SBG Funding provides flexible small business loans up to $5M with same-day funding decisions and rates starting at 1.75%/month across multiple financing types.
Data compiled from public sources · Rating from CreditDoc methodology
SBG Funding operates as a small business lending platform focused on providing quick access to capital for business owners. The company positions itself as an alternative to traditional banks, emphasizing speed and flexibility in the lending process. Their website indicates they serve as leaders in small business growth funding with a stated mission to understand and serve small business needs.
The company offers multiple financing products including SBA 7(a) loans (up to $10M, 6 months to 7 years), Equipment Financing (1-10 year terms, up to 100% equipment value), Bridge Capital/lines of credit (up to $750K, 6-24 month terms), Small Business Term Loans, Small Business Lines of Credit, Invoice Financing, and HELOC products. They market industry-specific solutions for construction, restaurants, healthcare, HVAC, manufacturing, trucking, automotive services, beauty, wellness, retail, and veterinary practices.
SBG Funding distinguishes itself through promised same-day funding upon approval, decisions within 24 hours, no prepayment penalties across products, and rates stated as low as 1.75%/month. They emphasize mobile-friendly application processes and claim applicants can complete applications without impacting credit scores. The company provides a funding calculator and maintains a customer login portal, suggesting an established customer base.
While the website presents attractive terms and customer testimonials, the company's actual underwriting standards, approval rates, and whether advertised rates are achievable by typical applicants remain unclear from available information. The stated rates (1.75%/month = 21%+ APR) are relatively high compared to traditional bank small business loans, though competitive within the alternative lending space. Limited transparency exists regarding fees, eligibility requirements, or the percentage of applicants receiving best-advertised rates.
Yes. SBG Funding is a registered company, headquartered in New York, NY.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
SBG Funding is best for small business owners who need capital quickly and can afford higher-than-bank rates in exchange for same-day funding decisions and flexible underwriting. The main caveat is that advertised rates (1.75%/month+) are substantially higher than traditional bank business loans, and actual approval rates and achievable rates for typical applicants are not disclosed.
Unable to verify. Website returns 403 Forbidden error, preventing access to company information, services, and operational details.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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