Secure Any Type Of SBA Loan With Cashifi!
With low interest rates, long repayment periods, and favorable terms, there’s no shortage of reasons why a business owner would be interested in an SBA loan.
LOAN AMOUNT:
$5.5M
TERM:
25 years
TIME TO FUNDING:
30 days
INTEREST RATES AS LOW AS:
6%
About SBA Loans
Unfortunately, the process of securing any type of SBA loan can be complicated. This loan has strict lending standards, making it extremely difficult to acquire one and take advantage of its benefits.
Luckily, Cashifi is here to help. Whether you need an SBA real estate loan or are interested in an SBA CAPline, we make the process easier than ever by providing professional assistance. From SBA loan calculation to loan term and payment breakdown, we’ll guide you through the entire process.
Calculator Information
The Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.Calculator Assumptions
Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.Business Loan Calculator - Estimate Your Monthly Payments with Cashifi
Sorry
This video does not exist.
| Period | Payment | Interest | Balance |
|---|
Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
Get your loan estimate today!
Minimum Qualifications
- 600+ credit score
- 2 years in business
- $100,000 in yearly revenue
What You Need To Apply
- Basic details about you and your business
- Bank statements for past 3 months
- Business is in good standing
SBA 7(A) Loan
SBA 7(a) Loans are incredibly flexible and can finance a wide variety of business needs. Whether you’re interested in expanding your business, funding an equipment purchase, purchasing additional inventory, or acquiring new real estate, an SBA 7(a) loan can help you.
- LOAN AMOUNT: Working Capital: $350,000 max.
Commercial Real Estate: $5 million max. - TERM: 5 to 25 Years
- INTEREST RATE: 6 – 13%
- TIME TO FUNDING: As little as 30 days
CDC/504 Fixed Asset
A CDC/504 is another popular type of SBA loan. CDC/504 loans are most often used to purchase major assets with long life spans. Examples of things commonly funded with CDC/504 loans include real estate, heavy equipment, and machinery. CDC/504 loans require a low down payment and have fixed interest rates with terms up to 25 years.
- LOAN AMOUNT:
Max. $5 million, ($5.5 million for manufacturers) - TERM: 10 to 20 Years
- INTEREST RATE: 3 – 6.5%
- TIME TO FUNDING: As little as 30 days
SBA CAPLines
SBA CAPLines (Lines of Credit) are a working line of credit program designed to assist small businesses with short-term and cyclical capital needs. In most cases, these products are only available to companies that already have a traditional SBA 7(a) or CDC/SBA 504 loan.
- LOAN AMOUNT: Maximum $5 million
($200,000 for small asset based) - TERM: Up to 5 Years
- INTEREST RATE: 5.75 – 8.25%
- TIME TO FUNDING: As little as 30 days
SBA Export Loans
SBA Export Loans are designed to help small businesses expand into foreign markets. There are three types of SBA export loans, including Export Working Capital Loans, Export Express Loans, and International Trade Loans.
- LOAN AMOUNT: Maximum $5 million
- TERM: Up to 25 Years
- INTEREST RATE: 8 – 10%
- TIME TO FUNDING: As little as 30 days
MicroLoan Program
The SBA MicroLoan Program provides smaller loan amounts with the goal of assisting small businesses with their working capital. This capital may be used for a wide variety of purposes, including but not limited to inventory, machinery, raw materials and supplies, labor costs, and marketing.
- LOAN AMOUNT: Up to $50,000
- TERM: Up to 6 Years
- INTEREST RATE: 8 – 13%
- TIME TO FUNDING: As little as 30 days
Disaster Loans
The SBA provides disaster loans for small business owners whose premises have been damaged or destroyed by natural disasters. There are three types of SBA Disaster Loans available, depending on the type of damage your business has sustained.
- LOAN AMOUNT: Up to $2 million
- TERM: 3 to 30 years
- INTEREST RATE: 4 – 8%
- TIME TO FUNDING: As little as 30 days
If you’re ready to start but still don’t know who to work with, turn to Cashifi!
We utilize our expansive network of vendors and a relationship-driven approach to get your business the funding it needs when you need it.
Frequently Asked Questions
Yes, we welcome people with all different credit scores to apply. Cashifi will work with you to find a lending option that suits your needs regardless of your credit history.
In order to gather the best lending options for you, Cashifi requires basic personal information related to your finances, including your name, the name of your business, your address and some simple financial information.
The sooner you fill out an application, the sooner you’ll be able to see your lending options. Once it is submitted, you’ll receive lending options tailored specifically to your needs within minutes. Speak with a loan specialist today for more information.
SBA 504 loans are geared more specifically for equipment and real estate purchases. They have more favorable interest rates when compared to the more general 7(a) loans.
To qualify for SBA commercial real estate loans, your business must operate as a for-profit company in the United States, with a tangible net worth of less than $15 million, and have an average net income of less than $5 million after federal income taxes for two years before your application.
You can receive funding as soon as 24 hours after applying, so why wait? Get started now.
Unlike when you apply for a new credit card or a loan, filling out a Cashifi application will not result in a hard inquiry on your credit, so go ahead and get started on your application worry-free.
At Cashifi, we understand one of the major problems business owners encounter is rejection due to credit history. We seek to fix this problem by helping you find a lending option that works. Whether you have good credit, bad credit, or no credit, we’ll help you find a solution. Apply now.
