SBA Funding For Your Business

Is SBA Funding Right For Your Business?

Posted: July 25, 2019

About SBA Funding

SBA Funding is, government funding to small businesses’ along with merchants businesses across the US. SBA’s account for a large portion of business borrowing. Here are some stats to fill you in on the efficiency of SBA’s:

• 73% of all small firms/businesses used financing in the past year.
• According to data found by analyst there are approximately 28 million small businesses in the US.
• Although similar to a Merchant Cash Advance, an SBA has a longer term for it’s payoff. The payoff terms range from 5 to 10 years for a payoff.
• TERMS/RATES 10-15% 10 YEAR NOTE

The benefits of working with SBA’s are:

• It is a government run program. This means that funding is coming straight from the government’s pockets. Funding will be a lot higher in number when compared to a Merchant Cash Advance.
• According to data found by analyst there are approximately 28 million small businesses in the US.
• 20% of all those small businesses make $50K+ every year in revenue.
• TERMS/RATES 10-15% 10 YEAR NOTE

In conclusion, SBA’s Government loans are a very effective funding option for small businesses. Here at Syndicate Lenders we make sure the process from document gathering to funding takes a maximum of 2 WEEKS instead of 3 Months. This is due to our strategic relationships/partnerships with SBA Government underwriting Department.

Give us a call or you can apply at: