**NON-SBA BANK LINE OF CREDIT**
* Loan Amount: $50,000-$100,000
* Variable rate as low as SOFR + 12.99% to 29.99%
* Quicker funding with less underwriting
* May qualify with just 6 months of bank statements and your current business debt schedule
* Funding within days
**SBA 7A SUB $150,000 TERM LOAN
* Loan Amount: $50,000-$150,000
* 10-year repayment plan
* Typical interest rate: PRIME + 5.75%
This loan does not require extensive underwriting
* This loan typically funds within 2 weeks of receiving application and limited documentation.
SBA 7(a) LOANS from $50,000 – $500,000 may be used for debt refinancing and working capital.
You get great rates, long repayment terms, and low monthly payments with SBA loans. With a typical 10 -year loan term and no prepayment penalty, The monthly payment on these loans is extremely competitive.
Longer terms, lower interest, lower monthly payment
What are the benefits of a bank term loan? • Offers between $50,000 to $300,000 in loan funding • Your choice of 2, 3 or 5 year repayment terms • Monthly repayments
No prepayment penalties • Fast loan funding (typically within two weeks) • Fixed annual interest rate starting at 9.99%
• Leniency on Use of Proceeds options • (term loans can support construction, remodeling and more)
A subsidary of visions 19 Enterprises llc
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