This month, leading online B2B wholesale distributor DollarDays introduced a partnership with Superior Financial Group to help business owners secure Small Business Administration (SBA) loans. DollarDays is the premier online wholesale and closeout company that helps small businesses […] compete against chain retailers by offering more than 140,000 high-quality goods at prices close to those at which large enterprises purchase.
Through this new lending program, people will be able to access the application for a small-business loan ranging from $5,000 to $25,000 directly through the DollarDays website. The loans, provided by federally licensed SBA lender Superior Financial Group, are geared towards startups, home-based businesses and small businesses.
“With lenders giving preference to larger businesses with more assets, there are less dollars for small businesses like startups and mom-and-pop stores,” says DollarDays’ founder and president, Marc Joseph. “DollarDays’ main principle is about helping small businesses stay competitive with larger retailers, and this program offers a solution many business owners can’t find elsewhere. It’s an affordable way to help people secure SBA-backed loans of up to $25,000 and continue to grow and scale their businesses.”
There is no collateral required to secure a loan, and it is possible to get funding within days of completing the online small-business loan pre-qualifier application. There is no risk obligation, no prepayment penalties or balloon payments, so the loans can be paid off at any time. There are also special loans available for export business.
“We are excited to be teaming up with DollarDays and help provide much-needed capital to help small businesses grow in these challenging economic times,” says Tim Jochner, CEO of Superior Financial Group.