A powerful low-interest, long-term financing tool for taking your business to the next level
When you are planning a major investment to significantly grow your business, an SBA Loan may be an option to pursue. These government-guaranteed loans offer what are usually the lowest interest rates, longest terms, and highest borrowing limits of any small business loan. However, they have higher qualification requirements and are more challenging to apply for. That's where the experts at King Capital can help.
Advantages of King Capital
Fast approvalsIn as little as 2 hours!
Highest borrowing limitsFunding amounts from $50,000 to $10 million
Maximize ROIManageable monthly payments won't put a hit on your cash flow or prevent you from taking advantage of other capital opportunities
Longest available termsFrom just 3 years up to 25 years
Lowest available ratesStarting at just 3.75%
How it worksWhy do traditional small business loans carry higher rates, shorter terms and lower borrowing limits? Because they pose greater risk to the lender in the event the borrower defaults.
They key to SBA Loans is that they're backed by the Small Business Administration, an agency of the U.S. government. In most cases, the SBA will guarantee a large portion of the loan – up to 85% of loans up to $150,000 and up to 75% of larger amounts. Because lenders face less risk of losing the entire principal if the borrower defaults, they are willing to provide what are usually the best loan terms available anywhere on the market for small businesses.
Do you qualify for SBA funding?As you might expect, SBA Loans carry much higher requirements to qualify than traditional small business loans. In addition to a good credit score and consistent strong cash flow, you'll generally need to have annual gross sales of at least $360,000, at least 10 employees, be in business for at least two years with no bankruptcies or foreclosures in the past three years, and no tax liens.
That's why your smartest move is to fund through King Capital. Our alternative financing experts have many years of experience securing SBA Loans for all types of companies. Best of all, we make the whole process easy for you. We can walk you through the documentation needed and the steps to apply, help ensure your best opportunity for approval by the lender, and ultimately secure the loan guarantee from the SBA.