Many small business owners rely on loans from the Small Business Administration to fund their ventures. SBA loans offer a bevy of benefits for entrepreneurs, including low interest rates, long repayment terms and no ballooning costs, so your clients can focus on what’s really important: building their businesses.
The most common type of SBA loan, the SBA 7(a) loan offers up to $5 million to get an individual’s business up and running. Whether the funds are for a start-up, acquisition or expansion, a 7(a) loan can help your clients reach their small business financing goals.
For small business owners needing access to capital quickly, a simple SBA Working Capital loan could be beneficial. These loans offer up to $150,000 and can close in as little as 45 days, allowing candidates to move forward with financing quickly.
Why use Guidant?
Guidant’s SBA lending program is the most effective way of securing a 7(a) loan for your candidates. By referring your candidates to us, they’ll have access to a network of more than 3,600 SBA lenders, as well as our Funding Assurance™ program, which guarantees financing or their money back. Other benefits of working with Guidant include:
- Transactional assistance. Our team of financial experts will guide your prospects through the entire SBA process, from document collection to lender selection to bank closing items.
- Faster closing times. Thanks to our large network of lenders, your candidates’ loans will be approved quicker than if they used a local bank.
- One application. Your clients will only fill out a single application that we’ll shop to multiple lenders, saving your candidates time and additional paperwork.
- Documentation review. Our external financing team will review your client’s application and accompanying material to ensure the best chances of success. Our goal is to receive multiple LOIs for your candidate, ensuring competitive interest rates, terms, and amortization schedules.