SBA Loans for the growth of your business
Loans up to $5M. In most cases, No Collateral Required*
Obtain funding within a few days after approval.
Simple & Easy
Bad Credit or Past Credit Issues may NOT be a problem.
Approval within 24-hours of submitting the application.
Cadreau Capital Funding Makes Attaining SBA Loans Quick & Simple!
Traditional SBA loan applications take up to 120 days to close. However, a CCF SBA Marketplace loan usually closes within 3-5 weeks with some closing in as fast as 7-days! Having perfect credit scores are required for a traditional SBA Loan, but CCF SBA Marketplace loans can be approved for applicants with a FICO score of just over 650.
Here are the other basic requirements for an SBA Marketplace loan:
- Corporation or LLC with at least 10 employees
- In business at least 2 years
- Annual gross sales at least $1.2 million
- US citizenship or legal permanent resident
- No bankruptcies or foreclosures in the past three years
- No price defaults on government-backed loans
- No outstanding tax liens
- No outstanding collection accounts
Contact us today for your FREE SBA business loan consultation!
What Documents Will I Need To Apply For SBA Loans?
Voided Business Check
Business Tax Returns
Credit Card Processing Statements
Ready to take the next step and apply for a SBA Marketplace Loan?
What Are SBA Marketplace Loans?
SBA marketplace loans are some of the most inexpensive and suitable business funding programs in existence. You can borrow from $50K to $10M with interest rates ranging from 6.25% to 7.25%. Traditional SBA loans must be repaid within 12-18 months; however, borrowers can take up to 25 years to repay SBA Marketplace loans. There is no pre-payment penalty, and paperwork is minimal compared to a traditional business loan.
The payment system for an SBA Marketplace loans is highly similar to that of a standard business term loan. Fixed payments are made each month, though they will be considerably lower than payments for a business term loan or SBA Loan retrieved through a bank. And unlike the bank, Cadreau Capital Funding can develop terms that account for variations in cash flow due to situations like seasonality.
Applicants interested in long repayment periods would be wise to write a business plan that outlines anticipated cash flow since such applicants will likely rely on projected cash flow to make future payments. This business plan should explain how the funds will be used to create the cash flow that is needed to pay off the loan in full. However, CCF understand it is virtually impossible to flawlessly predict revenue over a long-time frame and will not develop terms that would only help you if you accomplish specific projections.
Funds from SBA Marketplace loans can be used in several ways since the terms are so flexible and the approval process is so short.
What do I need An SBA Loan for?
SBA Marketplace loans are typically personalized for businesses seeking large sums of cash for large investments. Examples include remodeling, buying bulk inventory, hiring more staff, developing a new product, or launching an expansive advertising campaign. You can even use the funds to pay off an existing balance with a higher interest rate or cover normal overheads during a slow period.
But no matter how you select to use the capitals, steadily increasing revenue and stabilizing cash flow should be a top priority. If you need to get through a brief slump, you should use the extra time and monthly cushion to actively pursue long-term revenue goals. Cash flow should be back on track by the time you are well into your repayment plan.
Partner with Cadreau Capital Funding today!
Our shortened approval process makes our SBA Marketplace loans particularly helpful for unexpected challenges or opportunities. You can act swiftly on significant investments without having the fear of making large, monthly payments immediately afterward. Apply now to see how much you qualify for!