Global Business Financial Services

SBA Microloans

Fees

None!

There are no fees associated with microloans.

Interest

Rates range between 8 - 13 % for the microloan program.

Microloans are administered by partnering financial institutions. The institution you work with is the one that sets the interest rate on the microloan, depending on your creditworthiness and the specifics of your small business.

You can expect an interest rate of 8 - 13% on all microloans.

Repayment

Up to 6 years with monthly repayments.

Loan repayment terms depend on the loan amount, use of funding, and other criteria, but the maximum repayment term allowed for an SBA microloan is 6 years.

As for the repayment schedule: like with other SBA loans, you can expect monthly charges.

Get all the Information on SBA Microloan Program

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Name*
Company*
Phone*
Email*
Loan information:
Loan Amount*
Duration(term)*
Closing Deadline
Reason for Deadline
Lien information:
Amount of Existing First Lien
Amount of Other Liens
Collateral information:
Collateral Type*
Number of Units*
Total Square Footage*
Address*
Street Address City State / Province / Region
Purchase Price and Purchase Date (if refi)
MM slash DD slash YYYY
“As Is” Real Estate Value*
Date of “as is” appraisal/bpo
MM slash DD slash YYYY
Net Operating Income (NOI)*
Capital Expenditures since purchase ($)*
Vacancy (%)
Guarantor(s) Information
Net Worth of Guarantor(s)*
Estimated liquid assets of Guarantor(s)*
FICO Score of Guarantor(s)*
Guarantor(s) cash investment in collateral – current or proposed*
Use of Proceeds, Please provide a concise description, a few sentences, on the Use Of Proceeds (i.e., discuss: acquisition, refinance, site improvement, tenant improvements, planning, design/permitting, carry costs and etc..)*
Exit Strategy, Please provide a concise description, a few sentences on the Exit Strategy (e.g. discuss prospective buyer, prospective permanent financing). Global Business Financial Services will require a borrower that has thought through multiple & viable exit strategies.*

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