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SBA CAPLines2022-11-09T19:53:14+00:00

SBA CAPLines

Don’t Let Cash Flow Concerns Get in Your Way

SBA CAPLines are designed to help small businesses manage cyclical cash flow needs through revolving lines of credit.

Big Think Capital BBB A+ Rating
Certified Small Business Financial Professionals

APPLY IN MINUTES – WON’T IMPACT YOUR CREDIT SCORE

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Name(Required)

Loan Amount up to

$5m

Term as long as

5 years

Rate as low as

5.75%

Funded as fast as

30 days

Unique Benefits of SBA CAPLines Financing

The SBA CAPLines comes with four SBA lines of credit products that provide up to $5 million to help your small businesses meet their short-term working capital needs. SBA CAPLines work best if you need a revolving line of credit for your business and to make recurring payments or to manage unexpected expenses.

Major advantages to businesses of the CAPLines program is that interest is only paid on the amount actually borrowed, and that further cash is always quickly and easily available up to the maximum loan amount.

Payment Schedule

Payments can be set at regular intervals

Various Uses

Funds can be used for a wide variety of purposes

Lower Rates

SBA CDC/504 loans have relatively low interest rates

Longer Terms

SBA CDC/504 loans have a longer repayment schedule

Get Started With SBA CAPLines

Provide basic information about your business. If approved, you can request funds and receive them in your account in as fast as 48 hours.

What you’ll need to qualify

  • 600+  credit score

  • Pledge AR, inventory, purchase orders, or contracts as collateral

  • 1+ years in business (seasonal program)

What you need to apply

  • Basic details about you and your business

  • Bank statements for past 3 months

  • Business is in good standing

Start your application & secure the
funds your business needs today

Apply and Get Funded

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Frequently Asked Questions

What is a contract line of credit?2022-09-22T19:14:36+00:00

Materials and labor associated with assignable contracts. If your company has secured an assignable contract but doesn’t have the resources available to meet the contract, and if the contract meets the SBA guidelines of retaining or creating jobs, the Contract Line of Credit may be the answer.

The following product has a limit up to $5 million

What is a builders line of credit?2022-09-22T19:15:04+00:00

Materials, equipment, labor, permits and even land purchases (land purchase expenses may not exceed 20% of the total LOC limit). Similar to the Contract Line of Credit, the Builders Line has a great deal of flexibility. This LOC may be used for a wide range of costs associated with building or renovating a residential or commercial property, where the intent is to sell that property to an as yet unknown party upon completion. Be aware, however, that this LOC is the most heavily regulated of the CAPLines programs and funds disbursements may be dependent upon project milestones.

The following product has a limit up to $5 million

What is a seasonal line of credit?2022-09-22T19:14:14+00:00

Seasonal increases in accounts receivable, inventory needs, or related increased labor costs. Businesses which operate seasonally, or which have significant changes in activity between season, may encounter cash flow problems coming in to a busy season. This product allows those businesses to expand as rapidly as possible by avoiding cash shortages. Your business must have been in operation for at least one year.

The following product has a limit up to $5 million

What is a small asset-based line of credit?2022-09-22T19:16:15+00:00

Allows small businesses to convert short-term assets (such as invoices) into cash. Has looser servicing requirements than the Standard Asset-Based Line but the same benefits and limitations.

The following product has a limit up to $200,000

What is a standard asset-based line of credit?2022-09-22T19:15:41+00:00

Converts short-term assets (such as invoices) in to cash. Very similar to Invoice Financing, the Standard Asset-Based LOC may be a better solution for larger companies, as the cost of borrowing may be substantially lower than costs for Invoice Financing. Note this LOC may not be used for delinquent taxes, floorplanning or the purchase of fixed assets.

The following product has a limit up to $5 million

What is the SBA CAPLines program?2022-09-22T19:13:43+00:00

The CAPLines working line of credit program is a range of financial products designed to assist small businesses with their short-term and cyclical capital needs. In most cases, these products are only available to companies which already have a traditional SBA 7(a) or CDC/SBA 504 loan. In rare cases, qualified borrowers or well-connected businesses with the potential to bring other borrowers to a bank, may find a lender willing to provide a stand-alone CAPLines LOC.

Examples:

  • Converting invoices to cash
  • Covering seasonal costs
  • Covering costs of materials and labor for a building project
What are the pros and cons of the SBA CAPlines program?2022-09-22T19:16:59+00:00

Major advantages to businesses of the CAPLines program is that interest is only paid on the amount actually borrowed, and that further cash is always quickly and easily available up to the maximum loan amount.

Benefits

  • Set payments at regular intervals
  • Can be used for a wide variety of purposes
  • Relatively low interest rate
  • Long repayment schedule

Drawbacks

  • Lengthy application process
  • May carry early payment penalty
  • Variable interest rates may increase

At Big Think, we can help you structure the best loan for your needs. If you’re confused or need clarification about the qualifying requirements for a loan, please contact us. We’ll be happy to help.

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