Best For
- Long-term investments at the lowest cost
- Real estate, acquisitions and major expansions
- Businesses that can wait weeks or months
SBA Loans, with Help Getting There
SBA loans are made by SBA-participating lenders and partly guaranteed by the U.S. Small Business Administration. Velo can help you prepare, and is not affiliated with the SBA.
Velo is not the lender.
SBA Loans
- Talk to Your Advisor(Done)
- Prepare Your Package(Done)
- The SBA Lender Decides(In progress)
Illustrative example.
Process3 steps
How It Works
Step 1: Talk to Your Advisor
See whether an SBA loan fits your plans and your timeline.
Step 2: Prepare Your Package
Your advisor helps you gather the documents an SBA lender will ask for.
Step 3: The SBA Lender Decides
An SBA-participating lender reviews your application, decides and sets the terms.
FitSBA Loans
Is It the Right Fit?
Consider Something Else If
- You need funds quickly.Same-Day Business Funding
Before you apply
What We Look at, and What You'll Need
What We Look At
- Typically 2+ years in business
- Personal credit typically 680+
- Business tax returns and financial statements
- Final eligibility is set by the lender and SBA rules
What You'll Need
- Last 4 months of business bank statements
- Driver's license or other government ID
- A voided business check
- For larger requests: a recent business tax return or financial statements
Requirements vary by product and are reviewed case by case. Meeting them doesn't guarantee approval.
CostDisclosures
Cost & Disclosures
In short
- A third-party lender decides and sets terms
- APR and fees disclosed by the lender
- Velo may be paid by the lender
Lines of credit, term loans, equipment financing, SBA loans and home equity lines of credit are made by third-party lenders, subject to their credit approval and terms. Velo is not the lender and may receive compensation from the lender. APRs, fees and terms vary by lender and are disclosed by the lender before you sign.
SBA loans are made by SBA-participating lenders. Velo Capital Funding is not affiliated with or endorsed by the U.S. Small Business Administration. If Velo is paid for referring or helping prepare an SBA loan, that compensation is disclosed to you on SBA Form 159.
Questions, Answered
No. Velo is not affiliated with or endorsed by the U.S. Small Business Administration or any government agency. SBA loans are made by SBA-participating lenders.
Booking a call or starting an application on this site doesn't involve a credit check. Our initial review uses a soft inquiry that doesn't affect your credit score. If you move forward with an offer, the lender or funder may obtain a report that results in a hard inquiry, and we'll tell you first.