Featured Program
Why Choose SBC Lending?
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Frequently Asked Questions Q: Why choose SBC Lending? Can’t we go directly to a bank? A: Over the years, SBC Lending has built relationships with an array of banks, analyzing their products and credit guidelines to insure a higher ratio of approved loans. Business owners typically don’t know which bank to go to for their business needs. Usually they go to the bank they already bank with and most of the time get declined because they are not aware of that banks requirements. That is why at SBC Lending you will receive not only consulting which the banks don’t provide, but rather a detailed analysis of what and where you should be applying. That way your chances of receiving funds are greatly increased. Q: What qualifies me for an SBA Loan? A: A DBA needs to be filed with the county recorders office to first establish your business. A DBA secures a business name so that no other person is able to use that name other then you. Once your business name is secured, your are eligible for a loan. Q: How long do SBA loans take to get funded? A: Funding time defers on each loan program. For smaller amounts such as the Community express loan or a Line of Credit, they take anywhere from 24 hours to 2 weeks. For larger loans such as the SBA 7a loan, they may take anywhere between 2 weeks to 3 months. Q: What’s the advantage of an SBA Loan? A: The SBA was established to assist businesses in financing and growth. They are an advocate to small businesses and hence guarantee loans on the client’s behalf. This reduces the risk the banks have when making loans and helps the client receive financing. Q: What do we have to do to apply for an SBA Loan? A: Contact your local SBC Lending office and make an appointment to see how you may qualify for an SBA Loan. |