SBA 7A Loan - Torch Program
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!
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
25 years on real estate (5/3/1 prepayment penalty in first three years only)
2-year minimum time in business (under present ownership)
What You Can Use Your Torch Funds For?
Debt refinancing and restructuring – get rid of those high interest MCA loans!
Construction – can make up to $150K of the SBA 7a loan amount
Projected Timelines For Torch Funding
![](https://www.icadvisors.com/wp-content/uploads/2020/01/icon-quick-easy-1.png.webp)
Prequalification
Same or next-day depending on the time of submission.
![](https://www.icadvisors.com/wp-content/uploads/2020/01/icon-checklist-1.png.webp)
Packaging
Financial documents required for underwriting collected.
![](https://www.icadvisors.com/wp-content/uploads/2020/01/icon-approved.png.webp)
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
Torch funds are same day or the next day depending on the wire cutoff
SBA Loan Success Stories
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Huge Success Story When Business Reaches Maximum SBA Loan Eligibility
![Dance Studio secures SBA loan for new property](https://www.icadvisors.com/wp-content/uploads/2021/10/3915-3919-Oakton-St-Skokie-IL-Exterior-1-300x200.jpg.webp)
Closed on Start-Up Dance Studio…Not Easy in This COVID Environment
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Dr. Fang Gets 100% FINANCING on Her First Practice with NO MONEY DOWN!
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Oak Brook
Suite 126N
Oak Brook, IL 60523
847-644-8085
Chicago
Chicago, IL 60634
847-644-8085
Monday - Friday
8AM - 4PM
info@icadvisors.com