SMALL BUSINESS PROGRAMS

CAPITAL READY PROGRAM

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The Capital Ready Program is designed to assist small business owners meet the funding requirements for lenders.

 

SunBiz Support works with a network of business funding partners so that you can easily obtain financing. Lenders are just as eager to lend funds to your business as you are to receive them.  However, you AND your business must meet the eligibility requirements in order to receive those funds.  We are here to help you meet those funding requirements.

 

The first step is to apply online to see if you pre-qualify. It only takes 5 minutes and their is no impact to your credit score.  In the event you are denied a small business loan - DON'T PANIC - we will work with you to become "Capital Ready" so you may re-apply again.  

 

FIVE ESSENTIAL ELEMENTS FOR FUNDING APPROVAL:

  1. Written Business Plan

  2. 36 Month Cash Flow Projections

  3. Third Party Feasibility Data

  4. Business Credit Optimization

  5. Personal Credit Optimization

Our goal is to help as many small businesses as possible, so please be patient. If you need further assistance, please feel free to contact us at 877-778-6249. We are here to help you every step of the way.

†   Business credit optimization refers to building a credible PAYDEX and IntelliScore ratings. 

     

‡   Personal credit optimization refers to adding positive and removing negative items to build credible personal credit scores. 

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BANK TERM LOANS

Loan Size

Loan Description

Use of Proceeds

Time to Funding

Interest Rates

 

Loan Term

  • $30,000 to $200,000

  • Bank Term Loan

 

  • Working Capital

  • Debt Refinance

  • New Equipment purchase

 

  • Pre-qualify in 5 minutes

  • Funding as fast as 2 days after application is complete

 

  • Fixed Interest Rate From

6.99% to 26.99%

  • 2 to 5 year repayment ​terms with no prepayment penalty

  1. Interest rate depends on loan term and the applicant's credit and financial profile

  2. This is an estimate and actual costs may vary​.

Payment

 

 

Fees

 

 

Security

 

 

 

Geographic

Coverage 

  • Monthly payments are debited from checking account 

  • 6% referral and packaging fee 

  • Between $200 and $300 for bank closing costs

 

  • Lien on Business Assets

  • No minimum requirement for the value of those assets

  • Nationwide

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SBA Working Capital | Debt Refinance Loans

Loan Size

Loan Description

Use of Proceeds

Time to Funding

Interest Rates

 

Loan Term

  • $30,000 to $350,000

  • SBA 7(a) Loan

 

  • Working Capital

  • Debt Refinance

  • New Equipment purchase

 

  • Pre-qualify in 5 minutes

  • Funding as fast as 7 days after application is complete

 

  • $30K to $49K   Prime Rate   plus 3.75% 

  • $50K to $350K Prime Rate   plus 2.75%

  • 10-year term with no prepayment penalty

Payment

 

 

Fees

 

 

 

 

 

Security

 

 

Geographic

Coverage 

  • Monthly payments are debited from checking account 

  • 4% referral and packaging fee

  •  Approximately $450 in bank closing costs

  • Loans from $30K to $150K require a 1.7% guarantee fee

  • Loans above $150K require a 2.25% SBA guarantee fee 
     

  • Blanket lien on business assets

  • Personal guarantee by all 20% owners 

  • Nationwide

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  1. Prime Rate as published by the Wall Street Journal

  2. Fees are capped by the SBA at 4% and partners are prohibited from charging additional points or fees

  3. This is an estimate and actual costs may vary

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SBA Commercial Real Estate (CRE) Loan

Loan Size

Loan Description

Use of Proceeds

Time to Funding

Interest Rates

 

Loan Term

  • $500,000 to $5 Million

  • SBA 7(a) Loan

 

  • Commercial Real Estate Refinance or Purchase

  • Pre-qualify in 5 minutes

  • Conditional approval in 30 minutes

  • Fund as fast as 30 days after credit approval

 

  • Prime Rate  plus 1.5% to 2.75%

  • Fixed and variable rates 

  • 25-years

  • Fully-amortizing CRE loan with no prepayment penalty after 3 years:

    • Year 1 = 5%

    • Year 2 = 3%

    • Year 3 = 1%

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Financing

 

Payment

 

 

Fees

 

 

 

 

Security

 

 

 

Geographic

Coverage 

  • Up to 90%

  • Monthly payments are debited from checking account 

  • 1% referral and packaging fees  plus bank closing costs

  • 2.25% to 2.76% SBA Guaranty fee depending on loan size

 

  • First lien on subject property

  • Best available lien on business assets

  • Personal Guarantee

  • Nationwide

  1. Prime Rate as published by the Wall Street Journal

  2. Fees are capped by the SBA at 4% and partners are prohibited from charging additional points or fees

  3. This is an estimate and actual costs may vary

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LEGAL DISCLAIMER: 

SunBiz Support is an online document filing service provider for entrepreneurs. SunBiz Support is a private company and does not claim to be affiliated, endorsed, or approved by any Federal, State and/or Local Government agencies. You are not required to purchase anything from SunBiz Support and the services offered by SunBiz Support are not endorsed by any governmental agency, and is not being made by an agency of the government.

Information and views provided throughout this website are general in nature for your consideration and are not legal, tax, insurance or investment advice. This information is not intended to create, and receipt of viewing does not constitute an attorney-client relationship. SunBiz Support, LLC makes no warranties as to accuracy or completeness of information, including but not limited to information provided by third parties and takes no liability for your use of this information. Please contact your own legal, tax, insurance or financial advisors regarding your specific business needs before taking any action based upon this information.

 

 

© 2015 -2020 SunBiz Support is a registered trademark or service mark of SunBiz Support, LLC. All rights reserved. 

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