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SBG Funding Review

SBG Funding
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Katy Ward
Feb. 20, 2024
4 min read
Katy Ward
SBG Funding Summary
SBG Funding has an impressive selection of business loans. It’s a good option to consider if you’re an entrepreneur looking to access funds quickly as it offers decisions in under 24 hours and same-day funding. With a straightforward application process, the company uses simple, jargon-free language on its website and has an excellent rating on Trustpilot.


  • Same-day funding available
  • Decisions in under 24 hours
  • Highly rated on Trustpilot


  • Relatively high annual revenue requirements
  • Requires a minimum of six months in business

SBG Funding at a glance

Editorial score

Online experience

Jargon-free website and intuitive user experience, straightforward online applications

Customer services and support

Phone and email; support hours 8 a.m. to 7 p.m. ET

Variety of loan types

Offers most funding types

Loan amount range

Up to $10 million


Doesn't cover bad credit or low revenue businesses

SBG Funding SBG Funding Visit Site


Founded in 2017 and headquartered in New York, SBG Funding offers a wide selection of business loan types, including short-term loans, lines of credit, and bridge loans. The company also provides specialized financing options for buying equipment or borrowing against unpaid invoices. With up to 85% approval rates, SBG Funding offers financing to businesses in all major sectors. 

Several of its products — including small business term loans and business lines of credit — offer biweekly or monthly payment options and waive early prepayment penalties. 

Why SBG Funding Is Good For Your Business

With loan amounts of up to $10 million, SBG Funding could be particularly attractive if you need a relatively large sum to finance your business.

The company could also be a good choice if you have a less-than-perfect financial history. Unlike some lenders, SBG Funding accepts applications from people with fair credit scores. In some cases, a FICO score of 600 may be acceptable for a loan.

Credit score requirements differ across the company’s loan types, so you should check the criteria before applying.

Loan Types

SBG Funding offers seven loan types. 

Small business term loans

With less strict acceptance criteria than most major banks, these loans can cover expenses such as expanding to new locations or creating marketing materials.

Business lines of credit

Offering a revolving line of credit, these loans are designed to provide you with access to funds as and when you need them. 

Bridge loans

Designed to help with immediate cash flow needs, these short-term products are intended to cover emergency and unforeseen costs.

Equipment financing

With these loans, SBG Funding covers the upfront cost of replacing or repairing any equipment essential to your business. Rather than repaying the retailer or manufacturer of the goods, you’ll repay SBG Funding directly.

Invoice financing

With these loans, you can borrow against any unpaid invoices owed to your business. 

SBA 7(a)

Partially backed by the U.S. government’s Small Business Administration (SBA), these loans offer more favorable terms than conventional lenders.

Application Process

You can apply for a loan online or by downloading a paper application from the company’s website.

As part of the process, you’ll need to enter details such as:

  • Your name
  • Your personal credit score
  • Your business name
  • Your industry type
  • Your business start date
  • Your average monthly payroll
  • Details of any outstanding loans
  • Details of any previous bankruptcies

You’ll then need to e-sign your application and upload your additional documentation, which includes:

  • Four most recent bank statements
  • Driver’s license
  • Voided check

In most cases, the application process takes less than five minutes. If you apply during business hours, you can expect to receive a response within 12 hours. The lender typically processes applications made outside of business hours the following day.

Although submitting an application won’t affect your credit score, the company will run a hard search on your credit file if you decide to go ahead with the loan.

The application requirements for the lender’s products differ, so you should check that you meet the criteria before you apply.

How Much Can You Borrow?

The amount you can borrow will depend on the loan type you choose.

  • Small business term loan: Up to $10 million
  • Business line of credit: Up to $750,000
  • Bridge capital loan: Up to $1 million
  • Equipment financing: Up to 100% of the equipment’s value
  • Invoice financing: Up to 90% of the amount owed on the invoice(s)
  • SBA (7)a: Up to $10 million

Most loan types require six months to two years in business, $250,000 to $350,000 in annual income, four recent business bank statements, and a credit score of 600 or higher.

Repayment Terms

The terms of your loan depend on your chosen product. We’ve outlined some of the key characteristics in the table below.

Loan TypeLoantermAPR
Small business term loanSix months to seven yearsFrom 1.75%
Business line of creditSix to 24 monthsFrom 1%
Bridge capital loanSix to 24 monthsFrom 1.92%
Equipment financingOne to seven yearsFrom 3.75%
Invoice financingN/ARates from 0.25%
SBA (7)aTwo to 10 yearsFrom Prime rate, plus 2.5%

Privacy and Security

The company’s website uses Secure Sockets Layer protection (SSL), which establishes a stable connection between your device and its servers. This measure can help protect any personal information you enter during your application.

At the time of writing, SBG Funding had an excellent rating on Trustpilot, with 98% of reviews scoring the company a maximum of five stars. Many positive reviewers praised the support they received from loan managers, while others were impressed by the straightforward application process.

In contrast, negative reviewers often focused on poor communication and an inability to refinance their loans.

SBG Funding is also accredited by the Better Business Bureau, which gives the company an A+ rating.

Help and Support

You can contact SBG Funding by phone at 844-284-2725 or via email at info@sbgfunding.com. Support hours are 8 a.m. to 7 p.m. ET, Monday through Friday. When we emailed the company over the weekend, we received a detailed response from one of its agents the following Monday. 

Further support resources include the company’s nifty online calculator. This tool estimates the amount you could borrow based on your time in business and annual sales revenue.

Physical Address

240 W 40th Street, New York, NY 10018


With loan amounts of up to $10 million and lower credit score requirements than some lenders, SBG Funding could offer a fast and flexible way to borrow. Along with small business term loans and business lines of credit, the company offers financing options on equipment and unpaid invoices. 

The company has excellent scores on Trustpilot and is accredited by the Better Business Bureau. However, its minimum revenue requirements could mean SBG Funding isn’t suitable for very small businesses. 


This review was compiled by visiting SBG Funding’s website, using its online quote tool, reading customer feedback online, and contacting the company over email.

Katy Ward
Written by
Katy Ward
Oxford graduate Katy Ward is a seasoned journalist and editor covering personal finance for Eleven Writing and Top10. Over a 15-year career, Katy has worked with several finance titans, including Barclays, Tandem Bank, and Yahoo! Finance. She enjoys identifying complex financial trends that make for interesting article topics.
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