National Business Capital Releases New SBA Financing Product
JUN 20, 2018 - 6:12 am
National Business Capital introduced the Hybridge SBA Loan. Part small business loan and part SBA loan, the Hybridge SBA Loan was created for small business owners that wish to gain SBA funding without having to wait out the sometimes long and arduous SBA funding process.
“We are thrilled to provide our customers with a faster, simpler, and more cost-effective SBA experience” said Joseph Camberato, president of National Business Capital. “With our new streamlined Hybridge SBA process, our customers are able to get the funding they need immediately without any of the stressful hangups they get from banks and other lenders.”
Typically, business owners who apply for an SBA loan must wait more than six months to receive funding, which can hold them back from taking immediate action in resolving any business challenge and seizing opportunities for growth. The Hybridge SBA Loan was designed to create an expedited SBA funding process that can get them access to funds in as little as 45 days, as well as capital from a fast-acting small business loan that helps “bridge” the gap in SBA funding.
The Hybridge SBA Loans contains three steps:
Applicants apply simultaneously for both an SBA loan and a small business loan, reducing duplicative paperwork.
Clients are alerted within 48 hours as to their SBA approval status. At the same time, applicants can receive funding from their small business loan in as few as 24-48 hours to bridge the wait time to receive funds from their SBA loan.
Through National Business Capital’s SBA funding process, business owners receive SBA funding in as few as 45-60 days. They then have the option of paying off their initial small business loan completely and gain the long-term funding they were after from their SBA loan. Or, business owners can use the additional funds to continue the growth of their company.
Founded in 2007 by Camberato and James Webster, National Business Capital is a global provider of alternative financing options for businesses in the U.S., UK, Canada and Puerto Rico.
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