SBA Financing
Preferred SBA Financing & Conventional Business Loans Nationwide, premier capital for emerging and expanding businesses We’ve partnered with a $2.2 billion direct lender and tech-enabled loan marketplace to offer affordable and comprehensive financing for a variety of business needs. Nationwide lending and most business types are eligible even those turned down by other lenders due to credit issues, limited collateral, or other financing barriers. Choose from multiple financing programs including SBA 7(a), SBA 504, SBA Express, Conventional Business Term Financing, and Commercial Real Estate Financing. Contact us at the information below to learn more about BUSINESS FINANCING options or to submit your request today!
Subject to credit approval/qualification.Terms, conditions, applicable fees and closing costs may apply.
ï $250,000 to $15 million loan sizes ï 650 minimum credit score ï Competitive interest rates ï 5- to 25-year loan terms ï Affordable monthly loan payments ï Low or no collateral options ï No prepay penalty options ï Faster funding and more flexible underwriting when compared to the competition ï Prequalify for financing in minutes without impacting your credit! ï Funds can be used for most business purposes including to purchase, refinance, or construct commercial real estate, buy or start a business, for large or Small amounts of working capital, to open a new location, or to consolidate debt.
ï No minimum time in business (startups considered for stronger credit profiles with compensating factors) ï Streamlined, full documentation underwriting Looking for something different? Ask about our FAST CAPITAL program.
If applying for more than $500k contact our admin Dept.
Non-SBA Term Loans
Additional Information
Non-SBA Loans
What is a non-SBA Loan?
Non-SBA loans offered by United Financial bank partners are fixed-rate, term loans with shorter repayment terms and a faster, less document intensive alternative to a traditional 10-year term SBA loan.
Why should I apply for a non-SBA loan?
A non-SBA term loan can be a good option if you don’t initially meet the eligibility requirements for an SBA loan. It can also be a good option if you require funds more quickly than even our streamlined SBA process can provide.
There’s only one streamlined application to complete whether you are applying for an SBA loan or decide to opt in to a non-SBA option.
What are the advantages of a non-SBA loan?
A non-SBA term loan has fewer requirements than an SBA loan. It’s a reasonable option for some businesses to get the funds needed to grow. The non-SBA term loan offers a fixed rate and low monthly payments. In addition, there are no pre-payment penalties if you decide to refinance with an SBA loan later. In the event you decide to refinance with an SBA loan through United Financial within 6 months of obtaining the first non-SBA loan (and you are able to obtain an SBA loan from a United Financial bank partner), we’ll credit back all of the referral and packaging fees from your first non-SBA loan toward the referral and packaging fees for your SBA loan to the extent these fees do not exceed the packaging and referral fees for the SBA loan. Even though we need to do additional work to package the SBA loan, United Financial credits back fees because we believe it is the right thing to do for our clients.
What types of non-SBA loans does United Financial facilitate?
United Financial currently offers the following non-SBA loans through its bank partners for working capital, debt refinance and new equipment purchase:
- $30,000 to $300,000 loan amounts
- 2 - 5 year repayment terms
- Fixed interest rate from 6.99% to 24.99%*
- Monthly repayments
- No pre-payment penalties
Non-SBA term loans can be a reasonable alternative financing option when you don’t qualify for an SBA loan immediately or need funds more quickly than even our streamlined SBA process can offer.
* Interest rate depends on loan term, business borrower credit score and financial profile.
Eligibility:
What are the basic requirements for a non-SBA term loan through United Financial?
YES
- 1+ years in business
- Business owners must be U.S. citizens or legal permanent residents
- Business owners must have personal credit scores above 620+
- Cash flow to support loan payments
NO
- Bankruptcies or foreclosures in the last 3 years
- Outstanding tax liens
Do I need to personally guarantee a non-SBA term loan?
Business owners who own 20% or more of the business must provide a personal guarantee.
What industries are eligible?
Most industries are eligible for a non-SBA loan. Industries that are excluded are similar to those excluded for SBA loans, include gambling, lending, life insurance, religious teaching, primarily political and lobbying activities, oil wildcatting, mining, mortgage servicing, real estate development, bail bond, pawn or private clubs, among others.
What can I use my funds for?
There are many ways you can use proceeds from a non-SBA term loan including:
Working Capital
Get funds to hire additional staff, increase marketing or replenish inventory.
New Equipment
Buy new equipment to improve productivity.
Debt Refinance
Pay off high-cost debt and increase your monthly cash flow.
I’ve been turned down by my bank before. Can I still get a loan through United Financial?
Yes. We have helped many small businesses obtain both SBA and non-SBA loans through our bank partners even after they have been turned down by other banks.
Can I get a second loan through United Financial?
Yes, you can get a second loan through United Financial. In the event you decide to refinance with an SBA loan through United Financial within 6 months of obtaining the first non-SBA loan from a United Financial bank partner, we’ll credit back all of the referral and packaging fees from your first non-SBA loan towards the referral and packaging fees for your SBA loan to the extent these fees do not exceed the packaging and referral fees for the SBA loan. Even though we need to do additional work to package the SBA loan, United Financial will credit back fees because we believe it is the right thing to do for our clients.
Pricing:
What will my interest rate be?
Interest rates for non-SBA loans are fixed and determined by the credit profile of the guarantors, the financials of the business and the term of the loan.
Are there fees or other costs?
Non-SBA term loans through a United Financial bank partner include a 3% referral and 3% packaging fee. Bank closing costs are estimated to be between $200 and $300. At 3%, referral and packaging fees for non-SBA loans are more expensive than our referral and packaging fees for SBA loans because non-SBA loans are typically smaller than SBA loans and we need to cover our fixed costs. You’ll find that United Financial Loans’ non-SBA referral and packaging fees are similar in cost to the origination fees that online medium term lenders charge.
In the event you decide to refinance with an SBA loan through United Financial within 6 months of obtaining the first non-SBA loan (and you are able to obtain an SBA loan from a United Financial bank partner), we’ll credit back all of the referral and packaging fees from your first non-SBA loan towards the referral and packaging fees for your SBA loan to the extent these fees do not exceed the packaging and referral fees for the SBA loan.
Fast Capital Financing / business Lines of Credit
Flexible, affordable, and streamlined funding for a variety of business needs We’ve partnered with a $2.2 billion direct lender and tech-enabled loan marketplace to offer a full spectrum of capital solutions for emerging and expanding businesses. Nationwide lending and most business types are eligible even those turned down by other lenders due to low credit or other financing barriers. Funds can be accessed same-day and used for any business purpose such as to buy or start a business, for working capital, equipment/inventory, or to consolidate debt. Contact us at the information below to learn more about business financing options or to submit your request today!
Subject to credit approval/qualification.Terms, conditions, applicable fees and closing costs may apply. ï $1,000 to $10MM+ financing sizes ï No minimum credit score required ï Competitive financing rates with the option to choose from multiple offers and product types ï No minimum revenue required ï No minimum time in business (startups considered for stronger credit profiles with compensating factors) ï No collateral required ï Approvals available in hours and sameday funding possible ï 3 to 120-month financing terms ï Use funds to buy or start a business, for working capital, expansion, equipment/ inventory, to consolidate debt or other capital needs ï Multiple financing options available including Term Loans, Credit Lines, Advances, SBA Loans, and Equipment Financing ï Streamlined underwriting including application-only, and bank statement programs ï Daily, weekly, & monthly payment options
equipment financing
We’ve partnered with one of the nation’s top equipment financing lenders, a $2.2 billion financial institution with over 30 certified lease finance professionals (CLFP) on staff Nationwide lending footprint, all 50 states + D.C. Approvals are usually issued within a few hours and funding can occur same day Flexible financing terms and rates starting in the 8% range ï $5,000 to $10,000,000+ financing sizes ï Up to 10-year financing terms available ï No set credit score minimum ï 100% financing on equipment purchases available. This does not apply for startups, in most cases a down payment would be required on a purchase for a startup. ï Loans up to $350K considered application only (larger financings can be considered case-by-case with an application only) ï Most industries are eligible (certain restrictions may apply) ï No minimum time in business on most deals, equipment financing for startups is available, but 3 months bank statements may be required. Startups require 700+ credit and strong compensating personal financials and industry experience. ï Any NEW or USED mission critical equipment (mission critical meaning that it is essential to the operation of the business) ï Custom payment structures available to meet the needs of the business: delayed payments, seasonal payments, step payments, semi-annual payments, etc. ï Corporation only financing considered case-by-case Contact us at the information below to learn more about equipment financing options or to submit your request today
$1MM - $10MM Term Loan / Consolidation Program.
Product Information
Product Information
Product Information
* Consolidate Existing MCA Debt
* Reduce Payments by 60%
* 36 Monthly Payments
* Net Additional Working Capital
Requirements
Product Information
Product Information
* $300,000 + Monthly Revenue
* Current Financials
* Strong Operator
* Positive EBITDA