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Customer Testimonials
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“SCC helped me think through the payback of building an outdoor patio onto my restaurant. Then they gave me $25,000 to fund the project. The outdoor patio was a major draw last summer." - Jonathan Randolph, Restaurateur (Silver Spring, MD) |
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Information is the most important component of making a good business decision. We want your business to succeed, and we want you to have all the information necessary to know whether funding from Smart Capital ChoiceTM is the right decision for you. The table below helps you evaluate your funding options. To get the full picture, your best source of information will be to speak with a Funding Specialist by calling 866.445.8630.
| FUNDING OPTIONS | | | Friends & Family | Bank Loan | Venture
Funding | Smart Capital Choice™ | | Loan Amount | Varies | $25,000
and up | $250,000
and up | $5,000-$150,000 | | Business Plan Required | | | | No | | Business Tax Returns | | | | | | Personal Tax Returns | | 3 years | 3 years | | | Business Guarantees | | | | | | Personal Guarantees | | | | | | Collateral Requirements | | | | | | Closing Costs and Fees | | | | | | Approval Time | Varies | 4-8 weeks | 8-12 weeks | 5-7 days | | Cost of Capital | Varies | Low | Very High | Medium | | Additional Cost Considerations | Depends on success,
Impacts close relationships | Least expensive, most restrictive | Give up owners equity, control, and autonomy | | | Restrictions on Use of Funds | | Must use for plan | | |
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