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LoanBox is the Business Owner's Crystal Ball
for Selecting a Lender

Getting it right the first time can have immeasurable value with many things to a small business owner. LoanBox helps a business owner get their choice of business loan and lender right the first time. It's why LoanBox is preferred for business owners seeking big small business loans, when delays from not getting it right can end up losing out on the deal all together. Use LoanBox to get your big small business loan done right, with the right lender, the first time around.

Thousands of small business owners every year apply with SBA lenders who have the lowest probability of approving their loan. They randomly approach lenders that don’t specialize in their industry, business type or loan amount, because they think all banks are the same when it comes to an SBA loan or a small business loan and the only difference is they might get a better rate with this bank vs. another.

Going down the path with the wrong matched lender is the top reason why so many small business owners have frustrating and stressful lending experiences. Why do so many small business owners initially go down the wrong path and waste weeks or more only to find out they have to start over somewhere else? The obvious answer is because most business owners don't have access to a crystal ball. With the launch of LoanBox business owners now have something much more reliable.

SBA Lenders Are All Different, Sometimes Very Different

It’s the lender, not the SBA, that provides the loan. The SBA guarantees it but doesn’t provide the loan. The SBA provides standard operating procedures for banks to follow but also defers certain aspects to the lender’s individual bank policies, and each lender’s bank policies are layered on top of that of the SBA’s rules and procedures. All SBA lenders are different, sometimes very different.

Each SBA bank/lender has different levels of expertise, experience (and therefore comfort level) with different industries, locations and loan amounts. If you’re a a franchise startup seeking a multi-million SBA loan why are you applying with a lender who has never approved a multi-million franchise loan, or a multi-million startup loan, or a loan in your industry, or an SBA loan over $300k for that matter? This is just scraping the surface.

Even more convoluted is each bank has a different combination of dozens of “make-or-break” criteria which if any one of them doesn’t meet the individual bank’s criteria it results in a denial. Many of the basic criteria like loan amount, purpose, location, business age, and credit score are quickly and easily screened for. Other details don’t usually show up until the analyst reviews the loan like DTI, DSC, and debt-to-equity calculations.

So while the loan officer may have been initially optimistic during the application process the business owner finds out weeks later the loan can’t be approved and the owner has to then start anew somewhere else. While some of these banks only waste a week or two instead of two or three but a wasted week or two is too long.

Better Than a Crystal Ball

We utilized our analytics platform to compile the top small business lenders in the country based on a host of different categories and criteria. We collected their approval variables on dozens of components for exactly the type of loan, business, and borrowers they are targeting and the key approval criteria for both general purpose and specific purpose loans.

When you complete your loan package the LoanBox algorithms go to work and you instantly see the SBA lenders you match 100% of their dozens of criteria variables. Select one or all of the lenders to access your LoanBox package from their LoanBox. Interested lenders (they all usually are since you match 100% of their criteria and is exactly who they are targeting) generates loan proposals and the borrower selects the winner, executes the proposal, and continues the LoanBox process to closing, receiving alerts whenever the loan advances to the next process stage.

Getting it right the first time can have immeasurable value with many things to a small business owner. LoanBox helps a business owner get their choice of business loan and lender right the first time. It's why LoanBox is preferred for business owners seeking big small business loans, when delays from not getting it right can end up losing out on the deal all together.

Use LoanBox to get your big small business loan done right with the right lender the first time around.

We utilized our analytics platform to compile the top small business lenders in the country based on a host of different categories and criteria. We collected their approval variables on dozens of components for exactly the type of loan, business, and borrowers they are targeting and the key approval criteria for both general purpose and specific purpose loans.

LoanBox Unmatched Matching

LoanBox is unmatched in its ability to secure big loans for small businesses. Our platform specializes in matching small business and franchise owners with the right lenders tailored to their specific loan requirements and unique circumstances. The larger small business loans are often used for purposes like acquisitions, expansions, partnership buyouts, joint ventures/mergers, succession buy-ins, and commercial real estate. In these critical scenarios, the last thing a business owner needs is a prolonged approval process ending in rejection or an unfavorable agreement. Delays in securing necessary funding can significantly impact a business, sometimes resulting in lost opportunities.

LoanBox employs advanced technology to ensure your significant small business loan is paired with the most appropriate lenders. When business owners submit their loan packages—comprising their application and documentation—LoanBox algorithms immediately begin calculating and cross-referencing against the criteria of LoanBox lenders. This includes national lenders, specialty niche lenders, SBA lenders, conventional only lenders, and local lenders. The platform’s next-level filtering and matching system matches for multiple criteria, each of which can have sub categories as well:

  • Franchise Brand

  • Debt service coverage ratio

  • Years in business

  • Startup

  • Guarantor

  • Debt-to-income ratio

  • Debt-to-equity ratio

  • Loan-to-value ratio

  • Equity injection

  • Subsector and industry

  • Credit score (estimated)

  • Borrower type

  • Loan type

  • Loan purpose

  • Loan amount tier

  • Geography

  • Other qualifying and bank focus metrics

By targeting loans with precision, LoanBox saves business owners valuable time, reduces costs, and alleviates stress.


LoanBox lenders are carefully chosen for their expertise, rankings, and our analytical vetting process.

Our platform features a diverse range of lenders, from national powerhouses to regional banks, niche industry banks, community banks, and credit unions, each bringing unique strengths.

They are all eager to compete for your small business and franchise loans, whether locally or nationally.

National Lenders - Our portal includes many of the top national SBA lenders, featuring those ranked highest in terms of the number of SBA loans, dollars funded, and franchise lending. 6 of the 10 top SBA Lenders over the last year are on LoanBox.

Industry Lenders - Each industry has its own top-ranked lenders. Lenders who join the LoanBox portal system, specializing in your industry, will see your business profile as a suggested match and can request to become a preferred lender on your portal. LoanBox has a good group of the top 10 lenders from every business sector with the exception of Public Administration and Utilities.

Local Lenders - We also feature top local SBA lenders and highly ranked state lenders, providing a local lending option to your business. You may initially be thinking an SBA loan but a local lender provides a conventional proposal, especially with real estate.

When you complete your loan package the LoanBox algorithms go to work and you instantly see the SBA lenders you match 100% of their dozens of criteria variables. Select one or all of the lenders to access your LoanBox package from their LoanBox. Interested lenders (they all usually are since you match 100% of their criteria and is exactly who they are targeting) generates loan proposals and the borrower selects the winner, executes the proposal, and continues the LoanBox process to closing, receiving alerts whenever the loan advances to the next process stage.

DETERMINING THE RIGHT LENDER FOR YOUR BUSINESS LOAN

While there are hundreds of related factors and nuances in selecting the right lender right the first time, it really comes down to 3 fundamental questions about the bank for how the bank relates to you. LoanBox matches a business to the SBA lender(s) based on 3 primary categories of lender selection: experience, focus and criteria. These three factors determine many different outcomes.

  • Past Experience:

    Expertise and experience providing loans to other business owners in your same industry, business type and age, location, and loan amount needed. LoanBox filters every SBA lender for the loans they have previously provided to other small business owners in the same industry, for the same business type, in the same location area, for the same loan amount range.

  • Current Focus:

    Currently focused and motivated to lend to business owners like you, for the loan purpose you are seeking, for the loan amount you need. Those who want your loan.SBA lenders focus on different types of SBA programs, loans, loan amount tiers, industry and businesses types, and locations. Historical SBA lending experience isn’t always the best indicator of future lending focus. Changes in people allocations, and economy are just a few of the host of reasons the past isn’t always (but usually) an indicator of a bank’s future focus.

  • Matching Criteria:

    Has policies and requirements for qualifying (credit score, cash flow, start-ups, collateral, type, previous bankruptcy or judgments, etc.) that matches your personal and business criteria situation. While the SBA is the same for all, SBA lenders differ. SBA lenders have different combinations of policies for things like credit scores, DSCR, out of state loans, startups, collateral, and flexibility for down payment requirements. Banks aren’t all the same and each are looking for different kinds of borrowers and different kinds of loans.

FINANCE
YOUR WAY 

DO-IT-YOURSELF BUSINESS LOANS

  1. Complete application and loan package

  2. See matching lenders

  3. Select one or all matching lenders to access your loan package

  4. Receive loan proposals from interested lenders

  5. Select the winning lender and e-sign their loan proposal

Use the tools and intel available, follow the process, receive alerts at every stage along the way, and utilize LoanBox human support as needed.

LOANBOX ADVISOR SUPPORTED LOANS

  1. Complete applicant summary form

  2. Have consultation

  3. Upload the docs requested

  4. Receive, discuss, and approve your LoanBox Advisor plan

  5. Provide needed docs as requested as your Advisor navigates everything for you

Your loan is still managed on the LoanBox platform, so you still have access to the same lenders and receives the same alerts.