Business Funding Group LLC (BFG) is one of the leading and largest small business packagers of SBA loans in the United States. With decades of management experience, we serve clients across the nation.
We help small business owners access anywhere between $150,000 and up to $20,000,000+ in long term 10 – 25-year loans under the SBA program.
We also assist businesses with other kinds of loans on an as needed basis, which can be as high as $150 million+.
*Approximately
Specific amount of capital, as needed basis
The Small Business Administration is a government agency that was set up in 1953 to facilitate job creation in the United States by promoting and supporting business creation and growth. They are involved in education and training, financing, and general support of small businesses.
Other than the EIDL (Economic Injury Disaster Loans) loans, the SBA does not lend directly to your business. Instead they guarantee a portion of your loan from a participating bank, should you ever default. The guarantee that the SBA provides to its lenders motivate the banks to make loans that they might not other grant.
However, these loans are complicated and subject to many rules, which BFG fully understands and can help you navigate to obtain the best loan for your business.
Business Funding Group LLC (BFG) is one of America’s top Small Business Administration (SBA) loan packaging firms.
We are an independent company that can help you streamline the application process and improve an applicant’s success by working with multiple lenders.
Our management team leverages its 70 years of collective experience securing SBA-backed loans for our customers. Many managers at our firm have previously operated small businesses and understand your needs. This first-hand experience ensures that your application is handled by a team that understands the challenges of running your own business including financing when needed.
Under the SBA loan program and other types of financing BFG has helped clients borrow more than $4 billion dollars in loans to grow their businesses over the last 10 years.
Our experienced and dedicated financial experts offer an array of services to companies all over the country.
You can rely on us for the following:
SBA offers very flexible use of proceeds, long repayment terms and competitive interest rates. They be used to purchase commercial real estate, refinance debt, buy inventory, marketing, acquisitions and much more.
At BFG we streamline a complicated loan process to make it easier for our clients.
For SBA loans, if we accept you as a client we have a closing rate of more than 90%, instead of the 5-10% success rate from most banks.
If we determine you currently do not qualify for an SBA loan, we will advise you on what steps you should take in order to become qualified.
For all of our other products and services we will assist you in determining which of our products best fit your needs.
BFG can advise you on how to use SBA loans to:
BFG’s basic philosophy is that you, as a business owner have the expertise needed to run and grow your business, and we as a loan packager, have the expertise to get you the largest financing you qualify for, at the lowest rates possible.
We have successfully helped several thousand businesses and have a huge amount of experience that can help you in your financing efforts.
Another guiding principle for BFG is that we never charge a fee unless you close a loan with us.
We view every loan that we work on as an individual experience between ourselves and you, the business owner. Through the last 10 years we have accomplished multiple loans for the same clients because we believe our job starts when we get you the initial loan.
We are not one of these services that present you with a computer module and you have trouble accessing a real person.
The 504 program is available for owners seeking to purchase real estate associated with their business. This property must be used for the operation of the company as opposed to an investment. The major benefit is the ability to finance up to 90% of the purchase in many cases, which is higher than a traditional loan.
The 7(a) program provides companies with the resources they need to expand. This includes more than just real estate purchases, including new inventory or working capital.
The Small Business Administration, being a government entity, has a lot of regulations when it comes to who qualifies. But since the SBA is not actually the one who lends you the money, you also have each individual lender’s qualifications, their “credit box.” Because BFG has such extensive experience in this field, we are intimately familiar with both and can help you navigate the process.
Banks want to answer two main questions when deciding to extend credit to a prospective client:
There are numerous business expenses that an SBA loan can pay for. Many companies use it for the ongoing cost of doing business. This could include purchasing new inventory or providing general working capital.
Funding is also important for expansion. This money is often used to purchase a warehouse or office building or expand into additional space at your current location. It could even cover the cost of buying a competitor.
The proceeds from an SBA loan can also address some of the challenges that come with running a small business. This includes financing existing debt or buying out a partner intent on leaving the company.
What’s more, this funding comes with benefits that many other lenders cannot promise. SBA loans typically offer low down payments and longer repayment timelines. The flexible terms are what bring many companies to SBA Preferred Lenders in the first place.
At BFG we strive to simplify what can be a complicated loan application process. When in need of unique financing solutions to help your business advance, we’re here to provide comprehensive solutions that are unique to your company and your current situation.
To schedule an appointment and learn more about SBA loans, please get in touch with our friendly team today. We are looking forward to partnering with you soon!
(917) 593-5013
