Term loans and SBA loans are common financing options offered through licensed third-party providers that can help businesses access capital for growth and development. These loans typically provide a fixed amount of funding upfront that can be used for various business purposes — such as expanding operations, purchasing equipment, or investing in new initiatives.
SBA (Small Business Administration) loans, in particular, are designed to support small businesses through programs offered by the U.S. Small Business Administration and its approved lending partners. These loans may feature advantages such as lower down payments, longer repayment terms, and more flexible qualification criteria compared to traditional lending options.
Unlike revolving lines of credit, term and SBA loans generally include a defined repayment schedule with regular installments over a set period, typically ranging from one to ten years. This structure allows businesses to better anticipate payments and plan their cash flow.
While these loan types can be valuable tools for accessing capital, businesses should carefully review the terms, interest rates, and eligibility requirements of each option and consult with licensed lenders or financial professionals to determine what may best suit their needs.
Term Loans & SBA Loans
FAQs
Your Queries Answered: Navigating Financial Success with Western Business Innovations
I have bad credit and even a previous bankruptcy. Can you get me funding?
This is one of our most frequently asked questions and the answer is YES! If you have poor personal credit, or even have filed previously for bankruptcy, we can still provide you with working capital. The qualifications are 1) you have been in business for at least 3 months and 2) your business generates sales in excess of $4,000 per month. In over 90% of cases, if you meet these two requirements, we can provide you with funding!
What can I use the funding for?
It is your money for your business, so you can use it however you see fit. Many of our clients use funding to cover payroll, renovate, manage inventory, expand, purchase equipment, and a variety of miscellaneous business expenses. You are the expert in maintaining and growing your company, and we are the experts in getting you the money you need to do so. It’s a win-win situation
What is the minimum requirements for funding?
Minimum of three months in business.
Minimum of $5,000 in monthly revenues.
Your business is based in the United States.
How do I get started with Western Business Innovations ?
Visit our website and sign up for a free consultation to learn how we can serve you.
Are you the one funding me?
No, we are the middle man in between you and success!
What is your application process?
The application process is straightforward and should take approximately five minutes. You can submit an application through our website to guide you through the process. Once we receive your full application and supporting documents, you will receive an offer within 24 hours.