Business Loans from SFS
SFS helps companies that can’t get timely, adequate financing from traditional sources.
Borrowers from many different industries choose SFS for their business loans to quickly get the financing they need to handle their specific objectives—from buying equipment to financing big projects and more.
Qualifying for a business loan from SFS requires loan collateral. We’ll accept almost any asset with a serial number or VIN—such as vehicles, heavy equipment, or large machinery—as well as residential or commercial real estate. Additional collateral can also be used as an alternative to a cash down payment.
The terms of each loan depend on the borrower, but most loans close between 5 to 10 business days, or even as quickly as 24 to 48 hours after all required materials are received.
Contact us today for information on current interest rates.
Some popular loans SFS can provide include:
Businesses that require equipment can use a loan from SFS to purchase new or used equipment outright or convert a rental or lease agreement to financing. This equipment can be anything from heavy machinery to manufacturing equipment.
Commercial Vehicle Loans
Whether your business needs a simple light-duty truck or an over-the-road semi, SFS can finance it. Commercial vehicle loans can apply to new vehicles, used vehicles, or even vehicle upgrades.
Working Capital Loans
There are many reasons why a business might need more capital. SFS can help companies leverage their available assets to access the capital they need to make their next business move or pivot to new objectives.
Every business’s needs are different. Contact us today and we’ll work with you to create a customized loan to meet your specific requirements.
Frequently Asked Questions:
Q: What are your interest rates?
A: Your interest rate will be determined by your time in business, the size of the loan, and your personal credit score.
Q: What documentation is required for underwriting?
A: Business ownership verification, business financial verification, personal financial verification including credit report, collateral information, and proof of insurance. Each potential client is unique, but this is the standard required documentation.
Q: How long will the process take?
A: SFS has a standard of completing the closing process five business days from the time all the requested documentation has been received and reviewed for accuracy.
Q: Do you offer loans to businesses that have been operating for less than a year?
Q: What can be used as collateral?
A: Anything with a VIN or Serial Number. We prefer for that item to be valued at greater than $10,000. Real estate property can also be considered. We’ve accepted bulldozers, over-the-road trucks, printing presses, dump trucks, CNC machines, hay balers, tanker trailers, and more.
Q: Which industries do you serve?
A: SFS serves clients in a variety of industries, including construction, mining, manufacturing, oil and gas, farming and ranching, transportation, and more.