The United States Small Business Administration has created 3 different programs for new and small businesses across America. This enables a business to go through what is called an SBA program to find a solution that fits, rather than going through the traditional and typically long drawn out banking process. With the government agreeing to cover a majority of the SBA lending institutions, funding is easily approved to aid these small businesses. SBA Loans provide some of the best rates and longest terms in small business lending.
SBA LoansUS Small Business Administration Products SBA-504 LOAN / SBA 7(a) LOAN / Microloan Program
A SBA-504 Loan (Commercial Real Estate and Equipment), A SBA 7(a) Loan (General Purpose), and a SBA Microloan program, give borrowers the ability of acquiring the highest loan approval amounts over the longest terms offered on the market. These three main SBA products give small business owners the opportunity to borrow funds for working capital, inventory, equipment, refinancing debt, real estate acquisitions or even potential growth opportunities. Many small businesses do not have the ability to supply certain demand at times and with an SBA product many companies can escalate over this burden.
Why SBA Loans?
- Longest Payment Terms
- Low Fixed Interest Rates
- High Approval Amounts
- Very Popular and Trusted Process
- 2 Months in Business
- 620 credit score
- $100,000 annual revenue
- Supports Business Credit
- No Requirements for Use of Funds
- Minimum Effect on Cash Flow
- Variable interest rates from 4.75%
- Funding within 3 weeks
- Loan amounts up to $5,000,000
- 2-25 Year Terms
- No pre-payment penalties or balloon payments
- Monthly repayments