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Cafe Owners
SBA Loan
While partially guaranteed by the government, SBA loans help business get access to working capital while securing a low interest and long repayment term.

What is an SBA?

A Small Business Administration Loan (“SBA Loan”) is a small business loan program administered by the Small Business Administration and is partially guaranteed by the government. This program works with other financial institutions to help give small businesses access to working capital that has longer terms and lower interest rates. Most businesses seeking working capital to purchase inventory, operate or expand a business can benefit from a SBA Loan.

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Secure Financing For Your Business

Many companies have business needs such as expanding in technology or location, payroll needs, new marketing endeavors, which require access to working capital that have longer terms and lower interest rates. SBA Loan amounts typically range from $500 to $5.5 million dollars upon approval. Due to the fact that an SBA Loan is partially guaranteed by the government, it helps reduce the lender’s risks, which allows for the lower rates and longer terms.

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SBA Loan Details

Advantages

  • Broad eligibility requirements

  • Capped interest rates

  • Small and large loan amounts offered

  • Businesses typically not approved for traditional loans could qualify

Disadvantages

  • Borrowers typically must make a down payment

  • Collateral could be required

  • Slow approval process

  • Low-credit applicants generally not approved

Will your business qualify?

Approval for an SBA loan from Mahomes Capital Funding isn’t based on your credit score alone. We focus on the overall health of your business. Here are some factors we consider:

Which documentation is required?

We at Mahomes Capital Funding want to make the funding process as simple as possible for you. Therefore, minimal documentation is needed for your application

650+ personal credit score

2+ years in business

The business owner must be a U.S. citizen or legal permanent resident

Must not have outstanding tax liens

No bankruptcies or foreclosures in the last 3 years

Signed one page funding application

Business mortgage statement (if you own); business lease agreement (if you rent)

Full credit report

Recent business bank statements

Business tax return (not all cases)

How To Apply

Prequalify Online

To get prequalified, follow the "Apply Now" button and submit some basic business information.

Same Day Approval

After your submission has been processed by the underwriting team, we will reach out to discuss the options you qualify for.

Get Funded

Upon approval and accepting the offer, funds are deposited directly into your business bank account so you can use the money immediately.

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