Elite Finance Team

SBA Loans for Startups

Business owners need funding for the growth and success of Startups. At Elite Finance Team, we provide you with SBA loans to meet your business needs. 

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Need Funding for Your Startups?

The right loan can make a significant difference, whether you’re starting or growing. An SBA loan offers flexible options with competitive interest rates to help Startups owners secure the financial support they need. By partnering with an experienced SBA lender like Elite Finance Team, you gain access to expert advice, a straightforward loan application process, and various solutions that would help your business goals.

Find The Right SBA Solution for Your Business Needs

Navigating the options for SBA loans can be overwhelming, but the Elite Finance Team makes the process easy. We help match you with the most suitable loan program by analyzing your business’s financial health, including credit score, current lenders, and required loan amount.

Types of SBA Loans We Provide

Construction and Heavy Equipment Financing

SBA 7(a) Loan Program

The SBA 7(a) loan is a widely used program, offering flexible funding for purposes such as purchasing equipment, managing working capital, or expanding your business.

Manufacturing and Production Machinery Financing

SBA CDC/504 Loan Program

This program provides long-term financing for assets like real estate or equipment, enabling sustainable business growth.

Medical and Professional Equipment Financing

SBA Microloans

SBA microloans are perfect for businesses with smaller financial needs, such as purchasing inventory or hiring staff.

Office Technology and IT Systems Financing

SBA Disaster Loans

For businesses affected by unforeseen events, SBA disaster loans provide financial relief to help recover and rebuild.

Get Funded Quickly

SBA Loans for Startups

SBA loans for startups offer accessible funding with low-interest rates and flexible terms to help new businesses grow and succeed.

SBA FastTrack™

Minimum FICO Score 700 Equifax model v9
Minimum SBSS (small business scoring system) 170
Time in Business 2 years
Felonies Allowed No
Bankrupctcy Allowed 1 bankrupcy allowed after 10 years seasoning; multiple BK’s not allowed.
Use of Funds Working Capital
Debt Service Coverage Ratio Not required, but business must show at least $1 in profit (NOI) on last filed tax return
Taxes Owed All taxes must be current; including 941 payroll taxes, 1040 personal taxes and 1120 business taxes.
Closing Timeframe 3 weeks
Loan Term 10 Years
Loan Amount $50,000 – $150,000. Loan amount is 33% of gross revenue on the last filed tax return up to maximum loan of $150,000
Interest Rate Prime + 3%, variable adjusting quarterly
Fees 2% charged by LoanBud to client; 2% charged by Broker to client; $1,500 packaging fee charged by lender to client
Commission to Broker 2%, paid by client
Documents Needed
*required for initial pre-qualification submission
  • *Business Tax Returns – most recent 2 years
  • *Personal Tax Returns – most recent 2 years
  • *Drivers License or Passport
  • Personal Financial Statement (Form 413)
  • SS-4 Letter from IRS confirming EIN
  • SBA 1919 Form
  • Articles of Incorporation / Organization
  • Operating Agreement or Bylaws
  • Voided Check
  • Business license, if required
  • Spouse email address if married

How We Provide SBA Loans

Getting a business loan with Elite Finance Team is simple:

Apply In Minutes

Apply in Minutes

Complete a loan application online or with one of our advisors. We’ll evaluate your financial situation, including your credit score and business goals.

Elite Experience

Compare Options

Based on your needs, we’ll present the best SBA loans and other lending options, highlighting features such as interest rates, repayment terms, and flexibility.

Customize

Customize Terms

Work with our team to adjust the loan amount and repayment schedule to fit your requirements.

Get Funded

Get Funded

Once approved, funds are disbursed quickly, allowing you to focus on running and growing your business.

Why Choose Elite Finance Team?

When selecting a partner for your business loan, it’s essential to work with experts who understand SBA loans. Here’s why Elite Finance Team is the right choice:

Flexible Financing

Expert Financial Guidance

Our experienced team offers advice on interest rates and helps you through the loan application process, ensuring you make informed decisions.

Quick Access to Cash

Client-Centered Approach

Whether you need a credit line, a loan to refinance existing debt, or funds for a specific project, we align our solutions with your business needs.

Expert Support

Comprehensive Solutions

We provide several business loans, including term loans and working capital financing, addressing short-term challenges and long-term goals.

Transparent Terms

Proven Track Record

With a history of securing favorable interest rates and repayment terms, we’ve helped numerous businesses achieve their objectives.

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Transparent Communication

From explaining loan terms to answering questions about repayment, we ensure you feel informed at every step.

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Fast Funding Process

Our streamlined processes ensure quick approvals and access to the funds you need to keep your business moving forward.

What Our Customers Say

EXCELLENT
Google star 1Google star 2Google star 3Google star 4Google star 5
Based on 69 reviews
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Deana H profile picture
Deana H
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
The whole team over at Elite Finance has been instrumental in the growth of business over the last 2 years. I've grown my business from a single location to 3 locations in that time. Amir's insight was absolutely pivotal, he always takes the time to listen so he has a deep understanding of my situation and then does his magic to let me know the benefits of each loan option. He consistently checks in and makes sure everything is going well and is easy to get a hold of on the phone. Very professional, very communicative
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Dayneliz M profile picture
Dayneliz M
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Impressed with this companies customer service. I used them for an SBA-7a and the process was very straightfoward. I recommend Elite Finance to all small business owners in need of business capital
Posted on Google Google
Joe profile picture
Joe
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
I had an excellent experience partnering with Elite Finance to secure financing for my business. In working with Amir, his depth of knowledge in business lending was shown in every step of the process. What stood out most to me is that he truly took the time to understand my specific needs and financial situation, I wasn't made to feel like "just another client". Amir and his team's communication skills were exemplary, I was kept informed throughout the entire process. I cannot recommend Elite Finance highly enough to anyone needing business financing, this is a textbook example of what a lending company should be!
Posted on Google Google
Grant S profile picture
Grant S
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
I was impressed at how knowledgable everyone at Elite Finance was. I’ve worked with some business financing companies before and the difference is night and day. They broke down what I realistically qualified for and the pros and cons of each one, then didn’t pressure me and let me decide what was best for my business. 5/5 stars.
Posted on Google Google
Jind K profile picture
Jind K
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Amir was extremely helpful in securing funding for my company, in record time and beat deadlines. He spent time explaining the difference between each loan that enabled me to make informed decisions. Thank you, Amir, for walking me thru these difficult decisions.
Posted on Google Google
Joalbert profile picture
Joalbert
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
After getting the same offers over and over from different lenders, Amir was the first person who actually brought me something new. He got me products I had never even heard of before, including a flex term loan that even has a line of credit period built into it. This guy is a wizard at what he does, and more importantly, he’s honest. Highly Recommend for business funding
Posted on Google Google
Joao L profile picture
Joao L
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
It really was a breathe of fresh air working with Amir. I’ve had some negative experience in the past trying to find business funding, but from the very first call I could tell Amir was transparent and experienced. He seemed to genuinely have my best interest in mind and did not just push just any offers on me. He took time to understand my goals and got me an offer that made sense. The actual process was super smooth and their communication was always on point. I’d highly recommend Elite Finance Team to anybody who’s looking for money for their biz.
Posted on Google Google
Synchronicities L profile picture
Synchronicities L
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Highly recommended!! Amir was honest, professional, and extremely patient and willing to explain the things thoroughly, which allowed time and processing for me to make the decisions that were best for my business. Absolutely not the typical experience we all tend to have with the lending industry. I highly recommend Amir and the team he works with!
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Partner With Elite Finance Team For Your SBA Loan Needs

Securing the right business loan can transform your business. At Elite Finance Team, we’re committed to simplifying SBA loans. From selecting the best SBA lender to customizing your loan application, we make the process straightforward. Get the financial support you need to thrive.

Frequently Asked Questions

How Long Does The Approval Process Take?

The timeline varies by SBA lender and loan type. Typically, approval takes a few weeks, but the Elite Finance Team ensures a smooth process.

Can Startups Qualify for SBA Loans?

Yes, some SBA loans, such as microloans, are designed specifically for startups with limited financial history.

Will The SBA Give A Loan Directly to A Startups Owner?

No, the SBA works through approved lenders who provide the funds. Elite Finance Team connects you with trusted SBA lenders to meet your needs.

How Much Can I Borrow With an SBA Loan?

The loan amount depends on the program and your business’s financial health. For example, SBA 7(a) loans allow borrowing up to $5 million, while microloans are capped at $50,000.

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