Transportation SBA Program
Explore EzBizFunder’s SBA Transportation 10-Year Loan, monthly payments and approvals from $50,000 $500000 spread over ten years. This loan suits logistics companies of all sizes, no matter their business history. We streamline the process by using your CDC driver's for identification, ensuring Small Business approval in just 10- 15 business days. Startups are welcome to apply!
Logistics / Transportation / Auto Mechanics
Key Features
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Loan Amounts: $50,000 to $500,000
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Interest Rate: Prime + 2.75%
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Loan Term: 10 years
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Purpose: Debt refinance and working capital
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Funding Time: Typically 15 business days from complete application to funding
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Loan Size Determinant: 35% of average annual revenue; annual minimum of $50,000 for businesses in operation for 1+ years
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Will buy out your higher interest Merchant Cash Advances (MCA) [daily and/or weekly payments] & other loans.
Underwriting Guidelines
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FICO Score: 660
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Specific Small Business Scoring Service (SBSS) Score Requirements are as follows: Up to $150,000 > 155, up to $250,000 > 165, up to $500,000 > 175.
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Years in Business:
o 2 years for 660+ FICO
o 2 months for 720+ FICO -
Loan Size Determinant: 35% of average annual revenue; annual minimum of $50,000 for businesses in operation for 1+ years
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ï‚· Location & Operations: U.S. based owner & company operations
