About Us
Small Business Solutions
SBS Advance is committed to providing you access to quick and easy working capital to meet your company’s needs. Every business is different, and we make it OUR BUSINESS to understand your unique needs.
Why Choose Us ?
SPEED OF DELIVERY
From the first word out of our Funding Advisor’s mouth to you seeing the funds in your account could just be a matter of hours.Try us.
EXCEPTIONAL CUSTOMER SERVICE
We hold the business owner’s hand every step of the way, making sure that not only the first funding process is smooth, but even afterwards we continue to serve as an asset and a resource to them and their business.
NO COLLATERAL
Our core specialty is offering unsecured capital where none of your assets are at risk. You sleep easy at night knowing that even if the World turns upside down, the risk would be borne by us and our funding partners.
RESOURCEFULNESS & CREATIVITY
It goes without saying that we like going the extra mile for our clients. However, seeing is believing. You only have to talk to some of our clients to fully realize the extent to which we would go to structure outrageously creative deals to help suit your businesses’ needs.
NO WORRIES ABOUT YOUR CREDIT
Your credit score is poor and you are worried about not being approved. We will get you funded despite a less than average fico score. Your credit is exceptional and you are worried about it being affected, we got you covered. We will only do a soft pull to be able to show you numbers and once we agree on them, then we can move forward with a one time credit pull by the lender to confirm the offer. Either way, you’re good.
NO COMPOUNDING
Traditional financing means interest rates, and those rates compound over time. We are different. There is no interest rate. We only have a fixed cost of capital. No matter if you pay back in 5 months or 5 years, you pay back the same amount.
Feel free to use our Equipment Finance Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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FAQ's
What is SBS ?
SBS is Small Business Solutions, offering our clients funding options tailor-made for their businesses. We can also assist our clients with their business operations through outsourcing work which takes up a lot of their time, labor and cost.
What kind of funding options does SBS provide?
We are a one-stop shop for all kinds of financial products: SBAs, term-loans, working capital loans, equipment financing, lines of credits, factoring arrangements and merchant cash advances. Our core area of excellence and expertise though is providing unsecured capital in as little as 1 to 2 business days.
What does the whole process look like?
Our focus is on speed of delivery. We can fund a business within a couple of hours. We need the last couple of months’ business bank statements and a one-page signed application to do underwriting on the file. Once we have put an offer on the table, we typically need the copy of the owner’s driver’s license and voided check to send contracts and fund the account the same day.
What do I need to qualify?
You need to be in business for at least 6 months, and be depositing at least $10,000 each month in your business bank account to qualify. These are the most basic requirements to qualify for our financial products.
What are the rates?
We get it. This is the most important question which comes to a business owner’s mind. There are no fixed rates though. The rates depend on the kind of financial product you are applying for. They also depend on the industry you are in, the length of time in business, the size and frequency of deposits in your business account, the average daily balance you maintain in your account, and also on your credit profile. The best way to find out the rate is to talk to a funding advisor, and send the documents needed to get a free quote.
How important is my credit?
Your credit score is not the most important criteria for our revenue based financial product, which gives more weightage to your business bank statements.
Will my credit score be affected if I apply?
Your credit score will not be affected at all if you only send your documents to us. However, if you are working with multiple other companies simultaneously, then obviously we cannot give any guarantees for your credit score not being affected.
What is revenue based financing?
Revenue based financing is where a funder purchases your future revenues at a discounted price on the day the cash advance is given out and charges a % of your future sales as a payment until all those purchased sales are collected. As a seller of your future sales, the advantage you draw from this agreement is that your payments can be adjusted according to your sales.
How will the payments come out?
There will be fixed ACH payments coming out of your business account. The payments could be daily (mon-fri), weekly or monthly depending on which product you have qualified and opted for.