CRA Syndicate markets its opportunity as SBA Pre-Qualified and describes an SBA Express financing pathway for qualified borrowers. Adjust the project cost, injection, reserve requirement, and interest rate below to estimate the financed amount, the monthly payment, and the total interest over a 10-year term.
Projected Cost
$167,500
Cash Injected
$17,000
Reserve Required
$3,000
Total Liquid
$20,000
Total Financed
$147,500
Working Capital
$99,500
| Published Terms | Total | Equity Injection | Financed |
|---|---|---|---|
| Licensing Fee | $65,000 | $14,000 | $48,000 |
| Working Capital | $99,500 | $0 | $99,500 |
| SBA Bank Fee | $3,000 | $3,000 | $0 |
| Reserve Held After Closing Not spent — must remain on hand | $3,000 | $3,000 | $0 |
| Projected Cost & Cash Injected | $167,500 | $17,000 | $147,500 |
| Total Liquid Required | $20,000 |
$17,000 injected + $3,000 reserve |
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Financing structure is subject to change. Final terms are set by the participating lender.
At the published terms, the buyer wires $17,000 at closing — $14,000 applied to our licensing fee and $3,000 to the bank fee. An additional $3,000 must remain liquid after closing as a reserve, so the total liquid position required is $20,000. The $167,500 projected cost is therefore made up of $147,500 financed — $48,000 of the licensing fee plus $99,500 of working capital. The bank fee is paid fully in cash by the buyer and is not financed. This structure is subject to change.
CRA Syndicate describes a 10-year, fully amortizing loan structure with no prepayment penalty, a variable rate based on the WSJ Prime Lending Rate plus 2.75%, and no additional collateral — with the business assets securing the transaction. Published qualification requirements are a credit score of 700 or higher, a $17,000 closing injection, and a $3,000 reserve held after closing, plus verification of personal and business financials and all required SBA forms. Qualified borrowers are described as receiving bank approval in about one business day with funding in 30 to 45 days.
SBA pre-qualification is not an official SBA endorsement. All financing is subject to lender underwriting, SBA requirements, borrower qualification, and current program rules. This tool is an estimate only — it is not a loan offer.
Adjust any value to model your scenario
The structure at the published terms
| Line Item | Total | Equity | Financed |
|---|---|---|---|
| Licensing fee | $65,000 | $14,000 | $48,000 |
| Working capital | $99,500 | $0 | $99,500 |
| SBA bank fee | $3,000 | $3,000 | $0 |
| Reserve held after closing | $3,000 | $3,000 | $0 |
| Projected cost | $167,500 | $17,000 | $147,500 |
The buyer wires $17,000 at closing — $14,000 toward the licensing fee and $3,000 toward the SBA bank fee — and must also keep $3,000 in reserve after closing, so the total liquid funds required are $20,000. The $147,500 financed covers the $48,000 licensing fee balance plus $99,500 of working capital. If the reserve is funded from the closing wire rather than held separately, the amount applied to the license drops and the financed total rises accordingly. This structure is subject to change.
Funds available for sales, marketing, prospecting, insurance, and normal launch operating expenses.
The total the buyer wires at closing: the $3,000 SBA bank fee plus the balance applied toward the licensing fee, which is what remains after the reserve is set aside. Any shortfall is financed.
A post-closing liquidity cushion the lender and SBA expect the borrower to retain, so the new business is not starting from zero.
How is the reserve funded?
Under the published structure, the reserve is carved out of the $17,000 — so the buyer needs $20,000 in total liquid funds (a $17,000 injection plus a $3,000 reserve) while only $17,000 is actually invested in the business. The $3,000 held back is equity the buyer keeps, not a cost.
CRA Syndicate describes a variable rate of the WSJ Prime Lending Rate plus 2.75%. Enter your own assumption above — the actual rate is set by the lender.
Loan term
Estimated Monthly Payment
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Total Interest
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Total Repaid
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Where the financing goes
Cash the buyer needs
$17,000 injected · $3,000 held in reserve
Estimates use standard amortization math on the inputs you provide. They are not a loan offer, approval, or commitment to lend, and they exclude lender closing costs and fees.
Under the current SBA financing structure, the projected cost is split into two buckets: what the buyer injects in cash and what is financed. Three line items make up the projected cost — the licensing fee, working capital, and the SBA bank fee — and each one breaks down differently. On top of the $17,000 injected at closing, the lender and SBA expect a $3,000 reserve to remain liquid after closing, bringing total funds required to $20,000.
| Line Item | Total | Equity Injection | Financed |
|---|---|---|---|
| Licensing fee | $65,000 | $14,000 | $48,000 |
| Working capital | $99,500 | $0 | $99,500 |
| SBA bank fee | $3,000 | $3,000 | $0 |
| Reserve held after closing Not spent — must remain liquid | $3,000 | $3,000 | $0 |
| Projected cost & cash injected | $167,500 | $17,000 | $150,500 |
| Total liquid required | $20,000 |
$17,000 injected + $3,000 reserve |
— |
In other words: the buyer wires $17,000 at closing — $14,000 toward the licensing fee plus the $3,000 SBA bank fee. The buyer must also keep $3,000 in reserve after closing, so the total liquid funds required are $20,000 even though only $17,000 is invested into the business. The remaining $48,000 of the licensing fee and the full $99,500 of working capital are financed, for $150,500 in total. This financing structure is subject to change.
In plain terms: you bring $20,000 to close — $17,000 of equity toward the licensing fee plus the $3,000 SBA bank fee, which is paid on top of that equity. The other $147,500 is financed, covering the remaining $48,000 of the license plus $99,500 in working capital to fund sales, marketing, prospecting, and launch operating expenses.
An SBA-guaranteed loan is made by a participating lender, not by the Small Business Administration and not by CRA Syndicate. The SBA guarantee reduces the lender's risk, which is described as improving the prospect of approval for a qualified borrower. The lender still underwrites the loan and sets the final rate, fees, and terms.
CRA Syndicate presents the opportunity to qualified purchasers with an SBA Express structure described as: a 10-year fully amortizing term, no prepayment penalty, a variable rate tied to the WSJ Prime Lending Rate plus 2.75%, and no additional collateral beyond the business assets.
| Component | How it is described |
|---|---|
| Loan term | 10 years, fully amortized, with no prepayment penalty |
| Rate | Variable, based on the WSJ Prime Lending Rate plus 2.75% |
| Collateral | Described as no additional collateral required, secured by the business assets |
| Closing costs | Bank closing fees are described as netted from loan proceeds |
| Timeline | Bank approval described as about 1 business day, funding in 30 to 45 days |
Descriptions above reflect the program terms CRA Syndicate presents publicly as of the date this page was published. Terms are set by the participating lender and are subject to change.
These are CRA Syndicate's published qualification requirements for the SBA financing pathway:
Credit Score of 700 or higher*
$17,000 equity injection toward the licensing fee
Verification of documents (Personal & business financials & all required SBA forms)
* If below a 700 credit score, there are options that can have you approved. Our preferred banking relationship will have more details.
This estimator does not assess creditworthiness. Use it to understand the shape of a loan, not whether you personally qualify. Actual underwriting and approval remain with the participating lender and are subject to SBA requirements.
Review with counsel before relying on this page. This estimator is an educational tool, not financial, legal, tax, or lending advice and not an offer or commitment to lend. It does not constitute an application for credit. All financing is subject to borrower qualification, lender underwriting, SBA requirements, and current program rules. SBA pre-qualification is not an official SBA endorsement. Verify all terms directly with the participating lender and consult your own attorney, accountant, and financial advisor before entering any agreement.