Small Business Loans

No matter your business size, Funding Well Capital has a loan for you. With our vast experience, we’re proud to say that over our many years of business that we treat clients of all sizes, whether a Fortune 500 company or a business of 2-5 people with respect, integrity and always strive to find the best financing options for their business. We’ve also found that supporting small businesses has been a great way for us to invest in America.

Why are Small Businesses important to the USA?
According to the US Census Bureau, there were nearly 28 million small businesses in 2010. That number qualifies for half of the economy’s private-sector employment. Furthermore, in 2011 statistics indicated that 64% of new jobs came from small businesses.

Small businesses are undoubtedly a good chunk of the American economy. Our belief is that small businesses define much of what the American dream is all about — Freedom, opportunity and the pursuit of financial independence.

What is a small business loan?
A small business loan is offered through the Small Business Administration (SBA). The SBA is a government agency that provides support to entrepreneurs and small business. The SBA was created to “aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy” of our country.

The SBA is vital in helping create jobs, create innovation, and provide opportunities for people of all types to earn an income and work toward their dreams.

What’s different about SBA Loans?
The gist of the difference between an SBA loan and a conventional loan comes down to a guarantee by the federal government. Conventional loans are held by private banks and/or lenders and will typically carry higher rates and shorter terms. SBA loans tend to have lower interest and longer terms, but often times can be more difficult to get approved with lengthier processing times.

Types of SBA Loans
To see what types of SBA loans exist and which is are right for your business, click the link below:

https://www.sba.gov/loanprograms

If you’re interested in learning more to see if you qualify for SBA loans, reach out to us at Funding Well Capital to see how we can assist you. The key to obtaining an SBA loan is working with someone who has a deep knowledge and understanding of the application and underwriting process to ensure you get the best rate and term for your business.

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