To qualify for an SBA loan, businesses must meet certain criteria, including being classified as a small business, having been operational for a specific period, demonstrating profitability, and possessing a strong credit history.
Aim for a credit score above 525.
Have at least two years of business experience.
Maintain an annual cash flow of around $180,000.
Ensure consistent and sufficient transaction volume.
Thank you Elsa and Lendefied! Before I came to Lendefied I had been to multiple online lending companies. ALWAYS being offered daily or weekly payments, short term, high interest loans that hurt my company more than they helped! THEN I FOUND LENDEFIED! This company makes it so easy to see all your approvals in one place on one screen and then in the click of a button I got a call from Elsa who told me what I needed to get funded by end of the week. After sending them in, the funds were in my account in 3 business days from when I received my offer! Now for the next 10 years I can enjoy having the extra working capital at a low rate and a payment I can afford. Thank you Lendefied!
Choosing Lendefied was one of the best decisions we made for our business. Their team went above and beyond to understand our needs and provide tailored financing solutions. Thanks to their 1 year of included consulting we were able to reduce our co-packing costs by 15% and reduce our ad spend by 10% with the same results! THANK YOU ERIC AND THANK YOU LENDEFIED!
Welcome to Lendefied.com, the business lending marketplace that puts you first. We’re proud to offer a fee-free experience to our clients, ensuring you can secure the financial support you need without any extra costs. From lines of credit to SBA loans, equipment financing, and term loans, we’ve got you covered. Trust Lendefied.com to help you navigate your business’s monetary needs with ease and efficiency.
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