Top 5 benefits of SBA 7(a) Loans
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- Lower Cost Capital – SBA loans through FastWay SBA offer rates starting at 10.25% with low fees and no prepayment penalties.
- Flexible, Business-Friendly Terms – Enjoy repayment terms up to 10 years and minimal collateral requirements for loans under $250K.
- Fast & Easy Preapproval – Get preapproved in under 5 minutes with a streamlined, hassle-free process.
How FastWay SBA can help you secure more capital for less.
You’ve probably heard that SBA loans offer better terms than most traditional loan options. But what exactly makes them so powerful and how can FastWay SBA help you secure the capital you need to grow? Let’s break it down.
Lower Interest Rates
SBA loans typically come with lower interest rates than conventional small business loans — which means you pay less to borrow. Rates through FastWay SBA’s lending partners start as low as 10.25% (as of now), helping you stretch your dollars further.
Term
With SBA loans, repayment terms are longer — usually up to 10 years. Longer terms mean lower monthly payments, making it easier to qualify for and manage a larger loan amount that supports your business growth.
No Prepayment Penalties
Want to pay off your loan early? Go for it. SBA 7(a) loans have no prepayment penalties, so you won’t get hit with extra fees for being financially responsible.
Flexible Collateral Requirements
Need less than $50,000? No collateral required. For loans between $50,000 and $250,000, business collateral may be requested but only if it’s available. FastWay SBA follows this same flexible approach to collateral.
Low Closing Costs & Fees
SBA loans through FastWay SBA come with low closing costs. These fees are rolled into the loan meaning no upfront, out-of-pocket costs, so you can borrow immediately without needing to save to cover fees.
We’ve streamlined the SBA process to make it fast and hassle-free. In under 5 minutes, you can get preapproved and see how much capital your business may qualify for.
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