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
Same or next-day depending on the time of submission.
Financial documents required for underwriting collected.
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
Oak Brook, IL 60523
Chicago, IL 60634
Monday - Friday
8AM - 4PM