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Move Your Business in the Right Direction with Compass

SBA Loans

See What You Qualify For With No Impact on Your Credit

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Receive Your Approval Terms Today!

We simplify the process by eliminating the uncertainty of funding for your business through our streamlined application process that allows for quick decisions and prompt funding. Our tailored system is easily accessible from any device, making it convenient for you.

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See What Our Customers Are Saying

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The ideal combination of speed & customer service, and it's simple to see your offers

Step 1. Apply Online

Our application process is straightforward and can be completed online or over the phone.

Step 2. Get a Decision

Your funding specialist will discuss the options available with you for your business.

Step 3. Receive Your Funds

Finish the online application process and receive your funds on the same day.*

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Small Business Loan Calculator

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Why do business owners trust Compass Business Loans? 

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Compass is one of the only loan providers committed to guiding small business owners to responsible funding decisions. 

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At Compass Business Loans, our team of Business Funding Specialists are standing by to help secure the funding you need to achieve your business goals. We take the time to understand what you are looking to accomplish, then tailor the programs specific to your business needs.

Get approved for CBL's best small business loans by applying online. Experience a seamless process and get a decision in minutes.

Compass employs top-tier encryption and cybersecurity measures to ensure that your personal data remains confidential.

Our term business loans mold to fit your business landscape, ensuring consistent financial backing at every juncture.

Our term business loans mold to fit your business landscape, ensuring consistent financial backing at every juncture.

Once approved, receive the funds you need without delay. Here at Compass, our accelerated process ensures your business can get the funds it needs promptly.

Our term business loans mold to fit your business landscape, ensuring consistent financial backing at every juncture.

  • How do I qualify for a business loan?
    To qualify for a business loan with Compass Business Loans, your company needs to be at least one year old and generate $250,000 or more in annual revenue. In addition, you need to have a FICO® score of 550 or more and meet the other borrowing requirements.
  • How do I apply?
    Compass puts your convenience first with a simple application that just takes a few minutes to complete. Our loan application only asks for basic information about you and your company.
  • How long can I finance equipment for?
    Most equipment financing deals are written for 36, 48, 60, 72, or 84 months, depending on the type of equipment and its cost. Financing terms are typically shorter for low-cost equipment or equipment that depreciates quickly.
  • What are the rates?
    This is one of the most common questions that small business owners ask, and for a good reason. Like you, they want the lowest possible rate. Your rate will depend on several factors, including your credit profile and annual revenue, the amount of funding you need, and the term length you want.
  • How do I access my funds once my loan is approved?
    Once your application is approved and everything has been signed and finalized, funds will be transferred directly to your business bank account via an automated clearing house (ACH). You will be able to pull funds immediately after your bank clears them.
  • How do I apply for a line of credit?
    You can either apply online on our secure website, or through your dedicated funding specialist. Once your application is received, the credit team will review during regular business hours. Your funding specialist will then contact you to discuss the next steps and answer any questions you might have.
  • How can I apply for equipment financing?
    You can either apply online on our secure website, or through your dedicated funding specialist. Once your application and equipment quote is received, the credit team will review during regular business hours. Your funding specialist will then contact you to discuss the next steps and answer any questions you might have.
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