SBA Loans from Cheddar Capital Partners
SBA loans are small-business loans partially guaranteed by the Small Business Administration, which can be issued Cheddar Capital Partners.
What are SBA Loans?
If you are looking for the 2022 best SBA loans or Small Business Administration loans online, look no further! The U.S. Small Business Administration helps small business owners get funding through SBA loans. Cheddar Capital Partners is the best SBA Loans provider in Dallas, Texas, with their multiple SBA funding programs, this government agency provides SBA loan guarantees of up to 85% of the loan amount provided through an SBA-approved lender. When it comes to small business financing, Cheddar Capital Partners are on your side.
We’ve taken the long, complicated process of applying for a 2022 SBA loan and made it more manageable through our streamlined application process and dedicated team. Our experienced financial professionals are with you every step of the way as you complete our online application and complete the 2022 best SBA Loans. And if this loan isn’t the best option for you, we’ll help you find the right loan at the right time from our network of trusted banks and non-bank lenders. You can find the different types of SBA Loans at sba.gov.
Loan Amount Of $100,000 to $5,000,000
An SBA Loans can guarantee up to 85% of loans of $150,000 or less and 75% of loans of more than $150,000
Interest Rates Starting at 3.25% Average
As of December 2017, that meant a maximum interest rate of SBA Loans is 6.75%.
Loan Term lasts 10 to 25 years
If your loan is more than $50,000, your rate is based on the prime rate with a max of 2.25 percentage points.
Get Your Cash as fast as 3 weeks
The SBA has another financing program called SBA Express, which aims to respond to loan applications within 36 hours.
What are the basics of an Small Business Administration Loans?
These loans are a government-guaranteed small business loan that has a long-term and a low-interest rate. The Small Business Administration (SBA) is the government agency that partially guarantees these loans and was founded in 1953 to support small business owners across the United States.
The most common misunderstanding about these loans is that the agency lends money directly to small businesses. However, the agency typically does not make direct loans. The SBA provides a guarantee on the loan, promising to reimburse the bank for a certain percentage of your loan if you default on that loan. This guarantee lowers the risks to banks and other lenders, encouraging them to offer these loans to more American small businesses.
What can you use these loans for?
SBA loans from $30,000 – $350,000 from Cheddar Capital Partners network can be used for debt refinancing and working capital. Working capital includes operational expenses, marketing, hiring, etc. SBA loans can be used to fund new equipment purchases as well.
These Loans can also be used for refinancing existing business debt. They are not secured by real estate (such as cash advances, business loans, and equipment leases).
SBA Commercial Real Estate loans from $500,000 – $5 million from banks in the Cheddar Capital network can be used for the purchase or refinance of commercial real estate that is 51% owner-occupied.
Where can I apply for SBA Assistance?
In the not-so-distant past, small business owners had one option when looking to apply for an Small Business Administration loan—walking into a bank. However, many businesses might not know that while one bank may say ‘no’, another bank will say ‘yes’ to the same potential borrower. Technology can now help small businesses find an SBA provider online that is a good fit. In fact, Cheddar Capital Partners has created the first online network of Preferred SBA lenders for small businesses.
With multiple banks with varying credit requirements on our platform, we’ve been able to help many applicants successfully apply for an SBA loan who were initially rejected by their local banks. What’s our secret? It’s no mystery; our sophisticated software allows us to match borrowers with the lender most likely to approve and fund their loan. Rather than spending your time going from bank to bank, Cheddar Capital Partners can help you successfully apply for a loan quickly and efficiently.
Apply Online
Take advantage of a streamlined application on our website. We guarantee fast processing, so you can receive funds to purchase your equipment.
Receive Offer
At Cheddar Capital Partners, we pride ourselves on offering same-day loan approval. After you submit your complete paperwork to our funding team, you can receive an offer within a few hours and collect your funds.
Get Funded
We transfer your funds to your business account via Wire or ACH. You can now purchase the equipment you need to grow your business.
Have A SBA Loan Questions?
Have questions about a loan from the SBA? Send us your information and we will call you to answer all your questions!
"*" indicates required fields
