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.

 

 

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ELIGIBILITY REQUIREMENTS

SBA Working Capital | Debt Refinance Loans

Eligibility Requirements

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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

1

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

3

2

  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