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Compare Us: SBA Loans

SBA Loan Documentation

  • Multi-page sba loans application
  • Previous 3 years of income statements and business balance sheets
  • 2-year projected balance sheets and income statements
  • 12 months of projected cash flow statements
  • Previous 3 years of personal and business tax returns
  • Business plan
  • Accounts receivable aging report
  • SBA Loans Collateral Required? Yes (typically 10%)
  • Average SBA Loans Application Time2-3 months
  • Average Term 60 months

WeSell.com Loan Documentation

  • One-page loan application
  • Previous 3 months of bank statements
  • Previous 3 months of credit card statements
  • WeSell.com Collateral Required? no(typically 10%)
  • Average WeSell.com Application Time Decisions in as little as 2 business days; funding in as little as 5 business days
  • Average Term 12 months

The Small Business Association (SBA) loans are ideally suited for small business owners with strong personal credit histories and well-organized financial and business planning systems. SBA loans are really bank loans, submitted to the SBA for guaranteed payment, allowing the bank to lend with reduced risk. The SBA loans default program is not for small business owners with bad credit scores or for start-ups. If you fit into either of those two categories, SBA loans may not be a good fit for you. We do not currently lend to businesses open for less than a year; but we do work with small business owners with low credit scores.

Get Started with WeSell.com:

  • See your business from a lenders’ prospective
  • View your loan options based on your business data
  • Free 5-minute signup!