Traditional SBA Loans

• Minimum personal credit of FICO 650
• Business Revenue above $100,000
• Business credit score -155 or greater 

Who is Not eligible?

• Business or business owners with current tax liens or taxes owed with no payment plan in place
• Business or business owner with unreleased judgments
• Business types that are not eligible for SBA funding

Amount: $30,000- $5,000,000

Interest rate: 2.75% + Prime (currently 11.25%)

Loan period: Ten-year term and amortization

Closing timeframe:

$150,000 and below: 2-3 weeks. Can be even faster though our SBA Express Program.

$150,000-$350000 and under: 3-4 weeks

$350,000 and above: 4-9 week

Payment frequency: Monthly payments

Prepayment penalty: None

UCC filing on the business- Yes (This is standard for all business loans)

Personal guarantee- Yes- a personal guarantee is required for all SBA loans

Business property lien- Most of our preferred lenders funding under $500,000 do not require a lien- but this is a case by case basis. Above $500,000 will usually take a lien if there is equity.

Personal home lien-

Most of our preferred lenders funding under $500,000 do not require a lien- but this is a case by case basis. Above $500,000 will usually take a lien if there is equity.

All Radix needs for pre-approval

• Three years of personal and business tax returns
• Year-to-date profit and loss and balance sheet
• 6 Months of business bank Statements
• Current business debt schedule

• General working capital
• Purchasing inventory
• Hiring employees
• Refinancing business debt
• Debt Consolidation
• Marketing
• Any other SBA eligible uses

Not enough profitability? Try our SBA Express Loan.

Don’t want an SBA Loan? Try our Line of Credit or Term Loan.