Lines of Credit
SANDBAR FUND offers a diverse range of lines of credit designed to meet the varying needs of small businesses. These include:
- 36-Month Unsecured Line of Credit: Offers up to 75% of annual revenue (max $1.5M) with a 12-month revolving period and a 36-month amortization period, interest rates range from 12-25% APR.
- Revolving Line of Credit: Provides flexibility with a payback period of 6-120 months and monthly rates ranging from 0.55% to 4.5%.
- Interest-Only Business Line of Credit: Loan amounts range from $25K to $150K, funding within 10-20 business days, with monthly interest-only payments and interest rates at Prime + 2-10%.
These lines of credit are ideal for managing cash flow and addressing short-term financial needs.
SBA Financing
SANDBAR FUND provides access to a variety of Small Business Administration (SBA) loans, catering to different business requirements. These include SBA 7(a) and 504 loans, which require collateral, as well as streamlined, unsecured SBA options.
| Product | Term (years) | Max Amount | Rate |
|---|---|---|---|
| SBA 7a (collateralized loan) | 10 | $5,000,000.00 | Prime + 2-3% |
| SBA 504 (collateralized loan) | 10-15 | $15,000,000.00 | Prime + 2-5% |
| Streamlined, Unsecured Loan | 10 | $150,000.00 | Prime + 2-5% |
| Unsecured SBA 7a Small Loan | 10 | $500,000.00 | Prime + 2-5% |
| SBA Small Loan | 10 | $50,000.00 | Prime + 2-5% |
Funding times range from 10-60 days depending on the loan type. These loans can be used for working capital, business expansion, real estate, and equipment purchases. Closing costs are typically 2-5% of the loan amount.
Asset-Backed Loans
SANDBAR FUND's asset-backed loans are secured by accounts receivable, inventory, equipment, or real estate. The loan amount is based on 50-125% Loan-to-Value (LTV).
These loans offer larger funding amounts and lower interest rates compared to unsecured loans, with repayment structured around cash flow. Closing times range from 1-8 weeks. They're useful for improved cash flow management, especially for businesses with significant assets.
Larger funding amounts and lower interest rates than unsecured loans.
Equipment Financing
SANDBAR FUND provides equipment financing solutions with a payback period of 36-84 months and interest rates ranging from 8-20% APR. The financing is collateralized by heavy equipment or commercial vehicles (with Serial/VIN). A credit score of 600+ is preferred, but not required. Closing times typically take 3-4 weeks.
Unsecured Financing
SANDBAR FUND offers several unsecured financing options, including:
- Unsecured Working Capital: Payback periods up to 24 months, factor rates as low as 1.04, with no minimum credit score required and closing times as fast as 1 business day.
- Credit Stacking: Offers 0% interest for 12-18 months on up to $250K in business credit cards and LOCs. Eligibility requires a 680+ personal credit score and is available to startups and established businesses.
- 3-5 Year Bank Term Loan: Loan amounts up to $350,000 with rates at Prime + 2-15% and funding times of 4-6 weeks.
- Revenue-Based Financing (RBF) for Diverse-Led Businesses: Supports businesses owned by women, people of color, LGBTQIA+, and veterans, or those in low-to-moderate income areas, with loan amounts from $50K to $2M, term lengths of 2-5 years, and repayment at 3-9% of monthly revenue.
These options provide flexibility and accessibility for businesses without requiring collateral.
Real Estate Financing Options
SANDBAR FUND offers a comprehensive suite of real estate financing options:
- Home Equity Line of Credit (HELOC): Payback periods up to 30 years, LTV of 50-85%, and interest rates of 5-13% APR (based on credit score).
- Cash-Out Refinancing: Refinance an existing mortgage to access equity as cash with fixed or variable rates and terms of 10-30 years.
- Portfolio Financing: Loans secured against a portfolio of properties with flexible loan terms based on portfolio value & risk.
- Acquisition & Project Financing: Designed for large-scale real estate acquisitions or developments, long-term repayment structures, often with interest-only periods, and secured by project assets or projected revenue streams.
- Warehouse Line of Credit: Short-term, revolving line of credit for real estate or inventory financing.
More Real Estate Financing Options
| Hard Money Bridge Loans | Rental Investment Loans | Commercial Property Loans |
|---|---|---|
| Use: Fix & Flip, Cash-Out Refinance | Use: Long-term rental financing | Use: Commercial real estate financing |
| Loan Amount: $100K-$50M (Min. Property Value:$150K) | Loan Amount: $100K-$50M (Min. Property Value:$150K) | Loan Amount: $100K-$50M (Min. Property Value:$150K) |
| LTV: 65%-80% (Up to 100% Rehab) | LTV: 70%-80% (Purchase), 60%-75% (Cash-Out) | LTV: 70%-75% (IncomeProducing), 50%-70% (Vacant) |
| Term: 6-24 months (Interest Only) | Term: 5-30 years | Term: 5-30 years |
| Rate: 9%-12% | Rate: 6%-14% | Rate: 8%-18% |
SANDBAR FUND provides a comprehensive range of real estate financing solutions to support various investment strategies and business needs.