SBA Boost Loan

Up to $500k in 30 days for working capital, equipment, inventory, debt refinance and more.

Introduction to SBA Boost Loan

SBA loans offer a guarantee from the federal government of 75% - 90% of the loan amount, making banks more comfortable lending and easier for under-collateralized businesses to get the funding they need.

The SBA Boost Loan offered by Spartan Coaching & Consulting is designed to provide small businesses with the financial support they need to grow and thrive. This loan program leverages the SBA’s guarantee to make it easier for under-collateralized businesses to secure funding. The SBA Boost Loan is ideal for business owners looking to refinance debt, purchase equipment, increase inventory, or obtain working capital with minimal hassle and delay.

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Benefits of SBA Boost Loan

Rapid Funding: Receive up to $500,000 in 30 days or less.
Flexible Guidelines: A minimum FICO score of 640 and a Debt Service Coverage Ratio (DSCR) of 1.20x or higher are required.
Extended Repayment Terms: Enjoy 10-year repayment terms, resulting in lower monthly payments and improved cash flow.

Versatile Use of Funds: Funds can be used for working capital, debt refinancing, inventory purchases, equipment acquisition, and more.
Access for Various Industries: Suitable for a wide range of businesses, including bars, restaurants, retail, grocery stores, barbershops, salons, auto-repair shops, furniture stores, online companies, and marketing and PR firms.

Qualifications for SBA Boost Loan

Application Process

Minimum FICO Score: 640 (Experian model v2)
Time in Business: Minimum of 2 years
Debt Service Coverage Ratio: 1.20x or higher
Use of Funds: Can be allocated for working capital, debt refinancing, inventory, equipment, and commercial real estate.
Revenue-Based Loan Option: Loans up to $150,000 may qualify even if tax returns show a loss, with a minimum FICO score of 700.

Online Application: Start by filling out the online application form.
Basic Information: Provide essential details about yourself and your business.
Document Submission: Submit any required documents as per the automatic email instructions received after application submission.
Approval: Receive a decision within 24 hours.
Funding: Obtain funds within 7 days or less, ensuring quick access to the capital needed for business growth.

By offering a streamlined and flexible approach to small business financing, the SBA Boost Loan from Spartan Coaching & Consulting ensures that businesses have the resources they need to expand and succeed.