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Lender
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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.

Apply for a SBG Funding's loan

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How to apply

  1. Visit the SBG Funding website and fill in your full name, business email address, phone number, website address, and business information;

  2. Sign the e-application;

  3. Upload all the essential files and documentation;

  4. After you fill out this short form, an agent will get in touch with you within 24 hours.

  5. Read the terms and conditions;

  6. Take the loan offer;

  7. Get money into your bank account on the same day.

Requirements

When applying for an SBG Funding line of credit, you must have a credit score of 500 or higher, be in the company for six months or more, generate $10,000 in monthly revenue, and present six months' worth of business bank statements to be considered.

Application details

You can get a loan online or by phone when applying for a loan with SBG Funding. You must provide specifics about yourself, such as your date of birth, full name, and email address, among other things. Your company's tax I.D. number, kind of legal entity, sector of business, state of operation, and contact information, such as a business address, phone number, and email address, will all be requested.

You'll also be required to submit financial information such as your annual business revenue and your daily bank balance. SBG Funding will also need information about the location of your business, such as the property management company's name and phone number and the rent you pay each month. To back up your claims, you'll need to offer supporting documentation.

FAQ

What does SBG Funding require to qualify?

To get a loan from SBG Funding, you must have been in business for at least six months, have a credit score of at least 500, make at least $10,000 a month, and show SBG Funding six months of bank statements for your business.

How long does it take SBG Funding to transfer funds?

You can expect a decision from SBG Funding somewhere between 12 and 48 hours after submitting your application, with funding coming soon after that.

How long do I need to be in business to qualify for SBG Funding?

To be eligible for a loan from SBG Funding, your company must have been operational for at least six months, have a monthly income of at least $10,000, and provide bank statements spanning the previous six months.

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 24.09.2022
Loan amount
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Enter the desired loan amount

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5000 $
5000000 $
Loan term
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Specify the loan term for the calculation

months
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24

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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