Refinance high Interest debt and save thousands with a low-cost SBA loan
LOAN AMOUNT: $30,000 - $350,000
INTEREST RATES: 7.50 – 8.50%
REPAYMENT TERM: 10 years
* SBA loans from 7BC marketplace banks have a variable rate of Prime Rate plus 2.75% to 3.75%.
Refinancing existing debt with a low-cost SBA consolidation loan is an important step to take if you want to expand and save big. Large or frequent payments can make it difficult to run day-to-day business operations. Additional funds may be used for working capital to help your business expand. Don't let high-interest crush your cash flow. An SBA loan is the smart solution.
Pre-qualify in as little as 5 minutes without impacting your credit score. Simply provide basic information online and we’ll automatically tell you if you pre-qualify for an SBA loan from $30,000 to $350,000. If you don’t pre-qualify, you may be offered the opportunity to opt in for a Bank Term loan through our marketplace banks without re-submitting any information.
Provide financial information about your business and its owners. 7BC will work with you to determine if you can make the low monthly payments for the 10-year term SBA loan.
Upload requested documents to complete your application. Your dedicated Relationship Manager can assist at any point throughout the process.
After your financial information and documentation are approved by the bank, funds can be deposited in your bank account in as fast as 7 days.
2+ years in business
Business owners must be U.S. citizens or legal permanent residents
Business owners must have personal credit scores above 650
Cash flow to support loan payments