{"id":20556,"date":"2023-04-13T13:41:41","date_gmt":"2023-04-13T13:41:41","guid":{"rendered":"https:\/\/swoopfunding.com\/us\/?post_type=sba-loans&#038;p=20556"},"modified":"2024-08-14T11:15:50","modified_gmt":"2024-08-14T11:15:50","slug":"sba-line-of-credit","status":"publish","type":"sba-loans","link":"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-line-of-credit\/","title":{"rendered":"SBA line of credit"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20556\" class=\"elementor elementor-20556\" data-elementor-post-type=\"sba-loans\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1218dc1 e-flex e-con-boxed e-con e-parent\" data-id=\"1218dc1\" data-element_type=\"container\" data-e-type=\"container\" id=\"hero-title\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-35e6b68a e-con-full e-flex e-con e-child\" data-id=\"35e6b68a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6e424f28 elementor-widget elementor-widget-heading\" data-id=\"6e424f28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">SBA line of credit\u200b<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42bb0b9c elementor-widget elementor-widget-ucaddon_cash_goal\" data-id=\"42bb0b9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_cash_goal.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div class=\"cash-goal-widget\">\n <div class=\"cash-goal-container container-fluid no-gutters\" style=\"padding: 0;\">\n <div class=\"main-state\">\n\n <div class=\"row\">\n <div class=\"col-xl-10 col-lg-12 col-md-12\">\n <form id=\"form-cash-goals\" action=\"\/\" method=\"POST\">\n <input type=\"hidden\" name=\"robots\" id=\"robots\">\n <input type='text' name='source_marketing_website' id='source_marketing_website' value='US'> <input type=\"hidden\" name=\"oid\" value=\"00D4J000000D0BK\">\n <input type=\"hidden\" id=\"firstname\" maxlength=\"40\" name=\"firstname\" size=\"20\" \/>\n <input type=\"hidden\" id=\"lastname\" maxlength=\"80\" name=\"lastname\" size=\"20\" \/>\n <input type=\"hidden\" name=\"00N4J00000HsXER\" id=\"00N4J00000HsXER\">\n <input type=\"hidden\" name=\"00N4J00000J885W\" id=\"00N4J00000J885W\">\n <input type=\"hidden\" name=\"00N8e000000m1Yo\" id=\"00N8e000000m1Yo\"> \n <input type=\"hidden\" id=\"00N4J00000FG6HO\" maxlength=\"40\" name=\"00N4J00000FG6HO\" size=\"20\" \/>\n \n \n <div class=\"title-main\">\n <p class=\"title-calc h4\">What is your cash goal?<\/p>\n <\/div>\n\n <div class=\"how-much input-line\">\n <div class=\"row\">\n <div class=\"col-md-12 col-12\">\n <label>How much funding do you require?<\/label>\n <div class=\"group-inputs d-flex\">\n <div class=\"circle-currency\">\n <span class=\"material-icons\">attach_money<\/span> <\/div>\n <div class=\"input-how-much\">\n <input type=\"text\" class=\"form-inputs mask-money\" name=\"amount_of_funding_required\" id=\"amount_of_funding_required\" inputmode=\"numeric\" aria-label=\"How much funding do you require?\">\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"annual-turnover input-line\">\n <div class=\"row\">\n <div class=\"col-md-6 col-12\">\n <label>What is your annual revenue?<\/label>\n <div class=\"group-inputs d-flex\">\n <div class=\"circle-currency\">\n <span class=\"material-icons\">attach_money<\/span> <\/div>\n <div class=\"input-annual-turnover\">\n <input type=\"text\" class=\"form-inputs mask-money\" name=\"what_is_your_annual_turnover\" id=\"what_is_your_annual_turnover\" inputmode=\"numeric\" aria-label=\"What is your annual revenue?\">\n <\/div> \n <\/div>\n <\/div>\n \n <div class=\"col-md-6 col-12\">\n <div class=\"how-old-business\">\n <label for=\"founded_year\">How old is your business?<\/label>\n <select name=\"how_old_is_your_business_\" id=\"how_old_is_your_business_\" class=\"form-inputs\" aria-label=\"How old is your business?\">\n <option selected value=\"0\">How old is your business?<\/option>\n <option value=\"1\">0-6 months<\/option>\n <option value=\"2\">6-12 months<\/option>\n <option value=\"3\">1-2 years<\/option>\n <option value=\"4\">2-5 years<\/option>\n <option value=\"5\">5+ years<\/option>\n <\/select>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n <div class=\"input-line input-name-phone d-none\">\n <div class=\"row\">\n <div class=\"col-md-12 col-name\">\n <label>Full name<\/label>\n <div class=\"group-inputs\">\n <div class=\"input-name\">\n <input type=\"text\" class=\"form-inputs\" name=\"name\" id=\"name\" autocomplete=\"name\" aria-label=\"Full name\">\n <\/div>\n 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Phone numbers aren't shared with third parties. <a href=\"https:\/\/swoopfunding.com\/us\/privacy-policy\/\" target=\"_blank\">Privacy policy<\/a> & <a href=\"https:\/\/swoopfunding.com\/us\/terms-and-conditions\/\" target=\"_blank\">Terms of use<\/a>.\n <\/label>\n <div class=\"check-valid\"><\/div>\n <\/div>\n <\/div>\n<\/div>\n\n<script>\n    var version = 'v_2064139685';\n\n    document.querySelectorAll('#' + version + ' .form-check-label').forEach(function(label) {\n        label.addEventListener('click', function(event) {\n            if (event.target.closest && event.target.closest('a')) {\n                return;\n            }\n            event.preventDefault();\n            var checkbox = label.previousElementSibling;\n            if (checkbox && checkbox.type === 'checkbox') {\n                checkbox.click();\n            }\n        });\n    });\n<\/script>\n <\/div>\n\n <div class=\"buttons-aplly\">\n <input type=\"submit\" class=\"btn btn-lg btn-gradient disabled go-to-loading-state\" value=\"Get started\" disabled>\n <\/div>\n\n <\/form>\n\n <\/div>\n <\/div>\n\n <\/div>\n <div class=\"loading-state d-none\">\n <div class=\"spinner-border\" role=\"status\">\n <span class=\"sr-only\">Loading...<\/span>\n <\/div>\n <\/div>\n <div class=\"secondary-state d-none\">\n\n <div class=\"row\">\n <div class=\"col-12 d-flex align-items-center title-secondary\">\n <i class=\"icon material-icons\">\n arrow_back_ios\n <\/i>\n <h4>\n Here are your potential matches<\/h4>\n <\/div>\n <\/div>\n <div class=\"search-result\">\n <div class=\"search-result-item\">\n <p id=\"loans\" class=\"h1\"><\/p>\n <p>Loans<\/p>\n <\/div>\n <div class=\"search-result-item\">\n <p id=\"equity\" class=\"h1\"><\/p>\n <p>Equity<\/p>\n <\/div>\n <div class=\"search-result-item\">\n <p id=\"grants\" class=\"h1\"><\/p>\n <p>Grants<\/p>\n <\/div>\n <\/div>\n \n <div class=\"text-left\">\n <a href=\"https:\/\/us.swoopfunding.ca\/stage\/\" target=\"_blank\" class=\"btn btn-lg btn-gradient\" rel=\"noopener\">Discover your personalized funding matches \u2013 it's free and easy!<\/a>\n <\/div>\n \n <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-13f1a42a e-con-full e-flex e-con e-child\" data-id=\"13f1a42a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-28a7833a elementor-widget elementor-widget-html\" data-id=\"28a7833a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script src=\"https:\/\/widget.senja.io\/widget\/e6c5d5b3-51c2-4eaf-82c8-286908b13ac3\/platform.js\" type=\"text\/javascript\" async><\/script>\n<div class=\"senja-embed\" data-id=\"e6c5d5b3-51c2-4eaf-82c8-286908b13ac3\" data-mode=\"shadow\" data-lazyload=\"false\" style=\"display: block;\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c433718 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c433718\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14237f10\" data-id=\"14237f10\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a7efc7 elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"3a7efc7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ca3310b elementor-widget elementor-widget-text-editor\" data-id=\"5ca3310b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Along with term loans, the SBA also offers four business lines of credit through their CAPLine program.\u00a0 <\/span><span style=\"font-weight: 400;\">If you need flexible, short-term funding for your business, an SBA line of credit is a great solution. Keep reading for details on how business lines of credit work, what you can use them for and what your options are with the SBA.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-feff95f elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"feff95f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"SBA line of credit\",\n          \n          \"datePublished\": \"2023-04-13T13:41:41+00:00\",\n          \"dateModified\": \"2024-08-14T11:15:50+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Paige Smith\",\n              \"url\": \"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\" aria-label=\"Paige Smith\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg?is-pending-load=1\" alt=\"Paige Smith\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\">Paige Smith<\/a>. <span>Last reviewed on August 14, 2024<\/span>. <span>Next review due October 1, 2027.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Paige Smith<\/div>\n <div class=\"role-user\">Expert financial copywriter<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Paige Smith is a content marketing writer specializing in the intersection of business, finance, and tech. Paige regularly features on a number of B2B finance and fintech websites including Fundera, Funding Circle, Fundbox and Nav, amongst others.<\/div>\n<\/div>\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-862dbe8 elementor-widget elementor-widget-ucaddon_aivoov_player\" data-id=\"862dbe8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_aivoov_player.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t<div class=\"aivoov-player-block\">\n\t<div class=\"read_this\">Read this article to me<\/div>\n\t\t\t<style>\n\t\t\t.plyr__controls .plyr__controls__item:first-child{\n\t\t\t\tbackground:#2e9c8e !important;\n\t\t\t}\n\t\t\t:root{\n\t\t\t--plyr-color-main:#2e9c8e;\n\t\t\t--plyr-audio-controls-background:#f0f2f4;\n\t\t\t--plyr-audio-control-color:#546a7b;\n\t\t\t}\n\t\t\t[data-plyr=\"mute\"]{color:#2e9c8e !important}\n\t\t\t.aivoov-text-color{color:#546a7b}\n\t\t<\/style> \n\t\t<div class=\"audio_player\">\n\t\t<audio class=\"js-player\" controls=\"\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/9ff0bfd4-590b-43f7-9d80-1c31a2f94757.mp3\" type=\"audio\/mp3\">\n\t\t\t<source src=\"https:\/\/monky-voice-over.s3.amazonaws.com\/aivoov\/781640cc-7bc1-4bbf-9492-22dedc19678b\/9ff0bfd4-590b-43f7-9d80-1c31a2f94757.mp3\" type=\"audio\/ogg\" \/>\n\t\t<\/audio> \n\t\t\t\t <div class=\"powerd_by aivoov-text-color\"><p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/aivoov.com\/?um_source=plugin_powered_by\" style=\"color: inherit;\">Powered by AiVOOV<\/a><\/p><\/div>\n\t\t \n\t\t<\/div>\n\t\t<\/div>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5de8d44c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5de8d44c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-455042f3\" data-id=\"455042f3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5970f871 elementor-widget elementor-widget-heading\" data-id=\"5970f871\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a business line of credit?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2739030a elementor-widget elementor-widget-spacer\" data-id=\"2739030a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bada4e8 elementor-widget elementor-widget-text-editor\" data-id=\"2bada4e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">A business line of credit is a form of financing that gives you access to a set amount of credit. With a revolving line of credit, you can use the full amount of credit repeatedly as long as you periodically bring your balance back to zero. A non-revolving line of credit, on the other hand, gives you credit for a one-time use. Once you use all the available credit, the line is closed.\u00a0<\/span><\/p><p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Like a credit card, with a line of credit you only pay interest on the money you actually borrow. The interest rate can be fixed, meaning it stays the same for the length of your credit term, or variable, which means the rate changes with the market. Terms for revolving lines of credit can range from one year to 10 or more years, depending on the lender.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78d503c6 elementor-widget elementor-widget-spacer\" data-id=\"78d503c6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66d193d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"66d193d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-675e56df elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"675e56df\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-115ab3c2\" data-id=\"115ab3c2\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t<div class=\"elementor-element elementor-element-98f7344 e-flex e-con-boxed e-con e-parent\" data-id=\"98f7344\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b43c507 elementor-widget elementor-widget-heading\" data-id=\"b43c507\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What can you use a line of credit for?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a27f0f elementor-widget elementor-widget-text-editor\" data-id=\"8a27f0f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You can use a line of credit for a number of business financing needs, including:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">short-term investments<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">regular operational expenses<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">maintenance costs<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">seasonal costs<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">inventory\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">equipment<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">supplies\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/emergency-business-loans\/\"><span style=\"font-weight: 400;\">emergency expenses<\/span><\/a><\/li><\/ul><p><span style=\"font-weight: 400;\">A business line of credit is particularly helpful during <a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/cash-flow-loans\/\">temporary cash flow<\/a> crunches, like when you\u2019re waiting on client payments to come through but need to make payroll by the end of the week. You can also use a business line of credit when you want to take advantage of an exciting business opportunity or make a one-time investment without tying up your cash flow.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b99437b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b99437b\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3044ba4e\" data-id=\"3044ba4e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6cede212 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6cede212\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-63452251\" data-id=\"63452251\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3545ae73 elementor-widget elementor-widget-heading\" data-id=\"3545ae73\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pros and cons of a line of credit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-4de7206 elementor-widget elementor-widget-text-editor\" data-id=\"4de7206\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As with any type of business financing, there are advantages and disadvantages of taking out a line of credit.\u00a0<\/span><\/p><h3><span style=\"font-weight: 400;\"><strong>Pros<\/strong>\u00a0<\/span><\/h3><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can use a line of credit for a wide variety of purposes, from ordering inventory to paying monthly utility bills.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A line of credit gives you more options for covering your business costs, so cash flow is never too tight.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Having a line of credit can give you peace of mind when the economy is uncertain.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You only pay for what you borrow, not what your credit limit is set to. If you have a higher limit and only need a little money, this means you accrue less interest.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A line of credit gives you a chance to build up your business credit. Making payments on time and keeping your credit utilization ratio at 30% or below can improve your business credit score over time, opening you up to more financing opportunities and better terms in the future.\u00a0<\/span><\/li><\/ul><h3><span style=\"font-weight: 400;\"><strong>Cons<\/strong>\u00a0<\/span><\/h3><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A line of credit with a variable interest rate can make it harder to budget for your payments and plan ahead.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest rates can be high, depending on the lender. Average rates are between 8% and 80%.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Some lines of credit come with extra fees, like late payment fees, monthly maintenance fees and draw fees, which can increase the total cost of your credit. <\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-168d3394 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"168d3394\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-a9101f0 e-flex e-con-boxed e-con e-parent\" data-id=\"a9101f0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c6c4213 elementor-widget elementor-widget-heading\" data-id=\"c6c4213\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SBA line of credit: CAPLine program<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcc2033 elementor-widget elementor-widget-text-editor\" data-id=\"fcc2033\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">An SBA line of credit is a short-term financing solution that gives businesses flexible funds on an as-needed basis. As with other <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/\"><span style=\"font-weight: 400;\">SBA loans<\/span><\/a><span style=\"font-weight: 400;\">, SBA lines of credit generally have favorable terms, including lower interest rates and higher credit limits. However, qualifying for an SBA line of credit can be tough.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The SBA\u2019s lines of credit fall under the category of SBA 7(a) loans in a program called CAPLine. There are four types of CAPLines, each designed to help small businesses meet their short-term and cyclical <\/span><a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/working-capital-loans\/\"><span style=\"font-weight: 400;\">working capital needs<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><h3><strong>Seasonal CAPLine<\/strong><\/h3><p><span style=\"font-weight: 400;\">A Seasonal CAPLine helps seasonal businesses cover the increased costs of accounts receivable, inventory and extra labor during their peak periods. The Seasonal CAPLine can be revolving or non-revolving. You can qualify for up to $5 million, but the credit amount you receive is based on your business\u2019s cash flow projections and particular buildup of seasonal expenses.<\/span><\/p><p><span style=\"font-weight: 400;\">Let\u2019s say, for example, that you run a winter sports shop; you could use a Seasonal CAPLine to hire extra workers so you can extend your operation hours. Keep in mind, though: you can\u2019t use a Seasonal CAPLine to bridge cash flow gaps during your slower season\u2014you can only use it for costs associated with your high season.\u00a0<\/span><\/p><h3><strong>Contract CAPLine<\/strong><\/h3><p><span style=\"font-weight: 400;\">A Contract CAPLine, which can be revolving or non-revolving, covers the direct labor and materials costs associated with contract work. You can get up to $5 million to finance the cost of one or more contracts, sub-contracts or <a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/purchase-order-financing\/\">purchase orders<\/a>, including overhead costs or general and administrative expenses.<\/span><\/p><p><span style=\"font-weight: 400;\">Imagine, for example, that you run an interior design business and scored a major contract designing and decorating a hotel lobby. You could use a Contract CAPLine to purchase supplies and furniture upfront, as well as hire professional painters and light installation technicians.\u00a0<\/span><\/p><h3><strong>Builders CAPLine<\/strong><\/h3><p><span style=\"font-weight: 400;\">The Builders CAPLine is a revolving or non-revolving credit line for <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-self-employed\/\">general contractors<\/a> and builders who construct or renovate commercial or residential buildings. The Builders CAPLine gives eligible businesses up to $5 million to cover the cost of labor, supplies, materials, equipment rental, building permits and inspection fees, utility connections, construction of septic tanks and landscaping for specific projects. You can also use the line of credit to cover the cost of land\u2014as long as it doesn\u2019t exceed 20% of the total project cost.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If you own a <a href=\"https:\/\/swoopfunding.com\/us\/sectors\/construction-loans-and-finance\/\">construction business<\/a> and landed a project renovating a neighborhood community center, for example, you could use the Builders CAPLine to hire workers, order materials and rent a mini excavator.\u00a0<\/span><\/p><h3><strong>Working CAPLine<\/strong><\/h3><p><span style=\"font-weight: 400;\">The Working CAPLine is a revolving line of credit for businesses that need extra working capital. You can get up to $5 million to use toward a wide range of financing needs, from ordering inventory and paying invoices to hiring employees or covering emergency costs. The Working CAPLine is especially helpful for businesses that extend credit to other operations.\u00a0<\/span><\/p><h3><strong>SBA Express Loan<\/strong><\/h3><p><span style=\"font-weight: 400;\">The SBA Express Loan isn\u2019t part of the CAPLine program, but it\u2019s another SBA line of credit option. If you\u2019re eligible for the Express Loan, you can get a revolving line of credit of up to $500,000 for a maximum period of 10 years. The appeal of the Express is that it\u2019s a faster process; the SBA will respond to your application within 36 hours.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c4752c elementor-align-center elementor-widget elementor-widget-button\" data-id=\"9c4752c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4d2e9ab e-flex e-con-boxed e-con e-parent\" data-id=\"4d2e9ab\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-80ebd48 elementor-widget elementor-widget-heading\" data-id=\"80ebd48\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Rates and terms for an SBA line of credit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3d4c25 elementor-widget elementor-widget-text-editor\" data-id=\"e3d4c25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">With all four CAPLines, you can get up to $5 million to use for your business\u2019s financing needs. The credit term for Seasonal, Contract and Working CAPLines is 10 years; the credit term for the Builders CAPLine is five years.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Similar to other SBA loans, if you own at least 20% of your business, you\u2019re required to sign a personal guarantee on the CAPLine. This means your personal assets (like your car or home) are on the line if your business defaults on the CAPLine and can\u2019t pay it off.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-rates\/\"><span style=\"font-weight: 400;\">interest rates for SBA CAPLines<\/span><\/a><span style=\"font-weight: 400;\"> are the same as SBA 7(a) loans. The rates vary depending on the size of the credit line:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>For lines of credit of $25,000 or less: <\/b><span style=\"font-weight: 400;\">The interest rate is the base rate plus 4.25% if the term is under seven years, and base rate plus 4.75% if the term is more than seven years.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>For lines of credit between $25,000 and $50,000: <\/b><span style=\"font-weight: 400;\">The interest rate is the base rate plus 3.25% if the term is under seven years, and base rate plus 3.75% if the term is more than seven years.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>For lines of credit above $50,000: <\/b><span style=\"font-weight: 400;\">The interest rate is the base rate plus 2.25% if the term is under seven years, and base rate plus 2.75% if the term is more than seven years.\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">CAPLine lenders also charge a fee on the part of the loan that\u2019s guaranteed by the SBA. Here are the fees:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>For lines of credit of $150,000 or less: <\/b><span style=\"font-weight: 400;\">2%<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>For lines of credit of $150,001 and $750,000: <\/b><span style=\"font-weight: 400;\">3%<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>For lines of credit greater than $750,000: <\/b><span style=\"font-weight: 400;\">3.5% for up to $1 million, plus an additional 3.75% of the guaranteed amount above $1 million.\u00a0<\/span><\/li><\/ul><p>To work out the monthly repayments of your loan, use our <a href=\"https:\/\/swoopfunding.com\/us\/sba-loan-calculator\/\">SBA loan calculator<\/a> here.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d84f21 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6d84f21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7a0c40c e-flex e-con-boxed e-con e-parent\" data-id=\"7a0c40c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8e12081 elementor-widget elementor-widget-heading\" data-id=\"8e12081\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Qualifications for an SBA line of credit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b20c8a8 elementor-widget elementor-widget-text-editor\" data-id=\"b20c8a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The eligibility requirements for SBA CAPLines are similar to other <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-loans\/\"><span style=\"font-weight: 400;\">standard SBA 7(a) loans<\/span><\/a><span style=\"font-weight: 400;\">. In addition to having a credit score that\u2019s at least in the mid-high 600s, to qualify for an SBA line of credit your business must also:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">fit within the SBA\u2019s <\/span><a href=\"https:\/\/www.sba.gov\/document\/support-table-size-standards\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">small business size standards<\/span><\/a><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">be a for-profit business<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">operate in the US<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">be in good standing with government loans<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">demonstrate that you\u2019ve used alternative financial resources, including your personal assets, before seeking financing.\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Each CAPLine also has specific criteria you have to meet.<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Seasonal CAPLine: <\/b><span style=\"font-weight: 400;\">You must have been in operation for at least one calendar year, and be able to prove a pattern of seasonality (ie. regular revenue fluctuation) in your business.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Contract CAPLine: <\/b><span style=\"font-weight: 400;\">You have to demonstrate that you can operate profitably based on past contracts, prove that you can perform the work the contract is asking for and be able to complete the contract on time and at a profit.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Builders CAPLine:<\/b><span style=\"font-weight: 400;\"> You must be a construction or builder contractor, perform the construction\/renovation work with at least one supervisory employee on the site at all times and be able to demonstrate prior success with bidding for and completing a construction or renovation project.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Working CAPLine: <\/b><span>You must either generate accounts receivable or have inventory.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c07f43f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"c07f43f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e86e727 e-flex e-con-boxed e-con e-parent\" data-id=\"e86e727\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f43caa6 elementor-widget elementor-widget-heading\" data-id=\"f43caa6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do I find the right SBA line of credit for my business?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a99046 elementor-widget elementor-widget-text-editor\" data-id=\"2a99046\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Consider these three factors:\u00a0<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Your industry and business model: <\/b><span style=\"font-weight: 400;\">Unless you\u2019re a seasonal business, do contract work or work in construction and renovation, your best bet is probably the Working CAPLine, since it covers general short-term working capital needs.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Your financing needs: <\/b><span style=\"font-weight: 400;\">Make a list of the various expenses you need help with, and total up the cost.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Your business goals: <\/b><span style=\"font-weight: 400;\">Reflect on your immediate and long-term business goals, then consider which line of credit would help support those goals.\u00a0<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d0f49c4 e-flex e-con-boxed e-con e-parent\" data-id=\"d0f49c4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bae1dd8 elementor-widget elementor-widget-heading\" data-id=\"bae1dd8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to apply for an SBA line of credit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-689c9c0 elementor-widget elementor-widget-text-editor\" data-id=\"689c9c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Take the following steps to apply for an SBA CAPLine:<\/span><\/p><ol><li><b>Gather your financial documents:<\/b><span style=\"font-weight: 400;\"> That includes your profit and loss statements for the last three years, your year-end balance sheets for the last three years, tax returns for the past three years, month-to-month cash flow projections for a one-year period, your business certificate and license and records of your loan application history. You can see the <\/span><a href=\"https:\/\/www.sba.gov\/sites\/default\/files\/2021-01\/7a_Loan_Application_Checklist.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">full application checklist for SBA 7(a) loans here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li><li><b>Make sure you can provide collateral and\/or a personal guarantee:<\/b><span style=\"font-weight: 400;\"> For lines of credit over $350,000, the SBA requires collateral. If you own 20% or more of your business, you also have to sign a personal guarantee on your credit line. Review your assets to see what you\u2019re able to put down if needed.\u00a0\u00a0<\/span><\/li><li><b>Contact a local lender in your area and follow their application instructions: <\/b><a href=\"https:\/\/www.sba.gov\/partners\/lenders\/microloan-program\/list-lenders\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Search for an intermediary lender in your area here<\/span><\/a><span style=\"font-weight: 400;\">, or register with Swoop to get matched with the right lender for you.<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-40bacf1 e-flex e-con-boxed e-con e-parent\" data-id=\"40bacf1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9c0846f elementor-widget elementor-widget-heading\" data-id=\"9c0846f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Alternatives to SBA lines of credit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8c5844 elementor-widget elementor-widget-text-editor\" data-id=\"f8c5844\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you don\u2019t want to apply for an SBA line of credit, consider these <\/span><a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/\"><span style=\"font-weight: 400;\">flexible financing alternatives<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>SBA term loan: <\/b><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-vs-504-loans\/\"><span style=\"font-weight: 400;\">standard 7(a) loan<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-504-loans\/\"><span style=\"font-weight: 400;\">SBA 504 loan<\/span><\/a><span style=\"font-weight: 400;\"> are both good choices if you need a large amount of upfront money to cover business expenses and can afford to wait a couple of months to hear back. If, however, you need funds as soon as possible, consider the SBA Express Loan.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Business credit card: <\/b><span style=\"font-weight: 400;\">A business credit card is a great way to pay for recurring operating expenses and cover specific purchases, like inventory and supplies. However, depending on the card provider you choose, you could end up paying extra fees\u2014and incurring a lot of interest if you only make the minimum payment each month.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Invoice factoring: <\/b><span style=\"font-weight: 400;\">If you find yourself regularly waiting on client payments to come through, invoice factoring can give you temporary cash flow freedom. With <\/span><a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/invoice-factoring\/\"><span style=\"font-weight: 400;\">invoice factoring<\/span><\/a><span style=\"font-weight: 400;\">, you sell your outstanding invoices to a factoring company in exchange for a lump sum upfront\u2014usually around 80% of the outstanding invoice amount. The downside is that interest can be steep.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Line of credit from an online lender: <\/b><span style=\"font-weight: 400;\">Many online lenders offer business lines of credit with flexible uses and fast turnaround times. The interest rates and terms will vary by lender, so make sure you do your research beforehand.\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9ab6068 e-flex e-con-boxed e-con e-parent\" data-id=\"9ab6068\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1785997 elementor-widget elementor-widget-heading\" data-id=\"1785997\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Get one step closer to flexible financing with Swoop<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffc1eee elementor-widget elementor-widget-text-editor\" data-id=\"ffc1eee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you need short-term funding, Swoop can help you weigh your options and make the decision that\u2019s right for you. Just take a few minutes to register your operation, and you\u2019ll get personalized financing support and access to helpful financing comparisons. <\/span><a href=\"https:\/\/us.swoopfunding.ca\/stage\/?aHR0cF9yZWZlcmVyPWh0dHBzJTNBJTJGJTJGd3d3Lmdvb2dsZS5jb20lMkYmbGFzdF9wYWdlX3Zpc2l0ZWQ9aHR0cHMlM0ElMkYlMkZzd29vcGZ1bmRpbmcuY29tJTJGdXMlMkY=\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Join Swoop today<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-37f8a75 e-flex e-con-boxed e-con e-parent\" data-id=\"37f8a75\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-16736d9 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"16736d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\" aria-label=\"Paige Smith\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"right-info\">\n <div class=\"inner-top\">\n <div class=\"info-top\">\n <div class=\"info-title\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\">Paige Smith<\/a><\/h3>\n <\/div>\n <\/div>\n \n \n <\/div>\n <div class=\"info-bottom\">\n <p>Paige Smith is a content marketing writer specializing in the intersection of business, finance, and tech. Paige regularly features on a number of B2B finance and fintech websites including Fundera, Funding Circle, Fundbox and Nav, amongst others.<\/p>\n <\/div>\n\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/paige-smith-28063849\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Linkedin\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n \n <li><a href=\"https:\/\/www.paigeashleysmith.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Website\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-site-min.svg\" width=\"30\" height=\"30\" alt=\"Website\">\n <\/a><\/li>\n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/us\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n \n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-16003d0 e-flex e-con-boxed e-con e-parent\" data-id=\"16003d0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-92c16ce elementor-widget elementor-widget-heading\" data-id=\"92c16ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQs about SBA lines of credit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d89748b uael-faq-box-layout-yes align-at-left elementor-widget elementor-widget-uael-faq\" data-id=\"d89748b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<div id='uael-faq-wrapper-227' class=\"uael-faq-wrapper\">\n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-19ab127\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-19ab127 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1-69e7f89b69b54\">What is the CAPLine of credit for SBA?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">The SBA CAPLine program gives small businesses access to revolving or non-revolving lines of credit for short-term or working capital business finance needs.\u00a0<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-10230ba\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-10230ba uael-question-span\" tabindex=\"0\" id=\"uael-faq-2-69e7f89b69bba\">Is SBA 7(a) a line of credit?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">No, the standard SBA 7(a) loan is a business term loan, which means you get a set amount of money upfront, then make repayments plus interest over time. However, the CAPLine program technically falls under the larger umbrella of 7(a) loans.\u00a0<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-5feadea\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-5feadea uael-question-span\" tabindex=\"0\" id=\"uael-faq-3-69e7f89b69bf9\">What is the easiest SBA loan to get?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">The easiest SBA loan to get depends on your business\u2019s experience, financing needs and application. Make sure you check the eligibility requirements for the different SBA loans, and look into alternative financing resources if you don\u2019t qualify.\u00a0<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-0785403\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-0785403 uael-question-span\" tabindex=\"0\" id=\"uael-faq-4-69e7f89b69c32\">How much can you borrow with the SBA?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">With an SBA CAPLine, you can borrow up to $5 million. The same is true of an SBA 7(a) loan. For other SBA loan types, the amounts vary.\u00a0<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ff1e904 e-flex e-con-boxed e-con e-parent\" data-id=\"ff1e904\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9898ca8 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"9898ca8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">Related pages<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/can-you-have-multiple-sba-loans\/\">Can you have multiple SBA loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-much-is-an-sba-loan-down-payment\/\">How much is an SBA loan down payment? <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-fill-out-sba-form-1919\/\">How to fill out SBA Form 1919 <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-fill-out-sba-form-413\/\">How to fill out SBA Form 413 <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-fill-out-an-sba-loan-forgiveness-application\/\">How to fill out an SBA loan forgiveness application <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-get-an-sba-loan\/\">How to get an SBA loan <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/ppp-sba-loans\/\">PPP SBA loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-504-loans\/\">SBA 504 loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-loans\/\">SBA 7(a) loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-vs-504-loans\/\">SBA 7(a) vs 504 loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-8a-program\/\">SBA 8(a) program <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/\">SBA Loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-patriot-express-loans\/\">SBA Patriot Express loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-business-acquisition-loans\/\">SBA business acquisition loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-community-advantage-loans\/\">SBA community advantage loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-equity-injection\/\">SBA equity injection <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-franchise-loans\/\">SBA franchise loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-hazard-insurance\/\">SBA hazard insurance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-line-of-credit\/\">SBA line of credit <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-application-process\/\">SBA loan application process <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-approval-rate\/\">SBA loan approval rate <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-approval-timeline\/\">SBA loan approval timeline <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-credit-score\/\">SBA loan credit score \u2013 what is required? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-forgiveness-for-self-employed-workers\/\">SBA loan forgiveness for self-employed workers <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-guarantees-explained\/\">SBA loan guarantees explained <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-lenders\/\">SBA loan lenders <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-rates\/\">SBA loan rates <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-veterans\/veterans-rates\/\">SBA loan rates for veterans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-requirements\/\">SBA loan requirements <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-llcs\/\">SBA loans for LLCs <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-minorities\/\">SBA loans for minorities <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-rental-properties\/\">SBA loans for rental properties <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-self-employed\/\">SBA loans for self-employed <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-veterans\/\">SBA loans for veterans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-women\/\">SBA loans for women <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-vs-conventional-loans\/\">SBA loans vs conventional loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-microloans\/\">SBA microloans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-real-estate-loans\/\">SBA real estate loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-startup-loans\/\">SBA startup loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-working-capital-loans\/\">SBA working capital loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-working-capital-loans\/pilot-program\/\">SBA working capital pilot program <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/what-happens-if-you-cant-pay-your-sba-loan\/\">What happens if you can&#8217;t pay your SBA loan? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/what-is-the-average-sba-loan-size\/\">What is the average SBA loan size? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-disaster-loan-denied\/\">Why has my SBA disaster loan been denied? <\/a>\n <\/li>\n <\/ul>\n <div class=\"container_bt\">\n <button class=\"bt_see_more\" href=\"javascript:void(0);\" aria-label=\"See more\">See more<\/button>\n <\/div>\n <div id=\"grey-out\"><\/div>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-446eac32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"446eac32\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-747832c4\" data-id=\"747832c4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a50aafd elementor-widget elementor-widget-spacer\" data-id=\"6a50aafd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-266c5098 elementor-widget elementor-widget-heading\" data-id=\"266c5098\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Testimonials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af66787 elementor-widget elementor-widget-ucaddon_testimonials\" data-id=\"af66787\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_testimonials.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<style type=\"text\/css\">\/* widget:Testimonials *\/\n\n.testimony{\n margin:0;\n}\n.testimony .owl-theme .owl-dots .owl-dot.active span{\n background:;\n}\n\n.testimony .owl-theme .owl-dots .owl-dot:hover span{\n background:;\n}\n\n.testimony{\n\t content-visibility:auto;\n\t contain-intrinsic-size:445px;\n}\n .testimony .inner-testimony .read-mores{\n\t margin-left:15px;\n}\n .testimony .inner-testimony .icon{\n\t color:#eee;\n}\n .testimony .inner-testimony .icon-quotation-left{\n\t position:relative;\n\t top:-28px;\n\t left:0;\n}\n .testimony .inner-testimony .icon-quotation-right{\n\t position:relative;\n\t bottom:-28px;\n\t right:-8px;\n}\n .testimony .inner-testimony p{\n\t margin:0;\n\t color:#003e52;\n}\n .testimony .inner-testimony .testimony_description{\n\t padding:40px 0;\n}\n .testimony .inner-testimony .desc_testimony{\n\t font-size:24px;\n}\n .testimony .inner-testimony .author_testimony{\n\t font-size:18px;\n\t margin-top:20px;\n}\n .testimony .inner-testimony .role_testimony{\n\t font-size:18px;\n}\n .testimony .owl-theme .owl-nav .owl-prev{\n\t position:absolute;\n\t left:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n .testimony .owl-theme .owl-nav .owl-next{\n\t position:absolute;\n\t right:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n @media (max-width:992px){\n\t .testimony .inner-testimony{\n\t\t padding:40px 40px;\n\t}\n\t .testimony .inner-testimony .testimony_description{\n\t\t padding:0;\n\t}\n}\n @media (max-width:768px){\n\t .testimony{\n\t\t margin:50px 0 40px 0;\n\t}\n\t .testimony .inner-testimony .desc_testimony{\n\t\t font-size:19px;\n\t}\n\t .testimony .owl-dots{\n\t\t margin-top:30px !important;\n\t}\n\t .testimony .inner-testimony{\n\t\t padding:40px 0;\n\t}\n}\n\n<\/style>\n\n\t\t\t<div class=\"container\">\n <div class=\"testimony\">\n <div class=\"row justify-content-center\">\n <div class=\"col-xl-8 col-lg-10\">\n <div class=\"inner-testimony text-center\">\n <div id=\"owl-testimony\" class=\"owl-carousel owl-theme\">\n <div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Daire made it happen! There is no doubt that Swoop sped up the process and found lenders that worked to our time scale rather than the other way round<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Hocque Figureoa<\/p>\n <p class=\"role_testimony\">Joint owner, F45 Virginia<\/p>\n <\/div>\n<\/div>\n<div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Swoop was actually very helpful in helping us get our initial fundraising in place. Swoop was able to connect us with investors, with grant financing options and debt financing options.<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Viler Lika<\/p>\n <p class=\"role_testimony\">Founder, SingleKey<\/p>\n <\/div>\n<\/div>\n<div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Pedja was amazing. Super supportive, understanding of our needs and wasn't pushy at all. We've been going back and forth with Swoop for over a year inquiring about different financing options and they were patient until we were ready!<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Chris Skeates<\/p>\n <p class=\"role_testimony\">F45 Multi-studio owner<\/p>\n <\/div>\n<\/div>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-fee1f51 e-con-full cta-mobile-fixed elementor-hidden-desktop elementor-hidden-laptop elementor-hidden-tablet e-flex e-con e-parent\" data-id=\"fee1f51\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;position&quot;:&quot;fixed&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b901dd6 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"b901dd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">GET STARTED<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"author":76,"featured_media":0,"parent":0,"template":"elementor_header_footer","sba-loans-sectors":[337],"class_list":["post-20556","sba-loans","type-sba-loans","status-publish","hentry","sba-loans-sectors-sba-loans"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_blog_full":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>SBA line of credit\u200b What is your cash goal? How much funding do you require? attach_money What is your annual revenue? attach_money How old is your business? How old is your business? 0-6 months 6-12 months 1-2 years 2-5 years 5+ years Full name Email Contact number Send me updates on products, news and information on selected partners. By submitting this form, you consent to receive application\u2011related messages from Swoop Funding via SMS or WhatsApp at the number provided. Consent is not a condition of purchase. Message &#038; data rates may apply. Message frequency varies. Unsubscribe by replying STOP. Reply&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Paige Smith","url":"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/20556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans"}],"about":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/types\/sba-loans"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/users\/76"}],"version-history":[{"count":34,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/20556\/revisions"}],"predecessor-version":[{"id":37379,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/20556\/revisions\/37379"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/media?parent=20556"}],"wp:term":[{"taxonomy":"sba-loans-sectors","embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans-sectors?post=20556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}