SBA Startup Loans: The Smart Way to Launch Your Dream Business

By: Spartan
December 13, 2023

Starting Your Entrepreneurial Journey with SBA Startup Loans joining the ranks of successful entrepreneurs we’ve helped obtain SBA startup loans to start a new business.

Hey future business champs! Ready to kick-start your dream venture but short on cash? Spartan SBA Startup Loans are your golden ticket.

Picture this: Uncle Sam's safety net guarantees 75% to 90% of your loan, making banks chill about lending, even if your collateral game is weak. With a SBA startup loan range up to $5 million and terms stretching 10 to 25 years, it's like a gentle breeze supporting your business's wings.

Plus, Spartan, led by former SBA bankers, is your business whisperer, ensuring you nail it on the first try. The application process is a breeze – hit "APPLY HERE," fill out some basics, and boom!

Funding can happen within 30 days. No credit score fears – pre-qualify without consequences. Turn that brilliant idea into reality with Spartan SBA Startup Loans – where the sky's the limit!

Location dreams:

Spartan’s got you covered – lease or buy your business's home base. And before you dive into that chic downtown office or cozy corner shop, check the prerequisites: transferable experience, a robust plan, and, if you've got it, real estate with at least 25% equity as collateral.

Starting with just a 10% equity injection, you can even source it from a family gift. So, what’s stopping you? Spartan's got your back, and with SBA startup loans, you're not just launching a business; you're launching a legacy!

  • What’s the Deal with SBA Loans? SBA loans are like a safety net from Uncle Sam, guaranteeing a whopping 75% to 90% of your loan amount1. This makes banks way more chill about lending you the dough, even if you’re not rolling in collateral.

  • How Much Can You Get? We’re talking anywhere up to $5 million. That’s some serious capital to get your business off the ground and soaring high!

  • Long-Term Love: With loan terms stretching from 10 to 25 years, you’ll have teeny-tiny payments that won’t strangle your cash flow2. It’s like a gentle breeze supporting your business’s wings.

  • Loans Up to $5M: Obtain funding from $100k to $5 million, ensuring your new venture has sufficient capital to launch successfully.

  • Preserve Liquidity: Start your business with a minimum equity injection of 10%, which can be sourced from a family gift.

  • Buy Commercial Real Estate: You have the option of either leasing space or purchasing commercial real estate for your new business.

Prerequisites for SBA Startup Loan

The guarantor(s) must have transferable experience. Strong business plan (preferably professionally written) and projections are needed. If the guarantor(s) have real estate with at least 25% equity to pledge as collateral, it will strengthen the likelihood of approval.

  • Minimum FICO Score: 640 Experian model v2

  • Use of Funds: Working Capital, Inventory, Equipment, Renovation, Leasehold Improvements, Commercial Real Estate (owner-occupied)

  • Notes: The guarantor(s) must have transferable experience. Strong business plan (preferably professionally written) and projections are needed. If the guarantor(s) have real estate with at least 25% equity to pledge as collateral, it will strengthen the likelihood of approval.

So, what are you waiting for?

Turn that brilliant business idea into reality without breaking the bank. Spartan’s got your back, and with SBA startup loans, the sky’s the limit!

 

Spartan

Don't take our word for it, check out these helpful articles on Business Credit based on the EIN number:

  1. Entrepreneur.com: The ABCs of Business Credit
  2. 7 Best Ways to Build Credit if You’re New to the U.S.: Three Best Ways to Build Business Credit
  3. Nav.com 5 Things a DUNS Number Helps You Do
  4. SBA: How to Build Business Credit Quickly: 5 Simple Steps
  5. Forbes.com: Changing Your Business Name? Don't Put Your Credit At Risk
  6. Forbes.com: Three Ways To Better Understand (And Build) Your Business Credit Score
  7. CBS Boston: What We Talk About When We Talk About Business Credit
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Never miss a good story!

 Subscribe to our newsletter to keep up with the latest trends!

>