Advanced REA Capital makes getting an SBA loan easy. An SBA loan is a small business loan that is guaranteed in part by the U.S. Small Business Administration and typically made by a bank. Through online automation, Advanced REA Capital shrinks the typical SBA lending process from months down to weeks. Advanced REA Capital SBA loans offer longer terms, lower rates and lower monthly payments than other loan options.

Need new equipment? Is it time to hire another employee? You can use your funds in a variety of ways depending how much you’re borrowing.

• $30,000  to $150,000 loans can be used for working capital (such as operational expenses, marketing, hiring, etc.), new equipment purchases, business acquisition, and to refinance existing business debt not secured by real estate (such as cash advances, business loans, and equipment leases)
• $151,000 to $250,000 loans can be used for working capital, new equipment purchases, business debt refinancing including debt secured by real estate, real estate purchases, and business acquisition (loan proceeds for real estate refinancing and real estate purchases can only be used when the business occupies at least 51% of the premises)
• $251,000 to $350,000 loans can be used for working capital, new equipment purchases, business debt refinancing, and business acquisition, and real estate purchases.

Businesses that qualify for a Advanced REA Capital SBA loan typically have $50,000 to $5 million in annual revenue, and 1 to 40 employees. Most of our businesses are profitable and cash flow positive. All are able to show that they can afford to make our monthly loan payments.

From a hair salon to an online retailer to an accounting firm – there are many small businesses that are eligible for a SouthPoint Capital SBA Loan. Most industries are eligible though there are exceptions. Here are some basic requirements:

• Minimum 2 years in business
• U.S. based business owned by US citizen or Lawful Permanent Resident who is at least 21 years old
• Good personal credit score
• No outstanding tax liens
• No bankruptcies & foreclosures in the past 3 years
• No recent charge-offs or settlements
• No criminal record other than minor vehicle violations
• Current on government-related loans

Most industries are eligible. Industries that are excluded include gambling, lending, life insurance, religious teaching, primarily political and lobbying activities, oil wildcatting, mining, mortgage servicing, real estate development, bail bond, pawn or private clubs, among others.

Yes. We have helped many small businesses obtain an SBA loan, even after they have been turned down by other banks..

 Yes, many customers get a second Advanced REA Capital SBA loan as their business grows and needs additional capital. If you receive approval for more than one SBA loan within 90 days of each other, the loans will be treated as if they were one loan for purposes of determining the amount of the SBA guarantee fees, if any.

We won’t leave you hanging! Advanced REA Capital works with non-SBA lenders too. We’ll work to find you another type of loan that’s a good fit for your needs.

Interest rates are variable and depend on the loan amount:

• 6.25% (prime rate* plus 2.75%) for loans $50,000 – $350,000
• 7.25% (prime rate* plus 3.75%) for loans $30,000 % – $49,000

We charge a one-time referral fee of 2% of the loan amount and a one-time packaging fee of 2% of the loan amount. For loans $151,000 and higher, there is a 2.25% guarantee fee paid to the SBA. Bank closing costs typically add about another $317 and include standard bank fees though additional 3rd party report charges may apply.

All business owners who own 20% or more of the business must provide a personal guarantee. Married couples who collectively own 20% or more of the business when their shares are combined, must both provide a personal guarantee.

Collateral depends on the loan size. If you apply for a SouthPoint Capital SBA loan of $30,000 or more, a lien on business assets is required, which includes assets such as accounts receivable or inventory, as well as fixed assets such as new equipment purchased with loan proceeds or commercial real estate owned by the business. The value of these assets does not need to equal the loan amount you are requesting

Advanced REA Capital SBA loans have far better repayment terms (10 years!) compared to many available alternatives. Our long repayment terms result in low monthly payments, and you can always repay the amount early with no penalty.

Yes. The one-time referral, packaging, and guarantee fees as well as closing costs are deducted from your loan proceeds at the time of funding. However, fees for other services, if any, are not deducted from loan proceeds.