Small Business Financing Euclid OH

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 through Fund  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…

Nope, we don’t fund any loans so we’re not a lender. We’re an online lending marketplace, which means that we’re simply the bridge between borrowers and lenders. We connect small business owners like you to loan options from our nationwide network of 75+ lenders.

Think of us as the Amazon Prime of small business loans. You shop, then we deliver.

Online marketplaces are everywhere these days – there’s Amazon, Overstock, Etsy, Alibaba, Bonanza, Expedia, and the grandfather of all online marketplaces, eBay.

The coolest thing about using an online marketplace is the convenience – it’s a fast, easy way to compare options, find a good deal, and get what you need.

Our online lending marketplace is no different. Completing our application gives you access to a variety of small business loan options and lenders. This saves you the hassle of going from bank to bank and offers you a simple way to find your best financing solution. Because shopping online is pretty cool but getting a small business loan online is even cooler.

We’re no spring chickens – we’ve been helping small business owners since 2011.

It all started when we noticed how hard it was for small business owners to find the loans they needed to start and grow their businesses. Which was a pretty ridiculous problem, considering that 99% of all American companies are small businesses.

Ever the problem-solvers, we created a solution: Fund  Business Loans . Flash forward a few years and we’ve helped more than 30,000 small business owners get more than $750 million in loans. So you can feel comfortable knowing that you’re getting expert guidance when you come to Fund  Business Loans 

There’s absolutely no charge for you to apply through Fund  Business Loans  and browse our small business loan options. As with any loan, you will pay an interest rate or fixed fee, but that money goes to your lender, not us.

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. Furthermore, 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 even more risks under the SBA loan program since the federal government will guarantee as much as 85% of the loan. Primary advantageous of SBA loans versus traditional commercial small business loans:

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.

Borrower details.
– 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 demanded. 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.

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 efficiently impact income.