strategic planning

A personalized approach to SBA 7

Financial service world is here to help you navigate the complex and often confusing SBA 7  process. With great interest rates, affordable once-monthly payments and no prepayment penalties, federally-backed SBA sponsorship are considered the gold standard in small business lending. We’ll pair you with a dedicated finance specialist who will help you prepare a complete and SBA approval-friendly application.

SBA 7

  • Sponsorship amounts from $500k-$5Billion
  • 10 year sponsorship term
  • Rate of Prime+2.75% (Currently 7.5%1)
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Eligibility requirements

  • Businesses in operation for 2 years or longer.
  • Minimum annual revenue of at least $400,000.
  • No current federal tax liens.
  • Minimum 650 FICO score(s)3.
  • SBA Eligible industries

What documents do I need?

Here are the most common business and personal documents required for your initial SBA 7(a) application. If your application package is initially approved during underwriting, your dedicated finance Specialist will reach out and help you collect additional documents to validate your business and use of proceeds.

Business

  • 3 years of business tax Returns
  • Business financial statements – Current Balance Sheet and Profit & Loss Statement (if current year taxes are not ready)
  • Business debt schedule

Personal (for the Guarantor)

  • 3 years of Personal Tax returns for each business owner who owns more than 20%
  • Personal Financial Statement
  • Signed authorization to pull credit

How it works!

With a dedicated financial service world Specialist, we make sure you’re spending time running your business and not managing your SBA 7(a) sponsorship application. Applying won’t affect your credit score.*

  • Start your SBA 7 application online by answering a few questions about you and your business. This takes about 6 minutes.
  • Receive a call from your dedicated finance Specialist who will get to know your business and discuss your needs in order to help you complete your SBA application.
  • Work with your finance Specialist to collect the needed documents, build, and submit your SBA application and credit package to our network of SBA Lenders.
  • After an SBA lender in our network receives your completed application package, they will do a final review/underwrite of your application. Typically, SBA 7(a) applicants will receive their decision within 3 weeks.2
  • Once approved, our SBA lending partner will share a Proposal Letter (outlines the expected terms of your unique offer) for you to review and sign.
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