SBA 7A Loan - Torch Program

Need to Expand Your Company or Refinance Existing Debt (or Both)?

Do It Quickly & Efficiently With This Brand-New SBA 7A Loan Product Up To 350K!

For the last few years, there has been a real issue with funding business loans under $350,000. It seems like PPP and COVID wiped out most of these programs from existence, but now there is a loan solution to fill this huge business void called the SBA 7a Torch Program.

This new SBA 7a loan Torch Program is a fully automated portal-driven product. All you have to do is click the link below and fill out the information to get started. This is not another high-interest MCA shark loan that you are getting hit up for every other day in your email or in your mailbox. This is a true 10 or 25-year amortized loan with very competitive rates!

Apply Today

The SBA 7A Torch Program In A Nutshell

Low variable interest rates

Prime +2.75% on all SBA 7a loans $50k-$350k (current rate is 10.25%) – Dec 15th 2022

Prime +3.75% on all SBA 7a loans $26k-$49k (current rate is 11.25%) – Dec 15th 2022

10 years with no pre-payment penalties

25 years on real estate (5/3/1 prepayment penalty in first three years only)

2-year minimum time in business (under present ownership)

Most SBA eligible industries considered

What You Can Use Your Torch Funds For?

Debt refinancing and restructuring – get rid of those high interest MCA loans!

Working capital

Commercial real estate purchases or refinances (owner occupied)

Equipment or vehicle purchases

Improvements (e.g. paint, flooring, cabinetry, windows, etc.)

Construction – can make up to $150K of the SBA 7a loan amount

Business expansion (e.g, purchase of additional location, book of business)

Sorry, no business acquisitions or partner buyouts

Projected Timelines For Torch Funding

Prequalification

Same or next-day depending on the time of submission.

Packaging

Financial documents required for underwriting collected.

Underwriting

Two business days once full package is in.

If SBA 7a requirements are not met, we will notify you prior to issuing you a decline

If approved a conditional approval letter is issued and a hard pull of your credit

Closing 1-4 weeks from conditional approval depending on loan proceeds

Appraisals for real estate purchase/refinance take 5-10 business days

Torch funds are same day or the next day depending on the wire cutoff

SBA Loan Success Stories

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