SBA Source assists small‑business owners in obtaining SBA loans at no cost, guiding them through a five‑step process that includes a free onboarding call, a supported application, and comparison of competing term sheets. The service connects entrepreneurs with selected lenders, handles documentation, and monitors the deal through closing to ensure a smooth, transparent financing experience. It aims to simplify SBA lending for both borrowers and lenders.
Funding
Funding not disclosed
Founders
Product
Problem
Small business owners often struggle to navigate the complex, paperwork‑heavy SBA loan process, facing unclear lender options, lengthy timelines, and the need for specialized assistance.
Solution
SBA Source offers a free, end‑to‑end service that guides entrepreneurs through a structured five‑step workflow: an initial onboarding call, a supported loan application, collection of competing term sheets, introduction to the chosen lender, and ongoing monitoring until closing. The platform streamlines communication with multiple SBA lenders, enabling business owners to compare offers side‑by‑side within days. By handling documentation, lender coordination, and closing support, SBA Source reduces friction and accelerates access to SBA financing without charging the borrower.
Target Audience
Primary customers are U.S. small‑business owners and franchise operators seeking SBA loan financing who need a simplified, cost‑free pathway to secure funding.
Features
- 30‑minute onboarding call to outline the SBA loan process and set expectations
- Guided online application with real‑time assistance to ensure accurate, complete submissions
- Aggregation of multiple lender term sheets, allowing transparent side‑by‑side comparison of rates, fees, and terms
- Direct introduction calls with selected lenders to negotiate and finalize loan details
- Ongoing monitoring and support through the closing stage to address any issues and keep the process on track
- Completely free to the borrower; revenue is generated from lender partnerships rather than fees to the business owner