Frequently Asked Questions

Term loans offered by banks in the GBA network have fixed rates with shorter repayment periods and a faster, less document-intensive alternative to a traditional 10-year term SBA loan.

A Bank Term loan can be a good option if you don't initially meet the eligibility requirements for an SBA loan. It can also be a good option if you require funds quickly or you want a fixed interest rate with stable monthly payments. There's only one streamlined application to complete whether you are applying for an SBA loan or decide to opt into a bank term option.

A Bank Term loan from a bank in the GBA network can be used in a variety of ways to build your business and save money.

No, you can pre-qualify for a bank term loan offered through a bank in the GBA network without impacting your credit score. To determine if your business is pre-qualified, Growth Bridge Advisors reviews a soft pull of your credit report. This does not impact your credit score. When your loan application proceeds to funding, the bank will request a hard pull on your credit, which appears as an inquiry on your credit report. This only happens after your application is in the funding process and matched with a lender who is highly likely to fund your loan.