Sequoia Commercial Lending has partnered with Lendistry to provide SBA Working Capital Loans ranging from $25,000 - $350,000
SBA Working Capital Program
Loan Amount: $25,000 - $350,000
Rates - Prime Rate + 4.50%
10-year amortization
No Prepay
Two weeks funding
No notary doc signing, everything done through portal
Processing Fee capped at $2,500 (or 3% of loan amount, whichever is less)
Company Requirements
Company been in business at least 2-years
No Active liens/judgements/lawsuits
Minimum FICO Score - 680
Minimum SBSS (SBA Credit Score) - 170
Items needed for application process
3 years Business tax returns
1 year Personal tax returns
Business license (if required)
Business Debt Schedule - printable form here
Use of Loan Proceeds Breakdown (must qualify as working capital)
System will connect to your bank account through “Plaid” in application portal
System will ask for your identification through “Persona” in application portal
Max Loan Underwriting
Maximum Loan Parameters
25-30% of your total annual expenses + including cogs (cost of goods sold)
Total annual debt payments cannot exceed 25% of total annual revenue
No income qualification requirements / not full traditional cash flow
This loan is part of the SBA program and count towards $5M cap, if you already have reached the SBA cap your are ineligible
“Please reach out with any questions or if you need help with the application process, I’m here to be of service and get you the best financing possible.”
Your Lending Partner
Brett Twente
Brett Twente is a licensed California Real Estate Broker specializing in the arrangement of Commercial Real Estate, SBA Small Business Administration, and Business Loans. He has been active in the market since 2008 and is a seasoned veteran in fields including SBA business lending, real estate lending and finance.
Brett holds a CA DRE Broker License #01796616, Officer CA DRE Broker License #01953526, is a member of the CFBN Commercial Finance Broker Network, and a member of the Beverly Hills Greater LA Realtors Association. He regularly attends the NAGGL National Association of Government Guaranteed Lending, CMBA Commercial Mortgage Brokers Association conference, and CREF Commercial Real Estate Finance conferences.
