WHAT YOU NEED TO KNOW
You can borrow capital for nearly any business purpose - including working capital to improve cash flow, purchasing inventory or equipment, buying real estate, opening a new location, long term growth opportunities.
With Orumfy we made the process of obtaining working capital faster and easier.
We get business owners approved and funded between 2 weeks to 3 months.
A large portion of that time is usually taken up by the borrowers getting all the necessary documentation prepared.
Orumfy will analyze your business as well as any real estate you might need to use as collateral, make recommendations and guide you through every step of the process.
SBA programs offer businesses fixed-rate financing with interest rates starting as low as 7%.
Having good collateral such as real estate or high value equipment will help you get the lowest rate possible for your credit score range.
The most popular types of sba loans available to small business owners for financing are 7(a), Microloan Program, CDC/504 and Disaster Relief.
One of the main advantages an SBA Loan offers small business owners over conventional loans is low cost fixed-rate financing.
In addition, there are seldom prepayment penalties attached to them.
SBA Financing can provide borrowers with loan amounts as high as $5 million.
This option was specifically created for businesses that are unable to acquire financing with conventional loans through regular lending channels.
Obtaining capital for businesses with sba lending is much easier when working with someone that understands the process.
The Small Business Administration set the requirements that businesses must meet in order to participate in sba programs.
These requirements include:
- Borrowers must demonstrate an equity investment in the business
- The for-profit business must be based in the United States
- Small business owners cannot be involved in certain financial, political or members-only activities
- Business owners cannot be delinquent on any of your taxes or other debts to the federal government
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