Get the right small business loan at the right time
When you need funds more quickly
What is the right loan at the right time for my business?
Low-cost SBA loans are considered the “gold standard” in small business funding because they have some of the lowest interest rates and lowest monthly payments available. However, not every business owner initially qualifies and some businesses need funds more quickly than even our streamlined SBA process can provide.
As a result, we worked with our bank partners to offer SmartBiz Loans® clients the next best loan option if you aren't quite ready for an SBA loan or need funds more quickly.
One application does it
There’s only one easy application to complete, whether you are applying for an SBA loan or decide to proceed with a Bank Term loan option. And our team of loan specialists are available online or over the phone to help you understand and navigate your options.
Current Bank Term Loans
Bank Term loans are term loans meant to be repaid in a shorter amount of time than the 10-year term of a typical SBA loan. This type of loan can be a great way to get the funds you need to successfully grow or maintain your business until you are ready for an SBA loan.
SmartBiz currently offers the following Bank Term loans through its bank partners for working capital, debt refinance and new equipment purchase:
$30,000 to $350,000 loan amounts*
2 – 5 year repayment terms
Fixed interest rate from 6.99% to 26.99%**
No pre-payment penalties
*Loan amounts above $200,000 offered only to the best credit profile applicants.
**Interest rate depends on loan term and the applicant's credit and financial profile.