If you own an e-commerce business and want to take it to the next level, an SBA loan could be the perfect solution!
SBA loans are guaranteed by the Small Business Administration (SBA) and are borrower-friendly with favorable terms and flexible options.
Business Funding Group has over 12 years of experience with SBA loans and knows how to get government-backed financing for e-commerce businesses like yours.
E-commerce is an area that many banks are just starting to understand. BFG has helped over 300 companies in the e-commerce area complete SBA transactions.
If you want to learn more about SBA loans for e-commerce businesses, our team can help you determine your eligibility and guide you through the entire process.
SBA loans are attractive because they typically offer lower interest rates, longer repayment terms, low down payments, and flexible use of funds compared to traditional bank loans.
E-commerce businesses can struggle to find traditional lenders because it’s a relatively new industry, and many lenders aren’t yet comfortable extending financing, especially if your business is less than 5 years old.
The guarantee offered by the SBA on your behalf to the lender helps bridge this gap.
SBA loans offer flexible options designed to meet your unique needs.
They can support your growth in the competitive, ever-changing e-commerce scene by:
An e-commerce business owner might not be able to get a traditional bank loan, but when working with BFG, an SBA loan is within reach.
To qualify, your e-commerce company must:
There are several SBA loan options for e-commerce businesses. Choosing the right SBA loan for your business will depend on what you need the money for and how much you need.
Both the 7a and 504 programs can be used to purchase owner-occupied real estate for your business.
BFG has successfully helped numerous e-commerce companies reduce their high FBA (Fulfillment by Amazon) or similar fees by acquiring their own warehouses. Many of our clients choose to store the majority of their inventory in-house, lowering FBA inventory costs while still benefiting from the advantages FBA provides.
Where SBA 504 loans are mainly used for purchasing real estate, the 7a loan program can be used for both real estate and working capital.
Most of our e-commerce clients utilize the SBA 7a working capital loans to:
Other than the use of proceeds, 7a and 504 loans differ in the amount you can borrow. 7a loans max out at 5M, whereas the 504 loans can go above 20M.
The SBA loan process requires time, attention to detail, and expertise. At BFG, we have decades of experience to help simplify the process for you.
BFG assists you and your business throughout the entire SBA loan process, from start to finish, by:
At BFG, we only charge a fee when your loan closes, ensuring there’s no risk to you in choosing to work with us.
Our dedicated team offers expert guidance and can help you with your SBA loan application process so you can focus on your business—saving you priceless time and effort.
Contact us to discuss how SBA loans for e-commerce businesses could be the answer to growing your company.
We can assist you through the application process, ensuring the best outcome for your business.
Call now for your free 10-15 minute no-obligation consultation!
(917) 593-5013