The SBA offers several financing programs to meet borrower’s various needs. While the SBA itself does not lend money, it guarantees up to 80 percent of a loan made by a private lender. This guarantee reduces the risk for banks and other lenders, which in turn allows them to provide more attractive rates and terms. However, the application process and credit score requirements can be daunting.
LendRev can provide access to capital fast because we offer a direct path to the lending marketplace, empowering businesses like never before. Just complete one free application and LendRev gets to work, searching our network of lending partners where they compete for your business.
* In order to secure funding, LendRev requires at least three months in business with a minimum of $10,000 in monthly revenue.
† With the appropriate information and documentation available, it’s possible to have your application approved in as little as one hour.
‡ Many of our term loan and merchant cash advance providers can be very fast, providing funds in as little as 24 hours. SBA-backed lenders may take two weeks or more because Small Business Administration loans require significantly more documentation.