While partially guaranteed by the government, SBA loans help business get access to working capital while securing a low interest and long repayment term.
If you’re a small business owner in Charleston looking for a funding solution that combines low-interest rates, longer repayment terms, and flexible eligibility, SBA Business Loans Charleston could be your best choice. At Alpha FBG, we specialize in helping local businesses secure SBA loans that empower them to grow, hire more employees, and expand their operations.
SBA (Small Business Administration) loans are government-backed loans offered through approved lenders like Alpha FBG. These loans are particularly beneficial for startups and small businesses that might struggle to qualify for traditional financing. With Charleston’s business scene flourishing in areas such as hospitality, construction, and tech, SBA loans are a practical option to support sustainable business growth.
Low Interest Rates – SBA loans typically offer lower interest rates than standard bank loans, which helps reduce the cost of borrowing.
Longer Repayment Terms – Whether it’s a 7(a) loan or CDC/504 loan, repayment terms can extend up to 25 years, easing your monthly burden.
Smaller Down Payments – Many SBA loans require down payments as low as 10%, preserving your cash flow for operational needs.
Flexible Use of Funds – Use the funds for working capital, purchasing equipment, refinancing existing debt, or even acquiring another business.
At Alpha FBG, we guide you through the entire SBA loan process—from application to funding—ensuring all paperwork, compliance, and requirements are correctly met.
Meeting the SBA business loans Charleston requirements is a key step in the approval process. Alpha FBG helps simplify this by providing expert consultation. Generally, you’ll need:
A business located in Charleston or surrounding areas
A credit score of 650 or above (some flexibility possible)
A solid business plan and financial projections
Personal and business tax returns for the past 2–3 years
Proof of business ownership and relevant licenses
Some SBA loans may also require collateral, but Alpha FBG helps find options that best fit your profile.
660 FICO®
2 years of Business and personal tax returns
YTD profit & loss and balance sheet
2 years of Business and personal tax returns
Voided business check
YTD profit & loss and balance sheet
Choosing a Charleston-based SBA loan provider like Alpha FBG gives you the advantage of working with a team that understands the local market. Our advisors are available for face-to-face consultations, making it easier for you to navigate the lending process and get customized funding solutions.
Q1: How long does it take to get approved for an SBA loan in Charleston?
A: The approval process typically takes 4 to 6 weeks. However, at Alpha FBG, our expert advisors help you streamline the documentation and pre-qualification steps to speed up the process.
Q2: Can I get an SBA loan with a low credit score?
A: While SBA guidelines prefer a credit score of 650 or higher, Alpha FBG may help you explore alternative options or provide guidance on improving your credit before applying.
Q3: What industries qualify for SBA loans in Charleston?
A: Most industries qualify, including hospitality, construction, retail, professional services, and tech. Alpha FBG evaluates your business model to determine the best fit.
Q4: Do I need collateral for an SBA loan?
A: Not always. Depending on the loan type and amount, collateral might be required. Alpha FBG helps assess your situation and matches you with the most suitable loan product.
For expert assistance with SBA Business Loans Charleston, reach out to Alpha FBG—your trusted financial partner in business growth.
