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SBA 7 (a)

About SBA 7 (a)

An SBA 7(a) loan is a small business loan that eliminates some of the risk for the lending institution with a partial guarantee made by the Small Business Administration. In other words, the government guarantees part of it, but it is not a business capital loan that is made by the government. Rather, it is made by an approved lender. The lender is able to provide better terms knowing that if the borrower fails to pay back the loan, the SBA will cover a portion of the loaned amount. The application process can be thorough and somewhat restrictive.

 

  • Backed by the Small Business Administration
  • Low-risk SBA-guaranteed Advance
  • Favorable Loan Terms
SBA 7 (a)
SBA 7 (a)

Why do businesses need SBA 7 (a)?

Without money for business operations or large purchases, companies need to receive funding from an outside party. Sometimes they need a substantial amount of money, and if they qualify, an SBA loan can be the perfect solution. Situations vary, and it is important to consult a qualified advisor. At Alternative Funding Group, our trusted advisors help businesses in the United States determine whether or not an SBA 7(a) loan is the most appropriate solution for their needs.

 

Who is Alternative Funding?

Alternative Funding Group is the most trusted asset-based financing group and lender of nontraditional business loans. The number of businesses we have worked with is commensurate with our willingness to help small businesses and entrepreneurs. It demonstrates our understanding of the unique needs and challenges that are found in various industries. No company is the same, and neither is every industry. At Alternative Funding Group, we pride ourselves in helping make business possible for companies as diverse as you can imagine.

SBA 7 (a)
SBA 7 (a)

How can Alternative Funding help businesses with SBA 7 (a)?

Helping businesses with funding solutions is our business, and SBA 7(a) loans are just one of the tools in our arsenal. As the #1 most trusted financial lender for growing businesses in a wide range of industries, Alternative Funding Group can help meet your company’s financial needs. We can fund your business without any of the troubles often associated with traditional lending options. Our terms and conditions make it as hassle-free as possible, and our SBA 7(a) loan service may be the best solution for your company’s needs.

 

Recommendations From Other Businesses

 Tony and his team were very professional in their approach to our sale. He kept in touch with us on a regular basis to keep us informed of progress and what they were doing to secure a sale for us. We sold very quickly and the process was easy. They are honest and straight forward when dealing with clients and we would highly recommend them. –

Lennox C.

The application process was streamlined and staff were very responsive. The instructions I received were clear. The tenancy video was really clever in terms of sharing important info.

Jasper R.

Alternative Funding keeps the application process simple so you can focus on meeting your business needs, from keeping payroll covered to purchasing more inventory in busy seasons. We will truly recommend ALT FUNDING GROUP to all business owners out there who needs funding assistance. And Tony was great to work with!

Riley V.

FREQUENTLY ASKED QUESTIONS

Get answers to questions from our other clients

Am I eligible for a SBA 7(a) loan?

In order for your business to qualify for an SBA 7(a) loan, it must operate for profit and meet certain size requirements. More precisely, it must be a small business as defined by the SBA. It needs to operate within the United States, and alternative resources must be used before financial help is sought. Furthermore, your business needs to be able to prove its need for business funding. Upon receipt of the loaned capital, the funds must be used for legitimate business purposes. SBA 7(a) loan eligibility is precluded by delinquency on any current debt obligations to the U.S. government.

Ineligible businesses include life insurance companies, businesses that are principally engaged in political activities, and financial businesses such as payday lenders, finance companies, and banks. Speculative businesses and government-owned entities are also ineligible, as are any companies that are engaged in illegal activities. 

Why should I select the Alternative Funding Group for my SBA 7(a) loan?

SBA 7(a) loans are guaranteed by a federal government agency and strict requirements must be met in order for a business to receive one. Traditional lenders such as banks make them available but are generally quite difficult for small businesses to work with. Alternative funding agencies typically have easier, more hassle-free loan applications and approval processes. Their better loan terms and conditions make them a better option for small businesses.

One such agency is Alternative Funding Group which, with its various funding solutions, has provided much-needed business capital to small businesses across the United States. As a trusted business funds provider for companies in a wide range of industries, we do what traditional lenders have failed to do time and again. We can provide your business with funding quickly and easily, and with the best possible terms and conditions. With fairly strict eligibility requirements on their own, SBA 7(a) loans do not need additional obstacles put in place by traditional lenders.

*Due to differing bank policies, it can take several business days before your funds are available.

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