Small Business Administration (SBA) Loans are not for everyone.
ECG Funding: Fast and Flexible to Grow Your Business
A Small Business Administration Loan or “SBA” can be a source of funds for your business—if you don’t have a 10% down payment, great credit, and the time to apply for multiple funding elements – the faster and simpler solution is funding from ECG.
NO MONEY DOWN
We don’t ask for or expect a good faith down payment. SBA loans require at least 10% down.
ECG DISBURSES ALL YOUR FUNDS
Often with SBA loans, your project is monitored and your funds disbursed only as the project progresses.
You’ll receive a quote within 24 hours and money in your account as fast as 2 business days, so you can act quickly on opportunities for your business.
MINIMAL PAPERWORK REQUIRED
Just complete our quick & simple online form or call us at Call (877) 204-9203 or (605) 252-3635. We’ll contact you to get the rest of your information and copies of some basic documents. That’s it!
USE OF FUNDS IS UP TO YOU
ECG Funding can be used for purchasing new equipment, training staff, or covering payroll for new hires. You know your business, and funds are to help your business grow.
LONG REVIEW PROCESS
Banks can take 6 weeks minimum, but in some cases more like 3–6 months, to get through underwriting and get you your funds. ECG’s process can take 1-2 days total!
DETAILED AND COMPLICATED PAPERWORK REQUIRED
You must submit a formal business plan, provide proof of multiple financial, legal, and business-related credentials, and be monitored by both the SBA government agency and your final lending bank.
SBA FUNDS MUST BE USED FOR DEFINED NEEDS ONLY
Your business plan must be followed or you might lose your funding. That means if something changes that is out of your control, you can’t use the funds to get back on track.