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Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

SBG Funding

Finanso.Multilogin™

About lender

SBG Funding is a non-traditional lender providing financial services that cater to small business needs. They do this by giving small businesses access to credit lines and loans, which assists new firms in growing to their full potential.

The company was founded in 2017 in New York City (NYC). It offers flexible financing options at cheap rates, regardless of the type of industry or the credit history of the business applicant. It provides several loan choices, such as invoice finance, equipment financing, business lines of credit, and term loans. You can get a loan from this lender on various terms without incurring additional expenses.

SBG Funding offers the most adaptable combination of features, boasting an acceptance rate of 85% of applications. Since November 15, 2017, the Better Business Bureau has acknowledged SBG Funding as a company that provides various financial services (BBB). When you give the company your personal information, you consent to them to approach Mission Capital LLC and other third-party funding sources, including SBG Funding.

Pros and cons

Pros

  • Available loan options for a variety of sectors

  • Low APR and interest rates

  • No pre-payment penalties

  • Flexible and lenient requirements

  • No documented SBG grant frauds

  • Large loan amounts available.

Cons

  • No incentive schemes or unique benefits

  • Must have a monthly revenue of $10,000 for the business.

Terms and conditions

Small business term loan

SBG Funding provides small business owners with loans of up to $5 million in short-term loans. There are no restrictions on how long borrowers have to repay the loan. You have the option to pay biweekly or monthly.

A small business term loan from SBG starts at 1.75% interest. You'll be able to get that rate only if you have a good credit history. You'll get a better deal on a loan if you have a higher credit score. If you have a low credit score, SBG Funding will work with you. Even though you will be charged extra if your credit is disputed, SBG does not base its final decision only on your FICO score. SBG claims that its loan term approval rate is 85%. Within 24 hours, they can make a choice. In addition, SBG Funding allows you to pay down your small business loan early without incurring a prepayment penalty.

A business line of credit

For small business owners, SBG Funding offers a business line of credit that may be accessed at any time and only pays interest on the amount used at any particular time. Payment lengths range from six months to two years, and the maximum loan amount is $150,000. Payback terms are often limited, and the options are limited. Within 24 hours after applying, you will receive an answer from SBG Funding. Weekly or monthly payments are available. Lines of credit for small businesses start at 1.75%.

Bridge capital

A business bridge capital loan is a quick and short-term loan. Bridge loans from SBG Funding go up to $1 million, and you can pay them back over six to 24 months, either weekly or monthly. Bridge loans’ rates start at 1.92% and go up depending on your credit score. You will know if you qualify for a loan within a day of applying.

Equipment financing

If your business needs expensive equipment to run, SBG Funding can help you get the money you need to buy the necessary machinery or tools to keep your business going or grow it. With its equipment financing program, business owners can fund the entire purchase and pay it back over one to seven years. You can pay monthly, and there's no penalty for paying them off early. Rates start at 3.75%, and SBG usually decides in 48 hours.

Invoice financing

SBG Funding offers invoice financing for business owners who don't want to wait for their bills to be paid. You can fund up to 90% of the amount of an invoice, which is a lot for the business world. Rates start at 0.25%, and SBG Funding will let you know within 24 hours what their final decision is. You can pay SBG either once a week or once a month.

Funding

SBG Funding offers a straightforward loan process for you. The application process is quick, and small business owners have fair overall requirements. After you fill out an SBG loan application process online or over the phone with a loan specialist, a representative will call you to discuss your financing options.

Most of the time, you'll hear back from SBG within 12 to 48 hours. For small business term loans and business lines of credit, there is a same day funding, meaning the company will disburse the funds the same day you sign a loan agreement. For equipment financing, the funding will take 48 hours.

FAQ

What is SBG Funding?

SBG Funding is a non-traditional lender that has been assisting proprietors of small businesses for many years. It provides a wide range of loan choices, such as invoice financing, equipment financing, loan term, and business lines of credit.

Is SBG Funding legitimate?

Yes. The Better Business Bureau has, as of November 15, 2017, acknowledged SBG Funding as a trustworthy supplier of financial services (BBB).

What does SBG Funding offer?

SBG Funding provides clients with a wide range of loan choices, such as invoice financing, term loans, equipment financing, and lines of credit. The terms of this loan are incredibly flexible, and the lender does not impose any additional costs. 

Company documents

Privacy Policy

We are a niche business financing firm with years of experience in the finance industry. 

© SBG Funding

Calculate loan payments in SBG Funding

SBG Funding calculator will allow you to calculate an approximate payment schedule for the loan

SBG Funding calculator
Interest rates are given in accordance with the rates of the SBG Funding in Washington, D.C. as of 03.10.2022
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What to focus on before applying for a loan with SBG Funding

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between SBG Funding and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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