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SBG Funding Review

Matt D'Angelo
, writer
Apr 17, 2019
> Finance

SBG Funding offers several different funding options for small businesses. Loans include standard loans, business lines of credit, equipment financing and invoice financing. While there are no defined working capital loan options, the company's loan offering mirrors ideal terms and rates for small businesses looking for working capital. SBG provides quick funding options, favorable loan terms and no additional fees. It is our pick in 2019 as the best alternative lender for working capital loans. The company has a good reputation with the Better Business Bureau.

SBG Funding

SBG Funding

The Best Business Loan and Financing Options of 2019

The Verdict

To get a loan, businesses only need to be established for six months, have a credit score over 500 and earn $150,000 in annual revenue. SBG Funding is the best working capital lender in 2019.

To view all our recommendations for small business financing, visit our best picks page.

Working Capital Loans

Working capital loans are short-term loans small businesses can use to cover operational costs, expand the business or invest in marketing. They are similar to standard small business loans, but their short terms make them ideal for businesses looking to cover costs in a pinch, as opposed to committing to a long-term repayment plan. SBG's terms and requirements make it a good option for business owners seeking working capital or traditional loans.

SBG funding doesn't provide individual loans; instead, loans are classified into four types of financing. The overall qualifications differ slightly for the four different types of loans the company offers, with small business loan requirements being the most relaxed of any company we reviewed. Businesses can expect to be funded within 12 to 48 hours of being approved, which is faster than other companies we reviewed.

Rates and Terms

SBG Funding breaks down its pricing and terms based on which type of loan you're applying for. The small business loan terms and pricing is a standard offering for working capital loans. Business owners can get funding up to $1,000,000 at rates ranging between 5 and 35%.

Depending on your financial situation, you may end up with a higher rate. However, these rates are consistent with many of the other companies we reviewed. They're even significantly lower than some companies we reviewed. LoanMe, for example, provides loans with rates up to 149%.

SBG Funding also provides flexible repayment options and varying terms that are ideal for small businesses. Companies can pay off their loan on a weekly or monthly basis. If you want to pay off your loan early, SBG Funding doesn't charge pre-payment penalties.

While we considered evaluated SBG Funding's small business loan package for this review, this lender also offers funding options for other types of loans. Business owners can get a line of credit for up to $150,000 and terms between 6 and 18 months. Rates vary, starting at 5.99% and going up to 18.99%. You can increase your line of credit every 60 days.

The invoice financing option may also be compelling for some small business owners. Business can get an advance on 85 to 90% of outstanding invoices. The rates and approval process are based on financial stability and annual revenue numbers. While these are two compelling options, the small business loan package – and its potential to be used for working capital – is what sets this company apart as a best pick.

Company Features

In addition to favorable pricing and terms, the application process is quick, and the overall qualifications are ideal for new businesses.

Loan Process

You can apply for a loan with SBG Funding by filling out an application online or over the phone. The application is no obligation, and it's a great way to see how much money your business can qualify for.

You can submit basic contact information to get more information, or you can start filling out SBG Funding's online application. SBG Funding's application is more involved than some of the other online lenders we reviewed. You'll need to provide your full name, email address, date of birth, federal tax ID, the type of legal entity your business is, industry, state, phone number, email address and business address.

You'll then upload further documentation and financial information, such as your annual business revenue, average daily bank balance, monthly credit card sales, intended use of funds and how much money you're requesting. SBG Funding will also want basic business location information, like the landlord's name, phone number and monthly rent. You'll have to provide documentation to verify some of this information (see "Special Documentation" below).


SBG Funding has some of the most flexible loan lengths of any company we reviewed. You can elect for a short or longer-term loan depending on what works best for your business. The terms range from six months to five years, depending on your agreement. This level of flexibility from SBG means it can support your needs as a business owner.


You can qualify for up to $1,000,000. SBG Funding states that in order to be considered for a loan, you must be in business, at a minimum, of six months, have a credit score of 500 or greater and have over $150,000 in annual revenue.

Your interest rate will vary depending on your financial situation, and qualifications vary based on the type of loan you're applying for. The above requirements are just for SBG Funding's small business loan;  if you're interested in one of its other loan products – line of credit, invoice financing, etc. – other requirements may apply.


SBG Funding loans are unsecured, which means you do not need to put up collateral to secure the loan. Some businesses will place a lien on business assets, or "hold" those assets as collateral in case you default on the loan. With SBG Funding's unsecured loans, you won't have to risk your personal assets when you enter into a loan agreement.

Time Until Deposit

It takes up to 24 hours to get approved once you apply. Once you've been approved, you can expect funding within 12 to 48 hours. This is quick turnaround time, especially for the loan amounts SBG Funding advertises.

Special Documentation

According to its website, SBG Funding requires three months of bank statements to verify the financial stability of your business. In addition to basic financial information, SBG will conduct a credit check to verify that your score is above 500.

These are the two main documentation requirements outlined by SBG. However, lenders often need to see other information as well. For example, SBG requires some tax information on its one-page loan application, although it doesn't specify whether you need to submit tax returns. Based on your business's financial situation, it's best to talk with an SBG representative to find out what information you should have ready once you apply. Having important documentation ready, like bank statements, government-issued I.D., tax returns or some proof of business ownership, is a good way to speed the loan process along.

When to Use This Type of Loan

A working capital loan is ideal for small businesses looking for quick funds to cover business-related expenses, such as operational costs, marketing or advertising, payroll, hiring new workers, purchasing inventory, expanding the business, purchasing new equipment, acquiring another company or refinancing other debts.

Reputation and Customer Service

SBG Funding is accredited by the BBB with an A- rating. However, we couldn't find any additional reviews on this company on its BBB profile. Other review websites verify that SBG Funding provides a reliable service offering. It scored over a 9.7 out of 10 on TrustPilot, which curates user reviews of many alternative lenders.

To evaluate SBG Funding's customer service, we posed as small business owners and talked with sales representatives to learn more about the company's offering. We asked its representatives questions about SBG's loan products and general questions about business loans. Their reps took the time to thoroughly explain loan terminology and to provide clear and concise answers to our questions in addition to what we could expect from SBG.


SBG funding only supports businesses with brick-and-mortar locations. If you're an online business looking for a loan, you likely won't qualify. Other lenders we evaluated support online-based businesses; visit our best picks page to learn more about those lenders. For companies with a brick-and-mortar location and which meet SBG Funding's other qualifications, there were no major drawbacks we noted with SBG Fundings's loan products.

Editor's Note: Looking for a small business loan? Click the Compare Quotes button below to have our sister site Buyer Zone connect you with vendors that can help.

SBG Funding

SBG Funding

The Best Business Loan and Financing Options of 2019

The Verdict

To get a loan, businesses only need to be established for six months, have a credit score over 500 and earn $150,000 in annual revenue. SBG Funding is the best working capital lender in 2019.

Matt D'Angelo
Matt D'Angelo
Matt D'Angelo is a staff writer covering small business for and Business News Daily. After graduating from James Madison University with a degree in journalism, Matt gained experience as a copy editor and writer for newspapers and various online publications. In addition to his writing and reporting, Matt edits articles. He reviews small business services, including PEOs, small business loans and GPS fleet tracking services. He's been with and Business News Daily since 2017.