SBA Community Advantage loan
From Money Man 4 Business
Check your eligibility in less
than 3 minutes with our Eligibility test.
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Best for small business owners
We are very proud to announce our new SBA Community Advantage program. We at Money Man 4 Business understands the financial problems of small business owners. Most small business owners might not be eligible for other SBA programs due to their higher qualifications terms. But we have made this easier with this SBA Community Advantage programs where most business owners will easily qualify. Just take our 3 minutes eligibility Survey to check your business eligibility.
What is SBA Community Advantage Loan Program?
SBA Community Advantage loan program is a part of U.S. SBA 7(a) Loan program. This SBA Community Advantage loan is specifically designed for small businesses who are usually not eligible for all other SBA loan programs. The eligibility of this program is designed such a way where it can provide financial support to underserved market Example: start up companies and very low income businesses. Also this program offer a very competitive interest rate and repayment term.
Features:
- No minimum credit score requirement
- Start ups only require a 5% – 10% injection from the borrower
- Bankruptcy discharged must be 3 years or older
- No collateral required
- Loan Amount: $30,000.00-$350,000.00
- Rate: 9.50%-13.25% (determined by underwriting depending on risk rate)
- Term 10 years
- No prepayment penalty
- Nationwide Lender
- Acquisitions, Existing, and Start Up loans for business owners
Eligibility
SBA Community Advantage program can be used in working capital, equipment purchase, buying new inventory, operating capital, tenant improvements, debt refinance, and commercial real estate (25 year term for CRE).
Speak with our CFO Mr. John Guillory.
It’s very simple to make an Inquiry online or take a 3 minutes eligibility survey at our website or just call us at 888.882.2741 Ext.0 (888.88.CASH.1 ext-0) and ask for Mr John Guillory.
Recent Fundings
Recent Funding 1: $350,000 10-year term at $4,132.50 per month
Recent Funding 2: $250,000 10-year term at $3,443.75 per month
Recent Funding 3: $145,000 10-year term at $1,997.38 per month
Personal and business requirements to apply for an SBA Community Advantage Loan program:
Usually SBA Loans are for healthy borrowers and businesses operated for at least 18 months with good credit score of 650+. But In this SBA Community Advantage Loan program is easy to qualify. No Minimum credit score required. Start ups also can be eligible for this sba program. Businesses must have no bankruptcy or foreclosure and having good cashflow that is sufficient for repayment of the loan till the loan closing date will be qualified. Your cashflow and business revenue will be very much dependent for your business loan approval And Different lenders might have different criteria to get approved.
Even after that if you do not get approved by any of the lending company no worry. Our advisors will recommend you procedure to increase financial health or recommend any other best programs upon your requirement. Remember we are here to help your business growth.
Eligibility
- Must be a US Based business
- Must have two business years of revenue & tax returns reported to the IRS
- Must be in business 13+ months
Required Documents:
- Six months of bank statements, current month to the date Bank statement
- Two or three years of Business tax returns.
- Three years of personal tax returns for each owner of the business.
- Current Year to Date P&L / Balance Sheet for the most recent 90 days.
- Schedule of Liabilities (download) Biz-debts with Statements in Biz-name. Loans like SBA EIDL, MCA, Credit Cards.
- Color copy of US government-issued identification. If State Drivers License must have both sides in color
- Copy of your Experian credit report https://www.experian.com/
- Money Man 4 Business application (LINK)
Call us today we will assist with any questions or application requirements. Loans are Pre-Approved within 2 business days and complete funding within 5 to 15 business days.
Get Started Here!
It is quite easy for you to apply with us. Just visit our website moneyman4business.com. Look for SBA Community Advantage loan program or any other programs you like to apply. At the top of the page you will find Apply online button, Just hit it and fill the application and you are good to go or else just call us at 888.882.2741 Ext-0. We are always here to help, If for whatever reason it goes to voicemail, We will call you back as soon as possible.