Fedhaway
SBA Loan Program
A Fedhaway Initiative helping startups and small businesses secure loans to start, grow and expand their businesses.
Overview
Fedhaway SBA Loan Program
We help startups and small businesses get approved for SBA Loans to start, grow and expand their businesses. There are two types of SBA loans to choose from and they are the SBA 7A loan and the SBA CA loan.
Choose the type of loan you qualify for and lets get you started on your journey to becoming the entrepreneur you envision.
Financing
We finance startups or small businesses from $50k to $5M.
APR
The interest rate varies based on the type of loan you chose. Its between 10 - 13.5%
Term Length
The loan lasts for a maximum of 10years, giving you the peace of mind you need.
Funding Time
We help you get approved and funded in 8 weeks.
How We Help
We help you through the process of getting you approved and funded in 4 steps.
Step 1
Lending Assessment
We consult with you and show you which SBA program you qualify for, how much you qualify for, and what you need to be approved.
Step 2
Business Plan
We help you build or structure your business plan to help you in the process of getting approved and funded for an SBA loan .
Step 3
Financial Projection
We help you build or structure your financial projections to help you in the process of getting approved and funded for an SBA loan.
Step 4
Approval & Funding
We submit your documents to our lenders to review and introduce you to the lender that will fund your startup or small business with ease.
Our Packages
Choose your desired package lets help you get started.
Do It Yourself
- Lending Assessment
- Access to 25 Lenders
- 1 SBA Approval
$199
Done With You
- Lending Assessment
- Access to 25 Lenders
- Up to 3 SBA Approvals
- Business Plan Template
- Financial Projection Template
$999
Done For You
- Lending Assessment
- Access to 25 Lenders
- Up to 3 SBA Approvals
- Business Plan Template
- Financial Projection Template
$1999
(Guaranteed Approval)
Get funded today!
We help you get qualified, match you with our lenders and get you approved for funding within 8 weeks.
SBA Loan Program FAQS
General Questions
We help all startup industries except those that are restricted by the SBA. The SBA does not loan to the following industries:
- X Rated – Adult Entertainment
- Gambling
- Real Estate Investment
The SBA does not have a minimum credit score for business loans, but many of our lenders set theirs at 625.
However, if you have bad credit because of credit card utilization, or negative items older than 6 months we may still be able to get you an SBA business loan approval.
You can use Startup SBA funding to purchase an existing business, join a franchise, or start your own independent business.
You can also use it to get a working capital loan for your startup.
Yes, you can get a startup loan with no business revenue.
We help startups in USA in all 50 states get SBA loans. However, we help the most startups in: New York, North Carolina, New Jersey, Texas, California, Michigan, Georgia, Florida, and Maryland.
Specified Questions
A lending assessment is an analysis to see which SBA lending program you qualify for and what is needed from you to be approved. It includes a cash flow assessment to make sure on paper you can cover your personal and business expenses. It will also provide you with up to 3 loan amounts that you can choose from.
Your service needs will depend on how much help you need.
If you need business plan and financial projection assistance, then you would choose package 2 (Done with you) or 3 (Done for you).
If you do not want to spend time drafting multiple business plans and financial projections, you would choose package 3 (Done for you).
During our lending consult, you will let us know which package you would like to move forward with. You can purchase it over the phone, or we can send you a link through J.P. Morgan Chase where you can make the payment.
The payment is due before you begin receiving business loan services.
This fee covers the cost for the initial documents we help prepare. Our 2-3% fee for all other services you receive is only collected once your loan is funded.
The only package that guarantees your loan approval is package 3, Done For You. This is because we are able to help create your documents exactly the way they should be presented to meet our lenders’ requirements.
You have the choice to create your own business plan, use one of our templates, or have us create it for you. Business plans should be 15+ pages and should sell your business idea to the lender. If you can do this yourself, you may only need the “Do it Yourself” Package. If you need our assistance, you can choose “Done with you” or “Done for you”.
You have the choice to create your own financial projections, use one of our templates, or have us create it for you. Financial projections should be 2-3 years of estimations on what your monthly income & expenses will be for your company.