SBA Loan Program
SBA Loan Program
We have been designated as a Preferred Financial Services company by industry leading SBA lenders to have loans processed more quickly and efficiently than many others.
There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.
We have been designated as a Preferred Financial Services company by industry leading SBA lenders to have loans processed more quickly and efficiently than many others.
There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.
Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.
Loan Qualifications
Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
Wholesale businesses with employees up to 100 regardless of sales volume
Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
SBA 7(A) Loan Size $150,000 to $2.0 million
Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.
Loan Qualifications
Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
Wholesale businesses with employees up to 100 regardless of sales volume
Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
SBA 7(A) Loan Size $150,000 to $2.0 million
Loan Fees
Loan packaging fee: $750 to $2,000
Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit
SBA guaranty fee: 1.70% to 2.60% of the loam amount
Fee can be financed in the loan
Use of Proceeds
Commercial real estate (purchases, construction, or refinance)
Leasehold improvements
Business expansions
Machinery, equipment, furniture or fixtures
Business acquisition
Working capital (offered in conjunction with some of the above)
Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores
Other Credits Considerations
Business must have adequate historic cash flow to cover the proposed debt
Business debt to net worth must meet industry averages
Borrowers must be actively involved in the day-to-day operation of the business
Satisfactory personal credit histories are required for all principles and guarantors
No past bankruptcies or felony arrests
Contact us today about our SBA Loan Programs and other services.
Loan Fees
Use of Proceeds
Other Credits Considerations
Contact us today about our
SBA Loan Programs and
other services.
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Ontopfunding.com is a website operated by On Top Funding, LLC. By accessing this site and any pages thereof, you agree to be bound by our terms of use and privacy policy. The use of this website does not constitute an application for a mortgage loan or an offer by On Top Funding, LLC to lend.
On Top Funding, LLC is licensed in AZ (License #: 0932325), CA (Loans made or arranged by On Top Funding, LLC pursuant to a California Finance Lenders Law license # 60DBO-46258), MN (MN-MO-1045656), and OR (ML-5571). Please visit www.nmlsconsumeraccess.org for more licensing information.
This is not an offer to lend. All offers of credit are subject to due diligence, underwriting and approval. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate or best terms. Actual rates and terms depend on a variety of factors and are subject to change without notice.
©2024 On Top Funding, LLC. All Rights Reserved.
Ontopfunding.com is a website operated by On Top Funding, LLC. By accessing this site and any pages thereof, you agree to be bound by our terms of use and privacy policy. The use of this website does not constitute an application for a mortgage loan or an offer by On Top Funding, LLC to lend.
On Top Funding, LLC is licensed in AZ (License #: 0932325), CA (Loans made or arranged by On Top Funding, LLC pursuant to a California Finance Lenders Law license # 60DBO-46258), MN (MN-MO-1045656), and OR (ML-5571). Please visit www.nmlsconsumeraccess.org for more licensing information.
This is not an offer to lend. All offers of credit are subject to due diligence, underwriting and approval. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate or best terms. Actual rates and terms depend on a variety of factors and are subject to change without notice.
©2024 On Top Funding, LLC. All Rights Reserved.