SBA Loan Overview
Loan Amounts: Borrow up to $5 million
Interest Rates: Start at Prime + 2.75%
Repayment Terms:
- Up to 25 years for real estate
- Up to 10 years for other business needs
Eligibility Requirements: - At least 2 years in business
- Credit score of 650+
Why Choose an SBA Loan?
SBA Loans are some of the most desirable business loans available. They offer low interest rates, long repayment terms, and high borrowing limits — making them a top choice for business owners.
But with these benefits come stricter requirements. Qualifying for an SBA Loan can be more difficult that
Types of Business Lines of Credit
Unsecured Business Lines of Credit
These lines of credit do not require any collateral, which makes them harder to qualify for.
Because there’s no asset backing the loan, lenders usually charge higher interest rates and offer stricter repayment terms.
However, this is a great option if you don’t have property or equipment to use as collateral, but still need flexible funding for your business.
Revolving Business Lines of Credit
With this type of credit, you can borrow and repay funds as needed.
As you repay the borrowed amount, your available credit replenishes, making it a continuous source of funds.
This is ideal for managing ongoing expenses, such as payroll, inventory, or unexpected costs—especially if you handle your repayments well.
Non-Revolving Business Lines of Credit
This option gives you a one-time loan amount. Once you use it, you’ll need to pay it back in full before you can access more funds.
ACCOUNT RECEIVABLE FACTORING
What Is Accounts Receivable Factoring and How Does It Work?
Accounts receivable factoring is a unique financing solution that focuses more on your customers’ ability to pay than your own credit or cash flow history. This makes it an accessible option for businesses that may not qualify for traditional loans.
Instead of evaluating your financial health, factoring companies assess the creditworthiness of your customers. If your customers are deemed reliable payers, you’re more likely to get approved—even if your business has less-than-perfect credit.
Here’s how it works:
A factoring company purchases your outstanding invoices and advances you up to 85–90% of their value—usually within a few business days. The remaining balance (minus fees) is paid to you once your customer settles the invoice with the factoring company.
Fees vary by provider, especially for the final payment after your customer pays. Typically, a lower factor rate means higher fees may apply on the backend. Each factoring company has its own fee structure, so it’s important to understand the terms before committing.- $10,000-10 Million 600 minimum cedit scores- One week for funding.
Business Term Loans
Loan Amounts: $10,000 – $5,000,000
Interest Rates: Starting at 1–4% per month
Terms: 3 months to 5 years
Funding Speed: As fast as 1–3 business days
Rate Options: Fixed or variable interest rates
10k to $5m Starting at 1-4% p/mo
1-3 business days
600+ credit score required
EQUIPMENT FINANCING
How Equipment Financing Works
Equipment financing is a practical solution for small business owners looking to purchase essential tools or machinery without paying the full cost upfront. Similar to a term loan, equipment financing involves making fixed monthly payments that cover both principal and interest. Once the loan is fully repaid, you own the equipment outright.
With funding available for up to $5 million per piece of equipment, this option is ideal for businesses needing heavy machinery or high-cost tools. Interest rates start as low as 5%, and qualifying is straightforward—even if your credit isn’t perfect. Aminimum credit score of 600 or higher is generally all you need to get started.
MERCHANT CASH ADVANCE
What Is a Merchant Cash Advance?
A Merchant Cash Advance (MCA) — also known as a Business Cash Advance, Credit Card Factoring, or Credit Card Processing Loan — provides businesses with a lump sum of capital that’s repaid through a fixed percentage of future credit and debit card sales (called the holdback rate).
Repayments are automatically deducted on a daily basis, and the amount varies depending on your daily card sales volume. This flexible repayment structure aligns with your business’s cash flow.
Unlike traditional business loans, MCAs are generally easier to qualify for. They can be a great option for business owners who have limited collateral, a short business credit history, or lower FICO scores. The amount you can receive is typically based on your projected credit card sales.
Funds are deposited directly into your business bank account, giving you quick access to working capital without the lengthy approval process of traditional financing.
Filling out this form will not affect credit score. 98% approval Rate
Tel Phone Number
917-651-5298 | 917-426-7162 and email: info@eagcapitalfunding.com
Address
99 Wall street # 1250 New York NY 11105