New COVID 19 SBA Information (updated 4/2) 

Small Business Retention Loan & Payroll Protection Grant – Sentra Funding can expedite and maximize our clients grant and loan application as well as ensure our clients are not losing valuable time and access to these programs.  Currently, the amount of funding is 2.5x your average monthly payroll and related expenses provided you maintain approximately 90% of your pre-pandemic staffing numbers.   When Sentra Funding applies on a client's behalf we are to go directly through the SBA and immediately move their applications into the process for the EIDL Loan to make sure capital is on the way.  We are recommending all clients proceed with all 3 CARES ACT programs to ensure sufficient capital for the next 4-6 months should the lockdown, shut down and subsequent lag in the economy combine to damage revenues well into the summer.  This loan or grant is to be forgivable should the business retain approximately 90% of its pre-pandemic employment numbers. Application to funding time is estimated to be 7-10 days.

The Economic Injury Disaster Loan Program (EIDL) - This program which recently may have had its cap reduced from 2MM to 1MM is being processed on a first-come, first-serve basis with a strong recommendation that all files are SBA 7a compliant to ensure fast and efficient funding.  The Sentra Funding SBA processing team considers this program a vital component to ensuring business solvency over the next 120 days.  Expected terms are to be 5 or 10-year loans with a 3.75% APR (range estimates have been 0% to 4% during recent conference calls) with no collateral and no personal guarantee (up to $200,000) required and several different payment deferment options of over 90 daysApplication to funding time is estimated to be 14-21 days.

SBA 7A CARES ACT Loan  The 3rd and most important aspect of the stimulus package is the adaptation of the SBA 7A program, clients should apply for both the EIDL and SBA 7a CARES Loan however a business will only be allowed to take one of these.  This loan program will probably end up being the largest amount of funding as it is repayable over a 10-30 year period.  Part of the CARES Act that is the SBA 7a loans to companies to cover payroll and certain expenses (details below). The new SBA 7a Loans benefits still need to be reviewed by the SBA so having an application package and paperwork organized is important to ensure the quickest processing, approval, and funding. This might take additional time, even if though the bill is signed. These loans will be funded through SBA lenders, not directly through the SBA like the EIDL program, and we expect to be able to continue to help our clients through this application.  Expected terms are to be10 to 30 -year loans with a 3-6% APR with no collateral required and several different payment deferment options of over 90 days or more. Application to funding time is estimated to be 6-7 weeks days.

We are encouraging our clients to apply for all 3 programs concurrently as we integrating the SBA Relief/Payroll Loans into our normal application process- with expedited review times. Sentra Funding does not charge upfront fees as it is up to us to get your application packet organized and prepared for final approval and funding! 

Sentra Funding is actively taking on new clients and still providing financing for all these products:

AR Factoring and Asset Based Lines of Credit
Unsecured Term Loans (Capped at $40,000)
Inventory Financing
Bridge Loans

For anyone that wishes to apply with Sentra Funding for the SBA 7(a) loans or any of our other programs, please email or  While we are unsure if and when this pandemic passes, we will do our best to communicate the updates.  
Please note that due to the fluidity of the situation, our updates are based on our (and our capital providers') interpretation of the upcoming changes and there might be further changes or differences to what we are communicating.  Stay safe and stay healthy!



3-5 Year Term Loans ($40,000) Apr from 7.99%

Unsecured Credit Lines up to $100,000.00

Working Capital Loans $50,000 to $250,000

Factoring $100,000 to $1,000,000

Important Links

Need to talk right now?

Call (949)298-4892

None SBA Options