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Have questions about business funding or want to learn more about your options? Our team is here to help you understand your funding solutions and take the next step with confidence.
Frequently Asked Questions
Answers to Common Business Funding Questions
Understanding your business funding options is an important part of making the right decision for your business. If you have a question that isn't answered below, contact our team and we'll be happy to help.
General Funding Questions
Business funding provides businesses with access to capital to support a variety of needs, such as working capital, inventory, equipment, expansion, marketing, and other business initiatives.
SBS Funds offers three core business funding solutions: Business Term Funding, Business Line of Credit, and Revenue-Based Funding.
SBS Funds offers:
- Business Term Funding for defined business funding needs
- Business Line of Credit for flexible access to business capital
- Revenue-Based Funding with repayment connected to business revenue according to the applicable funding agreement
Each solution has different characteristics, eligibility requirements, and terms.
The appropriate funding solution depends on your business, financial position, revenue, funding needs, and objectives.
If you're unsure which option may be appropriate, you can contact SBS Funds to discuss your needs or submit an application for review.
Depending on the funding solution and applicable requirements, business funding may be used for:
- Working capital
- Inventory
- Equipment
- Business expansion
- Marketing and growth
- Renovations and improvements
- New products or services
- Other qualified business needs
Application Questions
You can begin by completing the SBS Funds application and providing information about your business, financial position, and funding needs.
Our team will review the information provided and discuss available funding options.
The information required can vary depending on the funding solution and your business.
You may be asked to provide information about your business, ownership, revenue, financial performance, existing obligations, and the amount and purpose of funding requested.
Funding availability depends on factors such as your business profile, financial performance, revenue, funding requirements, and applicable eligibility criteria.
There is no single funding amount that applies to every business.
Processing times can vary depending on the business, the information provided, required documentation, and the applicable review process.
Providing complete and accurate information can help keep the process moving efficiently.
No. Submitting an application does not guarantee approval or funding.
Funding availability, terms, and eligibility are subject to review and applicable requirements.
Business Term Funding
Business Term Funding provides structured capital for a defined business need. It may be suitable for businesses looking for funding for expenses such as equipment, inventory, expansion, working capital, or other planned investments.
Depending on applicable requirements, Business Term Funding may be used for working capital, equipment, inventory, expansion, renovations, marketing, and other qualified business needs.
Business Line of Credit
A Business Line of Credit provides flexible access to business capital up to an approved amount.
It can be useful for businesses that have changing capital needs and want access to funding for working capital, inventory, seasonal expenses, unexpected costs, or growth opportunities.
Depending on the funding structure and applicable requirements, it may be used for working capital, inventory, supplies, seasonal expenses, marketing, expansion, and other qualified business needs.
Revenue-Based Funding
Revenue-Based Funding is a business funding solution where repayment is connected to future business revenue according to the specific funding agreement.
It can be an option for businesses with established revenue that are looking for capital to support growth, working capital, marketing, inventory, or other business needs.
A business receives funding and repayment is structured around an agreed portion of future business revenue, subject to the specific funding agreement and applicable terms.
The repayment structure, percentage, duration, and other terms can vary.
Still Have Questions?
Every business has different goals, financial circumstances, and capital requirements. If you don't see the answer you're looking for, our team is available to help you better understand your funding options.