FASTWAY SBA
The Express Route to SBA Funding
Fastway SBA is a trusted lending partner for SBA loans. Our Mission is to Empower and Grow Small Businesses by providing fast and affordable financing.
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Wondering if a long-term loan is right for your business? Find out now with FASTWAY SBA’s risk-free loan calculator. In just a few simple clicks you can unlock your estimated monthly payment and discover just how affordable growing your business can be.
EIDL Forgiveness Status
The SBA has processed over 3.8 million EIDL loan forgiveness applications as of Q1 2024, with billions in relief provided to eligible businesses. In total, the SBA could forgo collections on over $72 billion of COVID program loans, without appropriate justification or authorization to do so by Congress. However, there is still a backlog, with processing times averaging 6-8 weeks. Key eligibility criteria includes proving a 30%+ revenue loss in any 8-week period after the covered period began and having spent EIDL funds on eligible expenses like payroll, rent, utilities, etc. The maximum forgiveness amount is $150,000.
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We cracked the code for SBA Funding for Businesses in these Specific Industries
TOP 4 FACTS TO KNOW BEFORE APPLYING FOR AN SBA LOAN!
Read full Article here: https://www.fastwaysba.com/blog/what-to-know-before-applying-for-a-sba-loan
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Your Minimum Time in business must be 2 years. HAVE YOU FILED TAX RETURNS? - Is there currently any personal or business tax liabilities? DOES YOUR BUSINESS SHOW PROFITABILITY ON LAST FILED TAX RETURN Great News! Even with Losses declared, your business can still be approved!
WHAT IS YOUR PERSONAL CREDIT? Minimum Credit is 650 for SBA Loans
Providing Fast SBA FUNDING$50 -- $500,000 SBA Term Loans and Lines of Credit
10 year – Monthly Payments
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Top Way for SBA loan Approval - High SBSS SCORE
The Fastest way to know if your business will be approved is to check your Business’s SBSS SCORE. The SBA uses the SBSS score to prescreen businesses applying for SBA loans. Learn More Today.
With over $400M funded for American Small Businesses, our proven methods have arranged financing for thousands. We approach each unique business with common sense underwriting, booking more loans successfully.
Up to $5 million
With SBA Loans, borrowers can receive up to $5 million with repayment terms of up to 25 years. These loans are attractive to small businesses due to their affordable cost and long term structure. Funds can be used for various small business purposes, including working capital, equipment, and real estate.
Making a Winning Gameplan
Prior to diving into a full SBA application submission, the team at Fastway SBA provides each prospective applicant an overview of what is possible, based on key qualifying characteristics of your business. We use these benchmarks to understand your business’s unique pre-approval: Time in Business, Personal Credit Score, Business Profitability, Industry Type, and Current Business Debt Servicing.
With over $400M funded for American Small Businesses, our proven methods have arranged financing for thousands. We approach each unique business with common sense underwriting, booking more loans successfully.
Super fast funding process!
John was very professional and the loan process was smooth and moved quickly to funding
Successful SBA Loan Funding
Don’t just take our word for it, check out what our customers have to say about Fastway SBA.
Have nothing but positive things…
Have nothing but positive things to say about Cory and Fastway on the SBA loan process. Have nothing but positive things to say for Matthew and Fastway about our loan process. They provide customer service along with the ability to push through potential uw roadbloacks. I can’t thank them enough!
Would Highly Recommend
Thanks for approving and for helping me close on the loan. Monthly payments and the 10 year term makes this very affordable for business. Can’t say enough positive things about how the process was, even when there were some hiccups along the way, the loan was closed after Matt worked with the bank to move things along. Thanks again!
The reasons why we are the best route for obtaining an SBA loan.
Versatile Loan Options
SBA loans are specifically engineered to support business growth. So whether you’re looking to buy equipment, acquire real estate or address business working capital needs, the SBA’s mission is to help expand American Small Businesses.
Rapid Capital Access to SBA Loans
Since SBA loans are guaranteed by the federal government, banks are confident to lend to SBA approved businesses that would otherwise be declined for conventional bank credit. This makes for a simpler funding process, eliminating the usual underwriting obstacles.
Attractive Terms
Our SBA lenders offer extended repayment timelines along with competitive low-interest rates. The SBA loans we offer are definitively the more advantageous option compared to other small business lending choices.
FASTWAY SBA
The Express Route to SBA Funding
Fastway SBA is a trusted lending partner for SBA loans. Our Mission is to Empower and Grow Small Businesses by providing fast and affordable financing. With SBA Loans, borrowers can receive up to $5 million with repayment terms of up to 25 years. These loans are attractive to small businesses due to their affordable cost and long term structure. Funds can be used for various small business purposes, including working capital, equipment, and real estate.
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