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Max Funding Amount
Up to $5M approval are obtainable with Fastway SBA.
Terms & Payments
10 years, 120 monthly payments. 10 years, 120 monthly payments.
Rates
3 - 4.25 % above Prime Rate (7.75% as of Nov 21, 2023)
Guidelines for Applying for Fastway SBA
Offers based on Gross Sales of Business from most recent Tax Return
Approval Amount based on 30% of Annual Gross Sales
Owner personal FICO 680+2+ years in business
Prior to diving into a full SBA application submission, the team at Fastway SBA provides each prospective applicant an overview of what is possible, based on key qualifying characteristics of your business. We use these benchmarks to understand your business’s unique pre-approval: Time in Business, Personal Credit Score, Business Profitability, Industry Type, and Current Business Debt Servicing.
Program Fast Facts
Some questions we get asked frequently
How likely am I to get funded?
We have a 95% approval to funding ratio. Meaning, for every client we get a approved there is a very good chance we will be able to obtain the financing for you.
What documents are needed initially?
2 years Business Federal Tax Returns, 2 years Owner Personal Federal Tax Returns, Credit Application and 3 months business bank statements to verify current cash flow.
How long does the process take?
Start to finish the process typically takes 2 to 4 weeks.
The reasons why we are the best route for obtaining an SBA loan.
Versatile Loan Options
SBA loans are specifically engineered to support business growth. So whether you’re looking to buy equipment, acquire real estate or address business working capital needs, the SBA’s mission is to help expand American Small Businesses.
Rapid Capital Access to SBA Loans
Since SBA loans are guaranteed by the federal government, banks are confident to lend to SBA approved businesses that would otherwise be declined for conventional bank credit. This makes for a simpler funding process, eliminating the usual underwriting obstacles.
Attractive Terms
Our SBA lenders offer extended repayment timelines along with competitive low-interest rates. The SBA loans we offer are definitively the more advantageous option compared to other small business lending choices.
