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What does Growth Bridge Advisors do?Growth Bridge Advisors is the leading online bank network for SBA loans. We assist small businesses to apply for these loans through its network of preferred SBA lending banks and help increase approval rates by matching small businesses with the bank most likely to say "yes" to their loan. Growth Bridge Advisorsmakes successfully applying for an SBA loan faster and more efficient and helps with loan application preparation.
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How does Growth Bridge Advisors protect my identity and data privacy?One of our top priorities is keeping your data private and secure. We use the same high levels of security as the largest banks and financial services institutions. Your data is encrypted on our network using high-level encryption, and we monitor every step of each transaction. We use SquareSpace Site as a third-party verification to confirm that all transactions on the site are protected with up to 256-bit SSL (Secure Sockets Layer) encryption. To learn more about how we protect your financial information, please review our Privacy Policy.
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Where can I learn more about Growth Bridge Advisors?We have information on our vision, mission, values, and history located on our company page. You can also visit our careers page to learn more about our job opportunities.
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What is an SBA loan?An SBA loan is a small business loan that is guaranteed in part by the U.S. Small Business Administration and typically made by a bank. Specifically, Growth Bridge Advisorsoffers the SBA 7(a) Loan, which is the SBA’s most common loan program. SBA 7(a) loans ranging from $50,000 – $500,000 from banks in the Growth Bridge Advisors network can be used for: Working capital that includes operational expenses, marketing, hiring, etc. New equipment purchases Refinancing existing business debt not secured by real estate Eligibility is based on many factors related to industry, time in business, credit history, and more.
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SBA Loan ApprovalGBA helps you assemble your SBA loan application before it is sent to one of our preferred SBA banks for review and funding. Here is an overview of the basic steps involved in obtaining an SBA loan from a bank in the GBA network.
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SBA Loan Rates & FeesLoans offered through banks in the GBA network have a variable interest rate based on the Prime rate plus 2.75% to 6.5% depending on the size of the loan
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SBA Use of FundsLenders can have slightly different guidelines when it comes to use of funds from an SBA loan. Because Growth Bridge Advisors works with multiple banks, we match you with the lender most likely aligned with the use of SBA loan proceeds you are seeking. An SBA loan from a bank in the GBA network is a smart solution to help you reach your unique business goals and you can use the proceeds to save money and build your small business.
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I've been turned down by my bank before. Can I still get an SBA loan?Yes. We have helped many small businesses obtain an SBA loan offered from a bank in the GBA network even after they have been turned down by other banks.
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What if I'm not eligible or don't qualify for an SBA loan through Growth Bridge Advisors?Low rates, low monthly payments, and long terms make SBA loans the "gold standard" in small business lending. However, not every small business initially meets the requirements for an SBA loan. As a result, Bank Term loans are also offered from banks in the GBA network for small business owners that don't immediately qualify for an SBA loan or need funds more quickly than even our streamlined SBA process can provide. And if your small business can't qualify for an SBA or Bank Term loan, we still won't leave you hanging! Growth Bridge Advisors works with non-bank lenders as well. We'll work to help you find other financing options that may be a good fit for your needs.
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Will applying affect my credit score?No, you can pre-qualify for an SBA 7(a) loan offered through a bank in the GBA network without impacting your credit score. To determine if your business is pre-qualified, Growth Bridge Advisors reviews a soft pull of your credit report. This does not impact your credit score. When your loan application proceeds to funding, the bank will request a hard pull on your credit, which appears as an inquiry on your credit report. This only happens after your application is in the funding process and matched with a lender who is highly likely to fund your loan.
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What is a bank term loan?Term loans offered by banks in the GBA network have fixed rates with shorter repayment periods and a faster, less document-intensive alternative to a traditional 10-year term SBA loan.
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Why should I apply for a bank term loan?A Bank Term loan can be a good option if you don't initially meet the eligibility requirements for an SBA loan. It can also be a good option if you require funds quickly or you want a fixed interest rate with stable monthly payments. There's only one streamlined application to complete whether you are applying for an SBA loan or decide to opt into a bank term option.
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What can I use my funds for?A Bank Term loan from a bank in the GBA network can be used in a variety of ways to build your business and save money.
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Will applying affect my credit score?No, you can pre-qualify for a bank term loan offered through a bank in the GBA network without impacting your credit score. To determine if your business is pre-qualified, Growth Bridge Advisors reviews a soft pull of your credit report. This does not impact your credit score. When your loan application proceeds to funding, the bank will request a hard pull on your credit, which appears as an inquiry on your credit report. This only happens after your application is in the funding process and matched with a lender who is highly likely to fund your loan.
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