SBG Funding: Many Options, No Hard Credit Check, Higher Rates
SBG Funding isn't available on Finder right now.
- Min. Amount
- $5,000
- Max. Amount
- $10,000,000
- APR
- From 1.75% a month, varies by loan type.
Our verdict
This lender offers a wide variety of business loans and no hard credit check, but rates can be high for some options.
SBG Funding is a direct lender as well as a loan broker that offers a variety of business loans. Loan types include term loans, equipment financing, business lines of credit, bridge loans, SBA loans and invoice financing. Rates vary by lender and loan type, but some options may carry high APRs. It accepts borrowers with fair credit and only six months in business, and it advertises no hard credit check — ever. But some of its loan requirements aren’t consistent across its website, so you may want to call to clarify the criteria needed for certain loan types.
Best for: Newer and more established businesses with strong revenues.
Pros
-
Wide variety of loan options
-
Accepts fair credit
-
No hard credit check
Cons
-
Rates can be steep for some options
-
Relatively high revenue requirements
-
Some inconsistent info on its website
Is SBG Funding legit?
Yes, SBG Funding is a legitimate lender founded in March 2017. It’s accredited by the Better Business Bureau with an A rating and receives high marks from both the Better Business Bureau (BBB) and Trustpilot, with over 3,000 customer reviews.
The company uses 285-bit encryption over the transport layer security (TLS) protocol and other industry standard measures to protect your information. It also doesn’t sell your data, but you can see how it’s shared by viewing the privacy policy on its website.
What makes SBG Funding shine?
SBG Funding stands out by providing multiple business loan options, including term loans, equipment financing, SBA loans, business lines of credit, bridge loans and invoice financing. No matter what your business needs, chances are SBG has a solution.
It also accepts borrowers with fair credit, and you only need to be in business for six months to qualify for most loans. More traditional lenders typically require at least two to three years in business, making this a solid option for newer companies. And funding is fast when you need it, with most loans disbursed within 24 to 48 hours.
Where SBG Funding falls short
The most common complaint about SBG is that it charges high APRs. Although, this isn’t very surprising considering it caters to newer businesses and borrowers with scores on the lower end.
Another potential drawback is that it states that businesses need to make at least $350,000 a year to qualify. This is a little on the high end for companies that have been in business for less than a year. Plus, it has some inconsistent information on its website. You may want to talk to a loan officer to answer your questions.
SBG Funding loan details
| Minimum credit score/credit range | 600 |
| APR | Varies by loan type |
| Loan amount | $5,000 to $10M |
| Terms | Up to 10 years |
| Approval turnaround | Within 24 hours |
| Availability | Available in all states |
| Fees | Varies by loan type, but may include:
|
| Other fees | Unknown |
SBG Funding contact info
| Phone number | 844-284-2725 |
| Customer service hours | Weekdays: 9 a.m. to 6 p.m. |
| info@sbgfunding.com | |
| X ,formerly Twitter | @SBGFunding |
| SBG Funding |
How to qualify for SBG Funding
Exact requirements to qualify may vary by loan type, but here are the minimum qualifications needed to apply.
- At least 6 months in business
- Annual revenue of $350,000
- 600 credit score
- Business bank statements from the last 4 months
How to apply
SBG doesn’t give a lot of details about exactly how the loan process works, so you may want to call if you need more guidance. If you opt to apply online, this is basically how it goes:
- Fill out the online application.
- Submit bank statements, photo ID and a voided check.
- Wait for a decision, which could be within 24 hours.
- Read and sign your loan agreement and have your loan proceeds deposited.
How SBG Funding compares to other lenders
Compare other products
We currently don't have that product, but here are others to consider:
How we picked theseWhat is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
SBG Funding reviews and complaints
| BBB accredited | Yes |
|---|---|
| BBB rating | A |
| BBB customer reviews | 4.96 out of 5 stars, based on 96 customer reviews |
| Trustpilot Score | 4.9 out of 5 stars, based on 3,611 customer reviews |
| Customer reviews verified as of | 30 June 2025 |
SBG Funding has thousands of positive reviews from the BBB and Trustpilot. Customers praise the quick and easy process, fast funding and the professional, knowledgeable and responsive service.
Most of the bad reviews complain of high rates, excessive solicitation and lower loan amounts than expected.
What do people on Reddit say?
Frequently asked questions
What credit score do you need for SBG Funding?
In its general guidelines, the company says you need a minimum credit score of 600, but this requirement appears to vary by loan type. For example, it states a score of 650+ for SBA loans and 550 for a business line of credit.
What are the odds of getting approved for SBG Funding?
The company boasts an 85% approval rate.
Can I apply for additional financing if I already have an SBG loan?
Possibly. You may be eligible for more financing if you’ve already paid off 40% to 50% of your existing loan, or sometimes less. You’ll probably also need a history of on-time payments.
Do I need collateral to secure my SBG loan?
In most cases, no. You’ll typically only need collateral for SBA loans or equipment financing.
Your reviews
Lacey Finder
Writer
Hi there, looking for more information? Ask us a question.
You are about to post a question on finder.com:
- Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
- finder.com is a financial comparison and information service, not a bank or product provider
- We cannot provide you with personal advice or recommendations
- Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.