- Beyond Banks
- Posts
- SBG Funding Hits $1B Milestone in US Business Lending
SBG Funding Hits $1B Milestone in US Business Lending
400% Growth, 25K SMBs Empowered in 3 Yrs
SBG Funding has surpassed $1 billion in total funding provided to small businesses across the United States. This significant milestone demonstrates the company's substantial growth and impact in the alternative financing industry.
The company has empowered over 25,000 small businesses to grow, expand, and succeed in competitive markets by providing quick access to capital. This highlights SBG Funding's role in supporting entrepreneurship and economic growth.
SBG Funding has experienced rapid expansion, with revenue increasing by over 400% over the past three years. The company has grown from a small business to an organization with over 80 employees and continues to hire.
SBG Funding has been included on the INC 5000 list for the third consecutive year, recognizing its rapid growth and success in the industry.
The company offers a wide range of funding solutions, including working capital loans, lines of credit, equipment financing, and SBA products, demonstrating its ability to meet diverse small business needs.
SBG Funding's success appears to be primarily based on its ability to provide quick, flexible financing solutions to small businesses that may struggle to secure funding from traditional lenders. The company focuses on speed, transparency, and simplicity in its approach to meeting the needs of small business owners.
Our Opinion
This breakthrough not only emphasizes SBG Funding's influence in the market but also strengthens the alternative lending model, validating its viability and sparking innovation and competition among lenders. The company's broad suite of financial products sets a benchmark in the industry, pushing other lenders to expand and diversify their offerings.
With a clear focus on serving markets that traditional financiers often neglect, SBG Funding's efforts are likely to encourage more accessible capital solutions for U.S. small businesses, contributing substantially to the sector's growth and the economy at large.
Tech Video Tutorial: Secretary of State Business Search Bulk Tool Demo
Headlines You Don’t Want to Miss
The US alternative lending market is projected to reach $378.61 billion by 2028, driven by technological advancements and changing consumer preferences. Key developments include significant funding rounds, strategic partnerships between traditional banks and fintech companies, and increased regulatory scrutiny focusing on transparency and consumer protection.
Better.com, a prominent digital mortgage platform, is set to merge with Aurora Acquisition Corp in a deal valued at $7.7 billion, aiming to go public on the NYSE as mortgage rates see significant declines. Post-merger, Better.com intends to enhance real estate services by making them more affordable, efficient, and transparent.
Citigroup Inc. and Apollo Global Management, Inc. have started a new $25 billion program for private credit and direct lending. They are focusing on North America but may expand globally. The goal is to make it easier for businesses to get funding, with help from top legal advisors like Sullivan & Cromwell LLP and Cravath, Swaine & Moore LLP.
Schedule a FREE Demo Call with Jordan
Get Free Access to our Alternative Finance Disclosure Law Helper GPT
Get Free Access to our Cobalt Modern Underwriter GPT
Get Free Access to our Alternative Funding Expert GPT
Get Free Access to our AI Credit Risk Tool
Create an account to Get Free Access to our Secretary of State AI Tool
Subscribe on our YouTube Channel here |
See us on LinkedIn |