An MCA is a financial arrangement where a business receives a lump sum of capital upfront in exchange for a percentage of its process sales or future receivables.
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Service Details
TRUCKING AND TRANSPORTATION BUSINESS FINANCING
With equipment financing and term loan options from SBG, we’ve got everything you need to keep your fleet on the road and running at top sp
Small Business Loans Based On Revenue
When your sales show promise, why let tight credit conditions hold you back? Traditional loans often miss the mark, not recognizing the real potential of steady earners. We do things differently. Our revenue based financing offers the boost you need when your sales say ‘go’. No rigid credit checks, just a straightforward partnership where your success defines ours. It’s funding that keeps pace with your sales, so you never miss out on growth because of cash flow hiccups. We ensure you have the freedom to invest, innovate & grow. These income based business loans are the support you’ve been looking for to push boundaries. See how one smart financing move with us can redefine your growth & help you scale your sales quickly.When sales fluctuate, so should your financing options. That’s why our income based business loans are designed with your revenue in mind. We prioritize getting you the support you need, when you need it, with terms that align with your business’s revenue trends.
FINANCING THAT GROWS WITH YOUR BUSINESS
Why should a number define your business’s potential? Our revenue-based financing looks at the bigger picture. Your real-world achievements and potential. We’re committed to ensuring financial hurdles never dampen your ambition. Perfect for businesses ready to try new things, get bigger, or just keep everything running like clockwork, even when times are slow. Do not let the financial constraints hold you back from reaching your full potential. Now is the chance to make that next big move without worrying about the cash. We’re right by your side, ready to help you win big.
Direct Support, No Detours
Time is money, and we won’t waste yours. With eligibility based on a projected annual revenue of $200,000
Payments on Your Terms
If you’re consistently earning $15,000 a month, enjoy repayment plans that adjust with your sales.
Features
FIND YOUR FIT WITH MERCHANT CASH ADVANCE
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1.Merchant Cash Advance
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2.Eligibility requirements for a Merchant Cash Advance
1. Minimum 3 months in business
2. Projected annual revenue of 200k+
3. No minimum credit score -
3. MCAs differ from traditional loans
MCAs do not have a interest rate. Instead, they use a factor discount rate that determines the purchase price for the future receivables
Work Process
All you need to qualify
$350k+ In annual revenue
At SBG we keep the application process simple so you can focus on
6+ Months in business
On meeting your business needs, from keeping payroll covered to
650+ FICO Score
Apply Online Just a few quick questions and away we go
Get more for your trucking
and
transportation business
General FAQ
Frequently Asked Questions
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1. What is a small business short-term loan?
A small business short-term loan is a type of short-term business financing designed to provide quick funding for small business owners. These loans typically have shorter repayment periods compared to traditional business loans, usually ranging from as little as three months to eighteen months or more. Short-term business loans are often used to address immediate cash flow needs, cover unexpected expenses, or take advantage of time-sensitive business opportunities. Lenders may consider factors such as the business credit score and overall financial health when approving these loans. While they can be easier to obtain than long-term financing options, short-term loans may come with higher interest rates due to their quick turnaround time.
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2.How does a short-term business loan work?
Short-term business loans are a form of quick financing designed to help small businesses manage cash flow or seize immediate opportunities. These loans categories for small business loans have repayment periods of as little as three months to eighteen months or more and are offered by traditional banks, online lenders, and financial technology companies. Unlike longer-term business loans, they often have higher interest rates but provide fast funding, sometimes within days.
The loan amount and terms depend on factors such as the business’s credit score, bank account history, and future sales projections. Some short-term business financing options may require a personal guarantee from the business owner or use alternative structures like a merchant cash advance. While these loans can be beneficial for addressing immediate financial needs, business owners should carefully consider the total monthly fees incurred and compare options from various short-term loan lenders before committing. -
3.What steps should I take to get short-term business funding for my company?
o get short-term business funding, start by assessing your financial needs and gathering recent bank statements. Research potential lenders, including online platforms and traditional banks, then complete their loan applications, typically online.
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4. What is the best source of funding for small businesses?
The best source of funding for small businesses varies depending on the specific needs, financial health, and growth stage of each company. SBA loans are often favored for their competitive rates and favorable terms, while traditional bank loans can be excellent for established businesses with strong credit. For those needing quick access to funds, online lenders offer faster processing, albeit sometimes at higher interest rates.
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5.How do I get a short-term business loan with SBG?
At SBG Funding, we have streamlined the short-term business loan process to make it as simple and efficient as possible. We understand that as a business owner, your time is valuable and you need quick access to funds.
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6. What credit score is needed for a small business loan?
The credit score required for a small business loan varies depending on the lender and type of loan. Generally, traditional banks and SBA loans typically look for credit scores of 680 or higher, though some may accept scores as low as 640. Online lenders and alternative financing options often have more lenient requirements, sometimes accepting scores as low as 500 to 600. To qualify for a line of credit with SBG Funding specifically, your FICO score must be above 600.