Start or expand your business with loans guaranteed by the Small Business Administration.
While Byrider Franchising does not directly provide or guarantee any financing to its franchisees, we do maintain relationships with many banks and lending institutions that are familiar with both the financing of subprime automotive receivables and our particular business model. We are happy to help make introductions to those lenders.
Our partnership with SBA can help franchisees get the funding they need to start and fund their new Byrider Direct venture.
The SBA Helps Small Businesses Get Loans
The SBA works with lenders to provide loans to small businesses. The agency doesn't lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces the risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get loans.
Loans for Borrowers
A group of SBA loans that guarantee portions of the total amount, cap interest rates, and limit fees.
Long-term, fixed-rate financing to purchase or repair real estate, equipment, machinery, or other assets.
Our smallest loan program, providing $50,000 or less to help businesses start up and expand.
Pre-Qualify for Funding!
Want to know what you might qualify for regarding funding? Use this no-obligation, free Funding Discovery Calculator to get an overview of potential options. The Calculator is not a credit pull, and is not an offer or guarantee for funding.
Benefits of SBA-Guaranteed Loans
SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
Counseling and Education
Some loans come with continued support to help you start and run your business.
Lower down payments, flexible overhead requirements, and no collateral required for some loans.
Get $500 to $5.5m to Fund Your Business
Loans guaranteed by the SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan. Your lender can match you with the right loan for your business needs.
Like seasonal financing, export loans, revolving credit, and refinanced business debt.
Like furniture, real estate, machinery, equipment, construction, and remodeling.
Frequently Asked Questions
Ready to find out more about SBA loans available for the Byrider Direct franchise opportunity? Not sure which is the right funding solution for you? We’re here to answer any questions.
Be a part of helping people
Let the Byrider Direct Program be your way to break into our robust and exciting industry!