Kapitus SBA Loan Program

SBA loans, particularly the 7(a) and Express Loans, are very versatile and can be used for almost any business purpose.  With a variety of terms available (up to 25 years) and amounts that can go up to $5,000,000, you’re sure to find an option that can meet your most basic or your most complex needs.  And, because of the government guarantee that comes with these loans, interest rates are very favorable.

All-Purpose Financing Working Capital to finance almost any business need you can dream up. You can get one loan and work with one lender for all of your needs.

Gold Standard Low down payments interest rates (thanks to that government guarantee decreasing lender risk). Long terms and flexible payment schedules allow you to keep your cash reserves intact.

Not Just Money Some SBA backed loans come with hard to find resources and access to mentorship programs. Whether you get a loan or not, the SBA has a number of services to help small business growth.

Fueling the Economy The SBA backs billions of dollars in loans to small businesses each year, keeping businesses running. The SBA doesn’t typically cost tax payers a penny; The SBA funds itself with the guarantee fee it collects.

Every small business owner knows the importance of working capital and keeping a healthy amount of cash in reserve to keep their business operational.  But just because it’s important, doesn’t mean it’s always possible. Enter SBA Loans, a low-cost option available to both established and new businesses across the U.S.  But, there are a few downsides: SBA loans are not easy to get – there are stringent requirements that have to be met and the application process can be timely, arduous and down-right confusing at times.  Kapitus is here to help you navigate the process – from determining eligibility, to building out your application package through final submission and approval!

Qualifying for an SBA Loan is based on a huge number of factors, including the type of loan you are trying to secure and varying types of business-specific information based on your industry.  This  already seems a bit overwhelming, no?   So, let’s start with the minimum basic qualifications required!

• You must have a U.S.-based, for profit business
• You must have a personal credit score of at least 680
• You must have established business credit
• Your business needs to have been operating for at least 2 years
• You must be able to show profitability

Already knocked out of the running? Don’t panic! There are a number of other affordable business funding options available to you

Things still looking good for you? Reach out and we’ll help you get the application process started.

Applying for an SBA Loan requires a lot of documentation and paperwork, so gear up for a bit of a long ride and a lot of time going through business records.  The end result is worth it, though.  To get you started, fill out our short online application, which provides us with the basics about your business.  Our Financing Specialists will perform a complimentary review of your application and determine what else is needed.  This allows us to streamline the process for you so that you know exactly where to spend your time on gathering the appropriate documents. Your Financing Specialist will then take you through each step of the application and funding process, serving as your guide the entire way.

At Kapitus we specialize in two SBA Loan programs – the 7(a) program and the Express Loans Program

• SBA 7(a) – this is the most commonly used SBA program because there are very few limitations around how small businesses can use the loan. Meaning you can use if for real estate purchases, and partner buyouts…or anything in between. Loan amounts in the SBA 7(a) program range from $100,000 to $5,000,000, with terms that can go as far out as 25 years and affordable rates ranging from Prime plus 2.7% to 3.7% (current prime rate is 3.25%).
• SBA Express Loan – the loans in the SBA Express Loan program are great for businesses who need access to financing quickly, as they offer an expedited application process where loans can be closed and funded in just 14 days. Similar to 7(a) loans, there are very few limitations around how the loan can be used.  Loan amounts in the Express Loan Program can go up to $350,000.