SBG Funding Reviews

For small business funding, SBG Funding offers term business loans, lines of credit and other types of loans. It provides loans that are partly backed by the Small Business Administration (SBA) and loans specifically for equipment and invoicing capital.

If you meet the basic criteria to qualify for a loan or other type of business financing, you can apply quickly online with SBG Funding. The company states that most applicants receive funding within 12 hours or by the next business day.

If you run a small business that has been operational for at least six months, you may qualify for funding with SBG Funding. Determine what type of loan you require before applying online.

For larger needs of up to $10 million, you can try the term loan or SBA 7(a) loan with SBG Funding. Business lines of credit and bridge capital loans are shorter-term options that may serve you. For most SBG Funding products, you need at least a 600 FICO score to qualify.

Whether you want a small business term loan or a line of credit to only access what you need at any given time, SBG Funding has plenty of options. It offers small business loans, lines of credit and the ability to borrow against unpaid invoices, among others.

Small business term loan: Get financing of up to $10 million with term lengths of six months up to 7 years. Your business must have been operational for at least six months, have at least $250,000 in annual revenue, and have a minimum FICO score of 600.

Business line of credit: An SBG Funding business line of credit provides revolving credit for six to 24 months. Credit lines go up to $750,000 and you only pay for the amount you use, with a starting rate of 1% per month.

To qualify for a business line of credit, you need to have been in business for six months, have $350,000 in annual revenue, and have a FICO score of at least 600.

Bridge capital: A form of business funding for shorter-term needs, a bridge capital loan provides up to $1 million in funding with terms from six to 24 months. Qualify with $250,000 or more in annual revenue, four latest bank statements, and a minimum FICO score of 600.

Equipment financing: With terms from one to seven years and rates beginning at 3.75%, SBG Funding can finance up to 100% of the value of business equipment.

Invoice financing: Borrow against unpaid invoices to get paid up to 90% on eligible receivables.

SBA 7(a) loan: You can take out SBG Funding loans that are partially backed by the Small Business Administration. There’s no down payment, a maximum of $10 million, and terms from two to ten years. Interest rates begin at the prime rate plus 2.5%. You need two years in business, profitability and a minimum 650 FICO score.

SBG Funding’s website states the starting interest rates for its business financing options, but information on other fees and charges is not included. For business term loans, you pay rates starting at 1.75% per month at the time of publishing. For a business line of credit, interest rates begin at 1% per month. If you select bridge capital funding, rates start at 1.92% per month. If you need equipment financing, the rates begin at 3.75%. Using SBG Funding for invoice financing means 0.25% interest weekly. Finally, getting SBA 7(a) funding gives you a starting rate of prime plus 2.5%.

Businesses can use SBG Funding to secure necessary funding to achieve maintenance and growth. However, SBG Funding doesn’t offer asset-based loans or inventory financing, unlike some other business lenders.

Although SBG Funding offers rapid loan approval and funding, its available online information may be misleading. For example, the FAQ section states that you need above a 500 FICO score to get a line of credit, but in the main business line of credit section, the minimum listed is 600.

Your loan specifications will depend on your business and its financial performance thus far. As with all loan products, it’s crucial to understand the term length, interest rate, fees and other penalties involved before borrowing money.