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finder.com’s rating: 4.1 / 5.0
★★★★★
$5,000
Min. Amount
$5,000,000
Max. Amount
Product Name | SBG Funding small business term loans |
---|---|
Min. Amount | $5,000 |
Max. Amount | $5,000,000 |
Loan Term | 6 to 60 months |
Min. Credit Score | 500 |
APR | 5% to 35% |
Requirements | 6+ months in business, 500+ credit score, $150,000+ in annual revenue |
Review by
Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
SBG Funding might offer one of the most competitive deals out there if your business has struggled to get funding because of its age, industry or your personal credit score. While SBG specializes in growth loans, its wide range of loan amounts and terms also make it useful for working capital and other business uses.
You don’t need collateral to qualify, and you can get your funding in as soon as three business days after getting approved — faster than a bank, but not as quick as some other online lenders.
While some loans might come with monthly repayments, others might have weekly repayments. These can be difficult to afford if your business doesn’t have consistent cash flow.
Not sure SBG Funding is right for you? Compare your other business loan options below.
You must meet the following requirements at a minimum to qualify for a loan from SBG Funding:
Your business may have to meet additional requirements, depending on your application. SBG funding generally works with all industries.
SBG Funding small business loans offer a wide range of loan amounts and terms at competitive rates with relatively lax requirements. You only have to be in business at least six months to qualify, and you don’t need to have good — or even fair — personal credit. It also works with most industries.
You can apply for an SBG business loan over the phone, by fax or online.
Here’s how to get started with the online application:
If you want to fill out a paper form, you can access a downloadable PDF by completing the first two steps listed above. You can then scan the application and submit it by emailing support@sbgfunding.com or faxing it to 971-464-7574.
SBG Funding only requires businesses to upload the past three months of business bank statements. However, there’s a chance you might have to submit additional documents, depending on your application.
You should receive a decision from SBG Funding between 12 and 48 hours after submitting your application. If you’re approved and like your offer, follow the directions to submit any additional information or documents, if required. After you sign the loan agreement, you should receive the funds in your business bank account within three business days.
It depends on the terms of your loan. SBG Funding business loans come with either monthly or weekly repayments. Typically, shorter terms have more frequent repayments, while longer terms are more spread out.
SBG doesn’t charge any prepayment penalties. If you can afford to, you might want to pay more than you owe each month to save on interest. You can reach out with any questions, complaints or comments by calling 844-284-2725.
Want to find out how SBG Funding compares to other lenders? Read our guide to business loans.
We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.
Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.