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FAQs

Frequently Asked Questions

Find answers to all your queries about our service.

  • What credit scores are Needed for Approval?

    Generally, to qualify for SBA financing, you needs to have a credit score of 650 or greater. In certain circumstances our lenders can go below this score with a letter of explanation. However, we can also refer you to credit repair companies if need be to help boost your score prior to starting the process.

  • Do you Guarantee Approval?

    No. But we will review your loan opportunity thoroughly and connect you with the lender we deem to best fit your circumstances. We strive to be open, honest, and communicative so that we are not wasting your time. If the loan is eligible for approval per SBA guidelines, we will find a way to get it done!

  • What are your Costs?

    We don’t charge any fees. We get paid a success fee from the lenders and this fee is not part of your loan or closing costs.

  • What is the usual time frame to Receive Funding?

    The time period for a 7(a) loan is generally 45 days from start to finish.

  • What States do SBA loan Specialist’s Lenders work In?

    Our lenders have the ability to lend in all 50 States of the US.

  • Who are SBA loan Specialists’ Lenders?

    We predominantly focus on working with small SBA banks that have a nationwide lending platform with whom we’ve previously successfully closed loans with before.

  • What types of Businesses and Industries does SBA Loan Specialists work with?

    We work with any and all types of for profit industries. Small, medium and large businesses work with us to handle their financing needs.  

  • What loan size does SBA Loan Specialists Handle?

    We handle all SBA 7(a) loan sizes from $250,000 to the $5,000,000 SBA maximum.