Small Business Loans 2016-12-20T20:40:06+00:00

The majority of business owners in the United States require funding at one time or another. Unfortunately, it can be difficult and time-consuming to secure a traditional loan from a bank. Enter Citi Capital Group, a leading independent financing company that offers several small business loan products. Most business owners apply for loans at their bank or credit union which can lead to lengthy applications, stringent credit requirements and prolonged wait times for funding. Banks turned down an estimated 8 out of 10 small business loans last year. Our Flexible loan options are just what you need to take your company to the next level.

  •  SBA programs
  •  SBA Express – under $150,000
  •  Loans for start-ups
  •  Asset based lines of credit
  •  Asset based loans

SBA
Take advantage of our many loan opportunities to and expand your small business. We’re here to meet and exceed your expectations so you can do the same for your clients.

Purpose:Working capital, refinance, business acquisition, R/E purchase/construction, purchase equipment or inventory
Loan Amount:$350,001 to $5,000,000
Collateral:Commercial R/E, inventory, FF&E (furniture, fixtures, and equipment)
Term:Varies, up to 25 years
Rate:Fixed or variable rate
Eligibility:Owner-operated and for-profit
LTV:Varies, up to 90%

 

SBA Express
This program was specifically designed with small business owners in mind. Our streamlined and automated loan program offers working capital loans from $20,000 to $150,000 with lower interest rates and extended repayment terms.

START UP FINANCING
Small businesses are the nucleus of the U.S. economy, making up over 99 percent of employer firms in the United States. Financing is essential for small business survival and growth, as well as for the nation’s fiscal health. Obtaining financing as a startup can be difficult because many new businesses have no established credit history, making the owner appear as a high-risk borrower to traditional banks, regardless of the business revenue. This type of banking strategy only prevents a startup from growing at a healthy, moderate pace.

There are a few options to help startups get the lending they need. Traditional lending sources are often the first thing that comes to mind, especially secured loans. While these can be great tools, not every startup meets the requirements or personal collateral required. Defaulting on a secured loan can not only stop the business in its tracks, but can also financially ruin the people who have risked their property in hopes to grow their business. It’s a viable strategy, but the rewards must always outweigh the risks.

Other options to consider for alternative lending sources are unsecured business loans. If a startup is planning to expand, they’re doing something right and their growth in sales will reflect this. We all want to see startups succeed, which is exactly the reason alternative lenders got started. By presenting a strong business plan and increasing business sales, it is often very easy for these new innovators to find the source of funding they need through unsecured loans.

CAPITAL FOR NEW AND GROWING BUSINESS
Taking out an unsecured loan can sometimes be the best way to move your business forward. Immediate access to capital allows businesses to take action quickly and grow in a timely manner. When new opportunities are available for a short period of time, you need to obtain a financing avenue that allows for a quick turnaround. Alternative lending services and unsecured loans can be an effective means of financing due to the speed of approval and the minimal requirements. A growth in revenue can sometimes be more than enough to compensate for the loan payment and can put you far ahead both in revenue and business development.

Fast, Easy Equipment Leasing

We make equipment financing and the process of obtaining a working capital loan easy and hassle-free. One-page app-only up to $250,000, fast credit decisions and same-day funding.

Web-Based Financing Tools

Our industry-leading web-based financing tools give you instant information. Use ourbusiness loan calculator, equipment finance calculator and Quick Quote tool.