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: Lendio. 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 Lendio.

Getting finance for your small business when you require it most has become one of the huge issues for a lot of firms. Getting that funding that your business enterprise needs through the banking company is very tough and frustrating, That is exactly why Fund business loans have saved most company that needs finances but have no means of having it. Here are the top reasons that an organisation should really get small business loans.
( a) Growth of Your Organisation
( b) Build Credit rating for Future Loans
( c) Maintain Enterprise Cash Flow
( d) Finance Equipment
( e) Hiring New Work Force for Your Small business
( f) Safety and security for Your Small business
( g) Assists Individuals Keep Ahead of Your Competitor

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 can vary. 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. Speak with your Loan Specialist to determine which loan is best for you and particular approval timing of that loan.

Costs are loan specific and are reviewed in even more detail in the loan package. Certainly there are zero fees except if you get approved.

Fund Business Loans is here to assist you get the proper funding at the correct time to strengthen your business. We’ve teamed up with non-bank financial institutions to provide customized financing tailored for your special circumstance. 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 forms of financing offered can help you shore up cash flow, purchase equipment, and fund other short-term projects. Phone us for more information about how you can use funds to boost your business

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

An SBA loan is a small business loan that is assured in part by the U.S. Small Business Administration and usually 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. Furthermore, borrows can use the loan as a line of credit (note: common 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 as much as 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 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.