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SBG Funding Review

Simone Johnson
Simone Johnson
Staff writer

SBG Funding offers working capital loans with impressive terms and rates for small businesses seeking funding. Its fast financing options, relaxed loan terms and lack of additional fees are among the reasons it is our choice as the best alternative lender for working capital loans.

SBG Funding

SBG Funding

Best Small Business Loans of 2021

The Verdict

SBG Funding is our choice as best working capital loan lender because of its flexible funding rates and loan terms. With rates ranging from 5% to 35% and terms from six months to five years, this lender's loans support short- and long-term needs.

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To understand how we selected our best picks, as well as a comprehensive list of alternative lenders, visit our best picks page.


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Pricing: Rates and Terms

SBG Funding has flexible rates and terms for small businesses and startups. Terms range from six months to five years, meaning SBG Funding supports both short- and long-term funding. Generally, companies either offer short- or long-term funding options, not both. 

SBG Funding's rates range from 5% to 35%, depending on your business's financial history. This flexibility mirrors SBG's terms: Shorter terms will likely have higher rates. When we spoke to SBG loan representatives, they told us businesses typically get funded for 7% to 12% on a quick-funding option and 4% to 6% on a longer review process. Keep in mind that rates vary widely based on your business's financial situation. 

You can pay back your loan on a weekly or monthly basis. Payment can be deducted directly from your business's checking account, ensuring that you make payments on time and don't have to worry about transferring money at the right time. You can pay your loan off at any point, as SBG Funding doesn't charge any prepayment penalties. However, it does charge an origination fee. This amount depends on your loan agreement, so if you're concerned about it, ask your loan representative upfront.

Business owners can request a line of credit for up to $150,000 at terms ranging between six and 18 months. You can increase your line of credit every 60 days. Rates start at 5.99% and go up to 18.99%. You can also get an advance on 85% to 90% of your outstanding invoices. The rates and approval process are based on your annual revenue.

SBG Funding Features


You need to have been in business for at least six months, have a credit score over 500 and make at least $150,000 in annual revenue to qualify for a loan with SBG Funding. These relatively lenient criteria allow businesses of all sizes to get the funding they need. While these are the baseline requirements, SBG Funding can likely work with you to find the right financing if your business doesn't quite meet these thresholds.

In addition to these qualifications, SBG Funding will likely want to examine some basic bank statements and other financial documentation to verify your business's income and time in operation.

These qualifications are for SBG Funding's small business loan. Its lines of credit, equipment financing and invoice financing qualifications vary, but they are still lenient compared to other lenders we evaluated.


SBG Funding doesn't require additional collateral to secure a loan. Many alternative lenders we evaluated require business or personal assets to get financing. With SBG Funding, you can get approved without risking your business or personal assets.

Application and Approval Process

To begin the qualification process with SBG Funding, you fill out a one-page online application. This application asks for basic business information, like your business's address, name, contact information and revenue. You also must provide your federal tax ID, your date of birth and your business's legal entity type.

SBG's application requires some financial information as well. You'll have to disclose your business's yearly revenue, average daily bank balance, monthly credit card sales, intended use of funds and how much money you're requesting.

Special Documentation

SBG Funding doesn't require a lot of extra documentation, but you will have to provide the last three months' bank statements for your business.

Time to Deposit

Once you've applied online or by phone with an SBG loan specialist, a representative will contact you and discuss your financing options. This is a good way to get an understanding of what you qualify for without committing to a loan with the company. You'll generally get a decision within 12 to 48 hours, with funding to follow shortly. This application process is long compared to other companies we reviewed.

SBG Funding Pros

SBG Funding's loan requirements are attainable for new businesses. You only need to have been in business six months and have modest monthly revenue and credit scores. SBG Funding has some of the most relaxed qualifications and requirements of any company we reviewed. It's willing to partner with new and growing businesses, and it can provide ongoing financial support. Depending on what your business needs, you could qualify for up to $1 million in funding.

SBG Funding works with most industries. Some alternative lenders we reviewed don't work with certain types of businesses or industries. SBG helps small businesses in need of funds for business expenses like operational costs, marketing and advertising, payroll, new hires, inventory, business expansion, new equipment, acquisitions, or debt refinancing.

SBG Funding Cons

SBG Funding requires a host of information about each business during the application and approval process. This includes their federal tax ID, legal entity type, yearly revenue, average daily bank balance and monthly credit card sales. It also requires businesses to have about $10,000 in monthly sales to qualify.

Customer Service and Reputation

We posed as small business owners and called SBG Funding to learn more about its small business loans and customer service. In all instances, SBG representatives were polite and answered our questions without pushing for a commitment. They gave us a good look into the alternative lending industry and helped us understand all aspects of the company's loan process. Many alternative lenders we spoke to were more concerned with selling their company than helping us understand the small business loan industry.

After speaking to us on the phone, the representative sent us an email with easy-to-understand information and inquired about the well-being of our business amid COVID-19. Between our phone interactions and this follow-up, we were pleased with SBG Funding's customer service and its commitment to helping us learn more about the process.

SBG Funding has a good online reputation, earning an A+ and accreditation with the Better Business Bureau. As of May 2020, there was only one customer complaint on its BBB page (it's common for loan companies to have multiple complaints).

Ready to choose an alternative lender? Here's a breakdown of our complete coverage:


Image Credit: Undefined / Getty Images
SBG Funding

SBG Funding

Best Small Business Loans of 2021

The Verdict

SBG Funding is our choice as best working capital loan lender because of its flexible funding rates and loan terms. With rates ranging from 5% to 35% and terms from six months to five years, this lender's loans support short- and long-term needs.

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Simone Johnson
Simone Johnson
Business News Daily Staff
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Simone Johnson is a business.com and Business News Daily writer who has covered a range of financial topics for small businesses, including on how to obtain critical startup funding and best practices for processing payroll. Simone has researched and analyzed many products designed to help small businesses properly manage their finances, including accounting software and small business loans. In addition to her financial writing for business.com and Business News Daily, Simone has written previously on personal finance topics for HerMoney Media.