Repayment of loan
Terms for SBG Funding loans are among the most flexible in the business. Loan repayment can be completed in as little as one year or spread out over five years, depending on your financial situation. You can better control your financial cash flow with various repayment terms. This kind of flexibility in payback terms is uncommon among other lenders.
Flexible solutions also provide customers with the choice to pay on a biweekly or monthly payment basis, which enables you to avoid any additional charges or interest rates that you may incur. However, there is a cost for the loan's origination, which is standard practice in the sector. Your loan agreement will include how much of an origination charge you will have to pay.
Early payoff
If you wish to pay off your debt earlier than expected, you can without incurring additional fees, you can do so without fear of being penalized. There are no pre-payment penalties. No hidden costs or prepayment penalties are involved when paying off a line of credit. There is the possibility of making payments on a weekly or monthly basis. There may be variations in SBG funding rates due to the lender's requirements as well as the rules and regulations of the state.