How to Apply for SBA Loan with CF Lending…

Once you submit the application form, we will determine if you qualify for the program and how much capital you can get. If your application is approved, funds will be transfered to your bank account.

You can Apply for a SBA Business Loan or give us a call if you have any questions: 1-877-926-0024

Our Application Process:

Step 1: Complete SBA loan application from

Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business.

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Step 2: Provide Needed Documentation & Information

Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.

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Step 3: Approval process

After completing the business loan request form and providing the necessary documentation, you will recieve offers for your loan. Accept an offer and get funded within 30 – 60 business days.

Key Features of SBA Loan Program

  • Credit Score: 680+
  • Time in Business: 2 years
  • Annual Revenue: $500,000
  • Profitability on Tax Returns: 15% – 30%
  • Credit History: No recent bankruptcies, charge-offs or settlements
  • Overdrafts and Negative Days: Less than 5 per year
  • Industries Funded: All
  • Collateral Required: Varies based on business
  • Restrictions on Uses: No
  • Credit Score: 680+
  • Time in Business: 2 years
  • Annual Revenue: $500,000
  • Profitability on Tax Returns: 15% – 30%
  • Credit History: No recent bankruptcies, charge-offs or settlements
  • Overdrafts and Negative Days: Less than 5 per year
  • Industries Funded: All
  • Collateral Required: Varies based on business
  • Restrictions on Uses: No

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

Benefits of Getting a SBA Loan

There are different types of SBA funding programs for business owners. Deciding which one is right for you, will depend on the goals and needs of your business, its size, and the time operating.

The only two loan programs that are available through GoKapital are the 7(a) and the 504. If you’re looking for other types of SBA financing programs, visit the Small Business Administration’s website by clicking any of the links below.

CAPLines / Export Loans / Disaster Loans / Microloans

SBA 7a Loan

The 7(a) is the most popular loan program. The loan amounts on the 7A program could go up to $5 million. Business owners love it for its long terms and flexibility, and because you can use it to alleviate most of the business necessities—making the loans more manageable for borrowers.

The Small Business Administration 7(a) loan could be used to purchase or lease equipment and machinery, inject working capital into your business, refinance existing debt, purchase an existing business, purchase furniture, construction & remodeling, acquiring real estate, fulfill seasonal inventory demands, and much more.

Features:

  • Up to $5,000,000
  • Funding time: 30-60 days
  • Lowest interest rates (5%-9%)
  • Long repayment terms (3-25 years)
  • Great for Businesses that need working capital
  • Funds could be used for general business purposes
  • The most affordable way to obtain financing for your business

Loan Requirements:

  • Credit Score (FICO): Above 680
  • No recent bankruptcies, tax liens, or foreclosures
  • Collateral might be required if the loans are above $25,000
  • The business must be physically located in the United States

SBA CDC/504 Loan Program

The Certified Development Company (CDC) loan was designed for businesses that wish to purchase fixed assets for expansion or modernization such as business equipment, machinery, furniture, or commercial real estate. It requires a low down payment (Starting at 10%) and provides fixed interest rates with long repayment periods.

CDC/504 loans are popular among businesses that are planning to buy or build owner-occupied commercial properties. However, these businesses have to occupy at least 51 percent of the commercial building.

SBA 504 Loan Features

  • Loan Amounts: Up to $10,000,000
  • Terms: 10-20 years
  • Funding time: 30-60 days

SBA 504 Loan Requirements

  • Business must have a net worth of less than $15 Million
  • Business must have an average net income less than $5 million after taxes for the preceding two years.

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

OTHER SERVICES

Merchant Cash Advance

Any business owner that needs capital right now can apply for a Merchant Cash Advance with CF Lending and get a lump sum upfront.

Business Line of Credit

With a Line of Credit (LOC) from CF Lending, your business can have access to the capital it needs at any time.

Small Business Loans

Whether you’ve been in business for years or are just starting out, running a successful company requires capital. Get the loan you need to grow.

Hard Money Fix & Flip Loans

Hard Money Loans For Real Estate Investors. Real estate investment loan programs – quick closings and competitive rates.

Equipment Leasing

Loans for New and Used Business Equipment financing helps you grow your business while preserving much-needed capital.

Commercial Real Estate

Secure financing for commercial properties, available in all 50 states, with terms ranging anywhere from 1 to 30 years.