Frequently Asked Questions

What does Swift SBF do?

Swift SBF is an online lending platform that connects borrowers with our network of traditional bank and non-bank lenders. Swift SBF helps small businesses find the right loan that works best for them. Whether through an SBA loan or a business term loan, we will get your business the financing it needs. Swift SBF makes the business loan application process swift and easy.

How do SBA loans work?

The small business administration (SBA) is a federal government program that was built and designed to provide money to help build and grow small businesses. SBA loan products are similar to that of banks but are easier to acquire, making them a great option for younger businesses who haven’t had the time to build the necessary credit.

Of course, it would hard to find a business loan with more favorable terms than an SBA loan. This is due to the uniqueness of the SBA’s loan program and the way they have structured their different loan offerings.

SBA loans are not funded by the SBA.

The SBA serves as a broker between your business and the lender by establishing the guidelines of the loans and guaranteeing a large amount of the loan. By guaranteeing a portion of the loan, the loan is more attractive to the lender even if the business has a shorter history or a lower credit score.

You will work with the SBA to find a lender who will then fund the loan. Upon approval, you will receive a loan with monthly payments, fixed interest rates, and generous repayment terms.

If you have any additional questions, feel free to contact us here.