SBA Small Loan Advantage Program
Loan Size: $5,000-$150,000
The Small Business Administration (SBA) is making obtaining small balance loans easier for small business owner struggling to receive the working capital they need to keep their business running efficiently. With SBA Working Capital loans, business owners can take advantage of quicker approval and funding compared to standard SBA Loans, which can take up to 90 days to complete!
SBA Working Capital Loan Details & Features:
- Interest Rate: 6% to 8%
- Funds as fast as 5-7 days
- 10 year terms with no prepayment penalty
Loan Requirements:
- Must at least be already 2 years in business
- Business must be located in the United States
- Business must be owned by a US Citizen without a criminal record
What Can The Funds Be Used For:
- Working Capital
- Refinancing Debt
- Business Acquisitions
**Cannot be used for Commercial Real Estate or Start Up Business Financing