Updates, Announcements & Success Stories
Keep up with posts and updates from the team at FastWaySBA.
FastWaySBA
March 27, 2025

๐Ÿ’ผ๐Ÿข SBA 7(a) Update ๐Ÿ’ฐ๐Ÿš€: SBA Loan Guaranty Fees Return in 2025 ๐Ÿ—“๏ธ๐Ÿ’ก! After 13 years, the Small Business Administration is reinstating loan guaranty fees, effective March 27, 2025 ๐ŸŽ‰๐Ÿ“Š. As leaders in small business financing, FastWay SBA is first to break down the critical changes every entrepreneur needs to know ๐Ÿ”๐Ÿ’ผ:

  • ๐Ÿ’ต Up to $150,000: 2% of the guaranteed portion ๐Ÿ“ˆ
  • ๐Ÿ’ธ $150,001 to $700,000: 3% of the guaranteed portion ๐Ÿ’น
  • ๐Ÿ’ฐ $700,001 to $5 million: 3.5% on the guaranteed portion up to $1 million, plus 3.75% on any guaranteed portion above $1 million ๐Ÿงฎ๐Ÿ’ก

We've got the comprehensive breakdown that will help you stay ahead ๐Ÿ†๐Ÿš€!

Full details HERE ๐Ÿ“

FastWaySBA
March 24, 2025

๐Ÿš€ FastWay SBA just helped a small business in California ๐ŸŒด secure a $294K SBA loan ๐Ÿ’ฐ โ€” and weโ€™re funding deals like this every week ๐Ÿ“† across the country ๐Ÿ‡บ๐Ÿ‡ธ!

Even if youโ€™re working with a local bank ๐Ÿฆ, we can likely get you an approval faster โšก, with a better rate ๐Ÿ’ธ, and less hassle ๐Ÿ˜Œ.

We work with SBA lenders nationwide ๐ŸŒŽ โ€” so no matter where youโ€™re located ๐Ÿ“, weโ€™ve got you covered ๐Ÿ›ก๏ธ๐Ÿ’ผ.

๐Ÿ”โœจ Check your state requirements here ๐Ÿ—บ๏ธโœ…

FastWay Recently Funded
FastWaySBA
March 7, 2025

Another Deal Closed! FastWay SBA just funded a $150K SBA loan for a transportation company in New Hampshireโ€”in just 2 weeks! ๐Ÿš€

โœ… 10-year term

โœ… 10.25% rate

โœ… Quick & hassle-free funding

Need capital to grow your business? Apply today and letโ€™s get you fundedโ€”fast

FastWay Recently Funded
FastWaySBA
March 5, 2025

๐Ÿšจ Deal Closed!

FastWay SBA just funded a $250,000 SBA loan to a manufacturing company in Colorado โ€” in just 2 weeks ๐Ÿ”ฅ

โœ… $250K SBA 7(a) Loan

โœ… 10-year term

โœ… 10.25% interest rate

โœ… Lightning-fast 2-week funding

When speed matters, FastWay delivers.

Looking for SBA funding to fuel your business growth? Let's talk. Apply Today

FastWaySBA
February 27, 2025

๐ŸŽ‰ Another FastWaySBA Success! ๐Ÿš€๐Ÿ’ฐWe just funded a $325K SBA loan for a ๐Ÿ—๏ธ construction company in New Jerseyโ€”in just โณ 2 weeks! โšกโœ…

โœ… 10-year term

โœ… 10.25% rate

โœ… Fast & hassle-free funding

If your business needs capital to grow, FastWaySBA makes it happenโ€”quickly. Apply today

โšกSee Inclusive SBA Lending Insights Hereโšก

FastWaySBA
February 26, 2025

๐Ÿš€ FastWaySBA Gets It Done! We recently funded a ๐Ÿ’ฐ $150K SBA Loan for a first-time SBA borrowerโ€”a growing consulting company in ๐Ÿ“ Virginia!

โœ… Time to fund: Just โณ 2 weeks

โœ… 10-year term at ๐Ÿ“‰ 10.25%

Need funding to ๐Ÿ“ˆ scale your business? We make the SBA process fast and hassle-free.

Apply today

Did you still get an SBA loan with ๐Ÿ“‰ Losses on Your ๐Ÿ“œ Tax Return? ๐Ÿค”

FastWaySBA
February 20, 2025

At FastWay SBA we love hearing how we've helped our clients thrive. From SBA loans to Lines of Credit, there's no deal we can't get done. ๐Ÿ’ช

Did you know that you can still get an SBA loan even with tax liabilities? Read more here ๐Ÿค”

See if you qualify for an SBA loan in your state by getting started here.

FastWaySBA
February 19, 2025

Kelly Loeffler, former Georgia senator, to run Small Business Administration ๐Ÿ›๏ธ๐Ÿ“ˆ

In her new position, Loeffler will oversee the only federal cabinet agency dedicated to providing small businesses with counseling, capital, and contracting expertise ๐Ÿ’ผ๐Ÿ’ฐ, according to the agencyโ€™s website. President Donald Trump stated in December that she will also prioritize efforts to combat waste, fraud, and regulatory overreach ๐Ÿšซโš–๏ธ.

๐Ÿ‘‰ Read the Full Article HERE ๐Ÿ“–๐Ÿ”—

FastWaySBA
February 19, 2025

FastWay SBA just funded a $500K SBA loan for an engineering company in Marylandโ€”in just 2 weeks! With a 10-year term, this business is set for success.Looking for fast, flexible SBA financing? Apply today

FastWaySBA
February 17, 2025

๐Ÿšจ Breaking SBA News! ๐Ÿšจ

The SBA is now under ๐Ÿถ DOGE inspectionโ€”what does this mean for small businesses? ๐Ÿค”๐Ÿ’ผ

With DOGE granted full access to SBA systems, key questions arise about loan processing ๐Ÿ’ฐ, security ๐Ÿ”’, and lender partnerships ๐Ÿค.

Matthew Elling - The Small Business Lender, Fastway SBAโ€™s President of Program Development, breaks it all down. ๐ŸŽ™๏ธ๐Ÿ“Š

๐Ÿ‘‰ Read the full blog here: ๐Ÿ”—๐Ÿ“–

FastWaySBA
February 1, 2025

FastWaySBA fuels growth! We just funded a $205K SBA loan for an Indiana pest control company in only 2 weeks. With a 10-year term, we're helping businesses thrive. Ready to expand your company? Apply now and let FastwaySBA accelerate your success!

Apply Today

FastWaySBA
January 31, 2025

๐Ÿค” Thinking about an SBA loan? Approval isnโ€™t randomโ€”lenders check key factors to decide who gets funded! ๐Ÿ’ฐโœ…

At FastwaySBA, 90% of our pre-approved applicants secure a loan! ๐Ÿš€ Want to know what it takes?

๐Ÿ” Get the inside scoop here: ๐Ÿ”—

FastWaySBA
January 28, 2025

Weโ€™re excited to share a recent success story where we secured a $150K SBA loan for a trucking company, despite some challenges:

  • Credit score under 700
  • $30K monthly revenue
  • Losses on tax returns

Apply Today

FastWaySBA
January 24, 2025

๐Ÿ’ก Looking to secure an SBA loan? Hereโ€™s why applying with FastWaySBA is smarter than going directly to your bank:

๐Ÿฆ Banks can only offer their own productsโ€”if they decline your application, thatโ€™s it. โŒ
๐Ÿค FastWaySBA works with multiple top SBA lenders to find the best fit for your business! ๐Ÿ”๐Ÿ’ผ

๐Ÿ“– Read more here: ๐Ÿ”—

FastWaySBA
January 17, 2025

๐Ÿ’ผ๐Ÿ’ฐ There are funding programs available for business owners who are on a payment plan. However, if you have unresolved tax liens ๐Ÿšซ that are not part of a payment plan, youโ€™ll need to establish one first. ๐Ÿ“โœ… That said, we work with many clients ๐Ÿ’ช who are actively on payment plans and still securing funding successfully! ๐Ÿš€๐Ÿ’ธ

Read More Here

FastWaySBA
January 9, 2025

โŒ Think losses disqualify you from an SBA loan? Think again! โŒ

๐Ÿ“‰ A common misconception debunked by Alex McAloon! ๐Ÿ’ก Profitability is NOT a requirement for SBA loan approval.

โœ… Apply todayโ€”even with losses! ๐Ÿš€๐Ÿ’ผ
โ€
Read More Here

FastWaySBA
December 18, 2024

๐Ÿ“ข Announcement! ๐Ÿ“ข

๐Ÿ’ฐ Prime Rate at 7.5% โ€“ Apply Before Year-End and Lock in Savings! ๐Ÿ”’โœจ

๐Ÿš€ Seize your business growth moment now!

๐Ÿ“ Apply today! โœ…

Frequently Asked Question:  Can I get an SBA loan with Losses on My Tax Return?

FastWaySBA
December 5, 2024

๐ŸŒŠ The Silver Tsunami is HERE! ๐ŸŒŠ Now is the best time to get an SBA business acquisition loan.

๐Ÿ“– Read more HERE ๐Ÿ”—๐Ÿ‘€

FastWaySBA
November 25, 2024

Join Gregory Young - SBA Lender @ First Savings Bank and Alex McAloon - CEO @ FastWaySBA as we break down the secrets to SBA loan approvals.


Key Takeaways: 

  • SBA Lending Varies โ€“ Banks follow SBA guidelines but have different underwriting criteria.
  • COVID Boosted SBA Awareness โ€“ PPP and EIDL made SBA loans more popular.
  • Expert Guidance Helps โ€“ An SBA specialist simplifies the loan process.
    Learn More Here
  • FastWaySBA
    November 8, 2024

    TOP 4 FACTS TO KNOW BEFORE APPLYING FOR AN SBA LOAN!

    Read full Article HERE

    FastWaySBA
    November 1, 2024

    ๐Ÿ“ฃ ANNOUNCEMENT: We are opening up our SBA lending platform to new Referral Partners! ๐ŸŽ‰

    Previously, we were only accepting submissions from Accounting Firms ๐Ÿง‘โ€๐Ÿ’ผ, but due to numerous requests ๐Ÿ™Œ, weโ€™re now expanding to include Small Business Advisors (business loan brokers, attorneys โš–๏ธ, business brokers, M&A advisors, etc.) ๐Ÿค๐Ÿ’ผ.

    Become A Referral Partner Today

    FastWaySBA
    October 28, 2024

    Your Minimum Time in business must be 2 years. HAVE YOU FILED TAX RETURNS? - Is there currently any personal or business tax liabilities? DOES YOUR BUSINESS SHOW PROFITABILITY ON LAST FILED TAX RETURN Great News! Even with Losses declared, your business can still be approved!

    WHAT IS YOUR PERSONAL CREDIT? Minimum Credit is 650 for SBA Loans

    Providing Fast SBA FUNDING
    $50 -- $500,000 SBA Term Loans and Lines of Credit
    10 year โ€“ Monthly Payments
    Read More Here

    FastWaySBA
    October 23, 2024

    Top Way for SBA loan Approval - High SBSS SCORE

    The Fastest way to know if your business will be approved is to check your Businessโ€™s SBSS SCORE. The SBA uses the SBSS score to prescreen businesses applying for SBA loans. Learn More Today.

    FastWaySBA
    October 18, 2024

    Now is a great time to apply for an SBA loan! With increased loan sizes, easier qualifications (credit scores as low as 650), and a fast, simple process, securing funding has never been easier.

    Even if you have a COVID EIDL loan, you can still qualify
    Read More Here

    FastWaySBA
    October 11, 2024

    โ“ Our most asked question: What is ETRAN? ๐Ÿค”

    ๐ŸŽฅ Watch the video and ๐Ÿ“š read our blog to unlock the secrets behind small business lending decisions! ๐Ÿ”‘๐Ÿ’ก

    Read More Here โ€

    FastWaySBA
    October 2, 2024

    Our latest funding success:

    • $50K SBA loan
    • New Jersey renovation business
    • Funded in just 10 days
    • 10-year term for manageable repayment

    Ready to renovate your business plans? Apply now!

    #SBALoan #SmallBusinessFinancing #RenovationIndustry #NewJerseyBusiness

    FastWaySBA
    September 25, 2024

    FastWay SBA recently funded a $478,500 SBA loan to a consulting company in New York. The funding process took just 2 weeks, with a 10 year term length.

    If your business needs fast and flexible SBA financing, apply today!

    FastWaySBA
    September 19, 2024

    Trucking company in Illinois secures $150K SBA loan through Fastway SBA!

    โœ… $150,000 funded

    โœ… 2-week approval process

    โœ… 10-year term

    Need financing for your business? We're here to help. Apply now!

    FastWaySBA
    September 12, 2024

    FastWay SBA just funded a $95K SBA loan to a Georgia restaurant in just 2 weeks! With a 10-year term, it's the perfect time to secure your funding. Apply now!

    #SBA #Funding #SmallBusiness #FastwaySBA

    FastWaySBA
    August 13, 2024

    Recently Funded! $220,500 SBA loan secured for a Texas manufacturer.

    Funding completed in just 3 weeks with a 10-year term for long-term stability.

    #SBALoan #ManufacturingFinance #TexasBusiness #FastFunding

    โ€

    FastWaySBA
    July 31, 2024
    Register for a new account in the MySBA Loan Portal
    1. Please note, the COVID-19 EIDL application portal (also known as the "RAPID portal") is closed.  Your RAPID portal username and password cannot be used to log in to the MySBA Loan Portal.
    2. Find your loan number

    If you have not created an account, you can find your loan number on the top left corner of the Note and the Loan Authorization and Agreement. It is NOT the same as your application number.

    If you need assistance finding your loan number:

    • For COVID-19 EIDL, contact COVID-19 EIDL Customer Service at 833-853-5638 (TTY:711) from 8:00 a.m. to 8:00 p.m. ET, Monday through Friday, or email  COVIDEIDLServicing@sba.gov.

    โ€

    FastWaySBA
    July 31, 2024

    Non-profit COVID-19 EIDL borrowers who expended $750,000 or more in loan funds (and other Federal awards) in a single year are subject to the Single Audit Act requirements. These audit requirements apply only in the year the loan funds are spent, as there are no continuing compliance requirements. For more information, review 2 CFR 200, Subpart F or consult an accountant.

    FastWaySBA
    July 31, 2024

    COVID-19 EIDL Customer Service will provide the Application for SBA Consent form for requests such as:

    • Subordination of the SBA lien to facilitate third-party financing
    • Proposed change in ownership
    • Proposed assumption
    • Request for specific collateral release

    For guidance on anticipated business closure or liquidation, send a message through the MySBA Loan Portal or contact COVID-19 EIDL customer service.

    โ€

    FastWaySBA
    July 31, 2024
    Hardship Accommodation Plan (HAP)

    The SBA is offering a Hardship Accommodation Plan (HAP) for COVID-19 EIDL borrowers experiencing short-term financial challenges. Eligible borrowers may pay 10% of their usual payments for six months without needing to catch up on missed payments first. Borrowers will have the option to renew the plan after it concludes. Interest will continue to accrue, potentially increasing or creating a balloon payment due at the end of the loan term. Apply for HAP through the MySBA Loan Portal.

    Eligibility, Terms, Enrollment, and more. Read the rest here.

    FastWaySBA
    July 31, 2024

    Create an account in the MySBA Loan Portal  to monitor your loan status and make payments.

    You are responsible for your COVID-19 EIDL monthly payment obligation beginning 30 months from the disbursement date shown on the top of the front page of your Original Note. During this deferment period:

    • You may make voluntary payments without prepayment penalties.
    • Interest will continue to accrue on your loan.
    • If you do not make voluntary payments during the deferment, a final balloon payment will be due at loan maturity.

    โ€

    FastWaySBA
    July 31, 2024
    EIDL Deferment

    Due to the continued adverse effects of the pandemic, the SBA has provided a deferment period of 30 months from the date on the original Note for COVID-19 EIDL borrowers. This deferment does not apply to non-COVID disaster home and business loans and is effective for all COVID-19 EIDL loans approved in calendar years 2020, 2021, and 2022. Interest will continue to accrue on the loans during deferment.

    For more detailed information about eligibility and how deferment impacts your future loan payment amounts, refer to SBA procedural notice 5000-830558 dated March 15, 2022.

    Note: The 30-month COVID-19 EIDL deferment period will not be extended. COVID-19 EIDL loans are not forgivable.

    โ€

    FastWaySBA
    July 31, 2024
    Notice:

    The COVID-19 EIDL program is NOT accepting new applications, increase requests, or reconsiderations. However, the SBA continues to offer other funding options for small businesses, including traditional SBA loans.

    In February 2024, the SBA expanded the eligibility for our Hardship Accommodation Plan (HAP) to assist borrowers struggling with loan payments. This expansion includes borrowers who are not current on their loans, those already in default but not in Treasury Cross-Servicing, and those who have previously participated in HAP. If you were previously turned down for HAP, we encourage you to take advantage of these recent expansions and try again. You do not need to bring your loan current to enroll in HAP. If you do not make HAP payments, your loan will re-enter default and continue on the path to Treasury referral.

    โ€

    FastWaySBA
    July 30, 2024

    ๐ŸŽ‰ Exciting news! Fastway SBA has done it again! ๐Ÿ’ผ๐Ÿ’ฐWe recently funded a $500,000 SBA loan to a contractor in Maryland. Here are the highlights:

    โœ… Loan amount: $500,000

    ๐Ÿ—๏ธ Industry: Contracting

    ๐Ÿ“ Location: Maryland

    โณ Time to fund: Just 3 weeks

    ๐Ÿ“… Term length: 10 years

    Are you a small business owner looking for similar opportunities? Apply today.

    Ready to Apply for an SBA loan?
    Get Started