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SBG Funding Review
Table of Contents
- SBG Funding's term loans feature repayment periods ranging from six months to four years.
- The lender may approve borrowers with lower credit scores.
- The company's $1 million cap on term loans is significantly higher than those of similar providers.
- SBG Funding quotes a low starting monthly payment rate rather than the full annualized rate.
- Some business owners may not have the necessary documentation to apply right away.
- Borrowers with less-than-ideal credit may face higher interest rates or less favorable terms.
Securing funding is one of the biggest challenges for growing businesses, and strict loan terms can make it even harder. SBG Funding is an alternative lender that stands out for its flexibility. It offers small businesses a variety of financing options, including term loans, lines of credit, equipment financing, bridge loans and invoice financing, with relatively fast funding and no additional fees. Business owners will also appreciate that SBG customizes loan amounts and repayment terms to fit unique needs, making it a strong choice for companies that want financing on their own terms.
SBG Funding Editor's Rating:
9 / 10
- Collateral
- 8.8/10
- Fast funding
- 8.5/10
- Loan variety
- 8.5/10
- Easy approval
- 9/10
- Customer service
- 9.3/10
Why We Chose SBG Funding as the Best for Flexible Terms
Funding needs vary widely from business to business. Some owners prioritize lower monthly payments with longer repayment schedules, while others want to minimize total financing costs. But not every lender can adapt to those differences. In fact, many alternative lenders we’ve reviewed offer a limited range of loan sizes and repayment timelines.
SBG Funding stands out by offering term loans of up to $1 million with repayment periods of six months to four years. The company is also willing to adjust its terms to fit a variety of business needs, giving owners a more personalized financing solution than they’re likely to find elsewhere. For entrepreneurs who want options, SBG is a strong choice.
Loan Types and Rates
SBG Funding offers a variety of financing options, including term loans, lines of credit, bridge loans, equipment financing, invoice financing and SBA 7(a) loans. Rates and terms vary by loan type, but you can expect flexible repayment options, quick approvals and fast funding.
Term Loans
SBG Funding’s small business term loans range from $5,000 to $1 million. Term loans are appealing because they have fixed repayment schedules and typically lower rates. SBG offers repayment terms of one to four years — longer than many competitors that compress repayment periods into shorter windows. We also like that borrowers can choose between biweekly and monthly payments.
To qualify, you’ll need a minimum credit score of 550, at least $180,000 in annual revenue and six months of operating history. SBG reports an approval rate of 85 percent on term loans, with decisions usually made within 24 hours.
Interest rates start at less than 2 percent per month. Keep in mind this is not an annualized percentage rate (APR), so it’s important to ask about the full APR when speaking with an SBG representative.
Bridge Loans
SBG Funding’s bridge loan is a short-term financing option — sometimes called a hard money loan — that provides quick access to cash. Businesses often use bridge loans for working capital needs such as payroll, equipment or inventory.
SBG offers up to $1 million with repayment terms from six to 24 months. Interest rates start at 1.92 percent per month, and borrowers can choose weekly or monthly payments. Prepayment discounts are available, which can reduce overall costs.
To qualify, you’ll need a credit score of at least 600, annual revenue of $350,000 or more, a minimum of six months in business and four months of bank statements.
Business Lines of Credit
A business line of credit gives you access to funds when needed, and you only pay interest on the amount you draw. SBG Funding offers lines of credit of up to $1 million with repayment terms ranging from six to 48 months. As with its other loan products, approval decisions are typically made within 24 hours, and you can choose weekly or monthly payments.
To qualify, you’ll need a FICO score of at least 550, annual revenue of $180,000 or more and at least six months in business.
Equipment Financing
If your business depends on costly machinery or tools, SBG Funding can finance up to 100 percent of the purchase price. Repayment terms range from one to seven years, with monthly interest rates starting at 1.75 percent.
To qualify, you’ll need a credit score of at least 600, annual revenue of $350,000 or more, a minimum of six months in business and four months of bank statements. You’ll also need to provide at least one equipment purchase invoice. Funding decisions are typically made within 48 hours.
Invoice Financing
If you don’t want to wait on unpaid invoices, SBG Funding offers invoice financing, sometimes referred to as invoice factoring. While the two terms can have slightly different meanings depending on the lender, the concept is similar: You get quick access to cash tied up in accounts receivable.
SBG advances up to 90 percent of your outstanding invoices, which is high for the industry. Rates start at 0.25 percent per week, and you can choose between weekly or monthly repayment options.
To qualify, you’ll need a credit score of at least 600, annual revenue of $350,000 or more, at least six months in business and one invoice to finance. Approval decisions are typically made within 24 hours of applying.
SBA Loans
SBA 7(a) loans are backed by the U.S. Small Business Administration and are popular with business owners thanks to their low interest rates, long repayment terms and no required down payments. As an approved SBA lender, SBG Funding can help you secure up to $10 million with repayment terms of two to 10 years and interest rates starting at 2.75 percent.
To qualify, you’ll need a credit score of at least 650, at least two years in business and strong profitability and cash flow. These requirements are higher than those for SBG’s other loan products.
Terms
Compared with many lenders we reviewed, SBG Funding offers significantly more flexible loan repayment terms and is willing to tailor loan agreements to a business’s specific needs. In some cases, SBG can even arrange deferred-payment loans for the first three months.
Here are a few additional terms and conditions to keep in mind when considering SBG for financing:
Collateral
SBG Funding’s term loans and business lines of credit are unsecured, so you don’t need to put up collateral. However, the company may require a personal guarantee, which makes you personally responsible if your business defaults on the loan. For equipment loans, the equipment itself serves as collateral.
Application Process
You can apply for a business loan with SBG Funding by filling out an online form or submitting a paper application by email or fax. Be prepared to upload your last four months of business bank statements, a copy of your driver’s license and a voided check. After providing basic business details and documents, you can usually expect a response within 12 hours.
Approved funds are typically deposited by the next business day, which is a fast turnaround, especially considering that SBG offers much larger loans than many small business lenders. If speed is your top concern, though, check out our Rapid Finance review. This lender focuses on quick funding.
Customer Service
SBG Funding communicates with business owners via email, phone, an online form and even fax. While faxing may seem outdated, it’s helpful to have multiple options available. The company also maintains a funding blog on its website and provides an easy-to-use loan payment calculator to help estimate eligibility — both features that are on par with many competitors.
During our research, we found that SBG representatives often steer lower-qualified businesses toward smaller loan packages rather than burden them with high interest rates. We appreciate this ethical, customer-first approach, and it’s reflected in customer reviews: Many clients praise SBG’s service, with very few complaints reported online.
Limitations
SBG Funding is a great option for many businesses that need flexibility, but there are a few caveats to keep in mind:
- Higher interest rates: SBG is open to working with business owners who have less-than-perfect credit or modest revenue, which is helpful if you’ve had trouble qualifying elsewhere. However, this flexibility often comes with higher costs. The company specifies an average monthly interest rate of 1.75 percent for term loans, which differs from an annualized percentage rate (APR) and could be misleading. We recommend speaking with an SBG representative for clarity on the lowest APR available. If you have strong credit and want lower rates, see our Noble Funding review, which may be a better fit.
- Voided check requirement: To apply online or by paper, SBG requires a voided business check. With many businesses no longer relying on paper checks, this step can be an inconvenience, particularly for owners who need funding right away.
Methodology
To determine the best business loan and financing options on the market, we evaluated a number of loan providers and their platforms. Our examinations included credit score requirements, loan types, minimum revenue and time-in-business thresholds, customer service quality and funding speed. We also compared financial factors, like starting interest rates, loan terms and the size of loans available. To identify the top lender offering flexible terms, we closely considered repayment options, payment frequency, qualification requirements, and the financier’s willingness to customize the loan agreement.
SBG Funding FAQs
Bottom Line
We recommend SBG Funding for …
- Borrowers who prioritize flexible repayment terms.
- Business owners with lower credit scores.
- Small businesses seeking multimillion-dollar loans.
We don’t recommend SBG Funding for …
- Well-qualified business owners with good credit who are focused on securing the lowest possible interest rate.
- Business owners who need immediate funding but may not have all required documentation available.
- Businesses that prefer working with traditional banks or expect in-person service.
Natalie Hamingson contributed to this review.
