WHY SBA LOANS WITH DIRECT
The bar in small business lending, SBA loans
We’re are a dedicated marketplace for SBA loans— Assisting small businesses in successfully funding loans for the entire United States. Get rates as low as 7.00% and Capital up to $6,000,000 with Direct Merchant Funding.
LOAN APPROVALS
$30,000 – $6 million
INTEREST RATES
7-10. 25%
PAYMENT TERMS
5-10 years
Okay, so what are SBA loans?
Many say the SBA loan is the best for small business owners who want to expand. We agree, funds from these loans can help in a plethora of ways to help a small business thrive. We assist in reviewing costs, qualifications, purpose & use, etc. to help you cearly understand and determine if this type of loan is the best option for your business.
Let's cover the essentials of an SBA loan
Small Business Administration (SBA) was founded in 1953 as a way to assist the small business community in the United States. An SBA loan is guaranteed partially by the gov’t with a long-term and low-interest rates. The SBA gives a guarantee on the loan, to the bank for a certain percentage of the loan if a default occurs on the loan. With the govt’s guarantee, banks have a lower risk, which stimulates and promotes more lending to the small business community. The process, requirements and fees will depend on the bank or institution providing the SBA loan.
Now, where do you apply for one?
Most probably won’t realize that while one bank may decline, another may find the potential borrower suitable to lend to. Not so long ago, entrepreneurs alot of times had one choice when pursuing an SBA loan. Innovation presently enables the awareness of an SBA loan provider online that are a solid fit. Knowing what our variety of lenders are looking for in a profile we’re able to get loans for many applicants who may have been turned down by local banks. We use technology that matches borrowers with the banks with higher probability to approve their loan request. Dont let the process be cumbersome allow Directget you the program that fits today.
And, what do they cost the borrower?
We can offer products like Bank Term loans for small businesses that don’t or cannot qualify for an SBA loan immediately or the future. This is also for such a time where funds may be needed quicker. Our system enables fast and easy SBA loan process with monthly payments and great rates, Our SBA banks increases the chance of getting an approval, and funding your loan.
And, what if my business doesn’t qualify?
We can offer Bank Term loans for small businesses that don’t qualify for an SBA loan immediately. This is also for times where funds may be needed quicker. Our system enables fast and easy SBA loan process with monthly payments and great rates, Our SBA banks increases the chance of getting an approval, and funding your loan.
$500,000 – $5 million
7.00% to 8.25%
(Prime Rate plus 1.50% to 2.75%)
$30,000 – $350,000
8.25% to 9.25%
(Prime Rate plus 1.50% to 2.75%)
Small Business Matters
We realize the importance of small businesses on community. The service to the community from the owners and staff of small businesses are vital to the make up of America. In keeping America great we do our part by assisting and providing the leverage needed to secure working capital to grow and go beyond.
Alternative Loans
Fixed Rates
15% – 45%
Funding Process
1 – 14 days
Typical Payment For A $100,000 Loan
$12,000 per month
(daily payments required)
SBA Loans
Estimated Apr
7.43% – 11.04%
Funding Process
as fast as 7 days
Typical Payment For A $100,000 Loan
$1,227 per month
(no daily payments)
Our SBA banks increases the chance of getting an approval
and funding your loan. We do our part by assisting and providing the leverage needed to secure working capital. Grow with affordable capital options.
Documents Required to Apply for an SBA Loan
Direct Merchant Funding SBA Loan program for small business
Direct applicants must submit to us the 3 most previous years of business and personal tax returns.
We also require Financial Statements for each each individual owning 20% or more of the company at the time of application.
Also known as an Profit and loss, a Profit and Loss Statement is a companies metric for guaging financial performance and productivity regarding revenue and business expenses for a specific period.
Collateral required depends on the SBA loan size. If you apply for a loan through Direct Merchant Finance, collateral or a lien on business assets is required by our bank partners. The following can be used as such: assets, accounts receivable or inventory, as well new equipment purchased with capital from the loan. The value of your assets doesn’t need to equal the loan amount you are requesting. Commercial real estate owned by the business can be used as well.
These may be corporate/company and location documentation like Articles of Incorporation, organization articles, agreements for franchises/ partnerships, commercial leases, or business licenses.
Our specialists are highly experienced and dedicated to getting matched with the best programs for your business needs
Get pre-qualified for SBA, bank, and more Loan in minutes
Get pre-qualified for a loan program with NO IMPACT to your credit score.
We’ve got the answers.
Call (844) 511-FUND
Quick and Seamless Process with Affordable Results
Direct’s business capital market place has it all from SBA & Term Loans to Working Capital with no collateral needed. Options that work for your business.
Directhas affordable Loan programs for your business
As you decide to go with an SBA, Bank Term loan, or alternative type program we’ve simplified the application process in a few steps fast and easy with no confusion. Direct Merchant Funding.