Guidant Financial is a lender company that provides financing and loans for small businesses. They offer funding solutions for 401(k) business financing (ROBS), SBA loans, unsecured loans, portfolio loans, and equipment leasing. In this article, we cover Guidant Financial reviews and rates. Ready to get started with Guidant Financial? Get started.
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Guidant Financial Pricing
Guidant Financial’s pricing includes an initial set-up fee of $4,995 for the 401(k) business financing and $2,500 for the SBA loans. Its interest rates range from 2.25% to 18%. There’s also an additional fee of $139/month for the 401(k) business financing or 1% to 5% of the loan amount for the SBA loans.
|401(k) Business Financing|
|SBA 7(a) Business Loans|
|SBA Working Capital Loans|
Guidant Financial also charges an additional fee for plan administration which costs $139/month, 3% to 5% of the loan amount for the SBA 7(a) business loan, and 1% to 3% of the loan amount for the SBA working capital loan. The company does not charge an additional fee for the unsecured and portfolio loans. The additional fee covers plan administration for the 401(k) business financing, and closing costs including SBA guarantee fee for the SBA 7(a) business loans and SBA working capital loans. No additional fee is charged for unsecured and portfolio loans.
Interested applicants for the SBA 7(a) loans should have a credit score of 640+, while the SBA working capital loan and unsecured loans require 690+ of credit score. 401(k) business financing and the portfolio loan, however, do not have a credit score requirement.
Ready to get started with Guidant Financial? Get started.
Top Guidant Financial Alternatives
Businesses that want the highest level of service including free legal consultations
Entrepreneurs looking to fund a franchise with ROBS or ROBS + SBA loans
Startups looking for the provider that has been successfully doing ROBS the longest
Startups looking for the most affordable full-service ROBS option available
Exploring funding alternatives on a free online marketplace
Summary of Positive Guidant Financial Reviews
As of the date this article was written (01/18/19), there are no up-to-date positive Guidant Financial reviews online. If you are a past or current Guidant Financial customer, leave a review to help other business owners who are deciding whether or not to use the company.
Summary of Negative Guidant Financial Reviews
There are very few negative Guidant Financial user reviews online. Some of them complained though that their customer service representatives are not helpful, and sometimes not responsive.
Top Lender Pick from Fit Small Business
Best SBA Lenders: Top 100 SBA Lenders— With more than 3,000 SBA lenders nationwide, choosing the best SBA lender can be difficult. Some of the best SBA lenders approve average loan amounts of about $75,000 to more than $1.5 million, with interest rates averaging around 6.4 percent to more than 9.2 percent. In this guide, we’ll show you the 100 top SBA lenders per current SBA data, and review 10 of the top SBA lenders.
Guidant Financial Features
Check out the list below of some of Guidant Financial’s features:
- Funding up to $5 million
- Up to 10 years repayment terms
- 2.25% to 4.75% interest rates for SBA loans
- No ballooning costs
Guidant Financial FAQ
How fast can users get their funding?
For 401(k) business financing, the average time to fund is three weeks, two to three weeks for the unsecured and portfolio loans, 30 days for the SBA working capital loans, and two to four months for the SBA 7(a) business loans.
What types of business can users fund using 401(k) business financing (ROBS)?
Users can fund any type of business they want using ROBS. However, users are not allowed to use it for businesses that deal with investment or loans.