SBA Loan by Lendistry

SBA Loan by Lendistry

Lendistry’s SBA Loans offer qualifying businesses planning for long term growth rates no higher than 10.25%*, terms up to 10-years, and monthly payments. Lendistry’s experienced team members and streamlined online application can expedite the SBA process, and our access to state and federal loan guarantee programs mean we can be more flexible with collateral requirements. *Varying rates subject to loan amount, loan term, and current prime rate.

9/10

Cost
10% Complete
Low High
Effort to Apply
70% Complete
Easy Difficult
Funding Speed
65% Complete
Minutes Months
Repayment Terms
90% Complete
Months Years

Bottom Line

A great SBA option for those that qualify.

Pros

Loans up to 10 years to keep monthly payments low. Great rates. High funding amounts and potentially quicker funding speeds than other SBA options.

Cons

2% packaging fee and a UCC filing. Only lends to California businesses.

Cost
6% - 10.25% APR
Repayment Terms
Monthly payments for 1 - 10 years
Funding Amount
$50,000 - $5,000,000
Origination Fee
None
Funding Speed
2 - 4 weeks
Other Fees
$100 for UCC filing; 2% packaging fee
Annual Revenue
At least $150,000
Time in Business
At least 1 year in business
Knockouts
No bankruptcies in the past 3 years. No more than 3 MCA UCC filings. No default or government debt. No defaults on government debt.
Prepayment Penalty
None

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