SBA Working Capital and Debt Refinancing Loans
$30,000 to $350,000
The best way for most businesses to get essential funds to successfully run daily operations and to save on high interest debt.
GreatBiz Funding has been makes loans ranging from $10,000 to $2,500,000 to small businesses who may have trouble securing funding from banks and other traditional sources. We consider non-traditional collateral, offer flexibility in the loan structure, and loan decisions and relationships are managed locally. We also work to ensure our clients’ success by offering highly customized, peer-to-peer business coaching by an extensive network of local, successful business owners. This innovative blend of lending and learning helps entrepreneurs overcome obstacles, grow strategically, and create jobs.
GreatBiz Funding will make loans for as little as $10,000 and as much as $2,500,000. Repayment terms are flexible and based on cash flow and use of funds.
Credit history is one of the most important factors in making our decision to provide a loan. Credit history is the clearest indication we have of your willingness and ability to repay loans. However, we are willing to take into consideration extraordinary circumstances that may have damaged a previously good credit history.
Yes, lenders may ask you to pledge your business assets to secure a loan.
A business plan is necessary for start-ups and can be very useful for existing businesses, especially when major changes are planned. A business plan does not have to be lengthy, but should outline your goals and business direction. Our application packet includes lists of questions to be answered during the application process. It is important for us to be clear on the history of the business and where you see it going; how the business operates and brings in customers; and how the use of the loan funds will fit in with the other financial aspects of the business.
Once we have a fully completed application packet, GreatBiz Funding aims to have an answer to you within 2-3 days.
GreatBiz Funding can typically close a loan immediately upon notifying the loan applicant of the approval based upon all approval conditions being met.