Small Business Loan Financing

Small Business Loan Financing

SBA Loans Made Easy

From time to time, small businesses need extra financial support in the form of loans and credit lines. A small business loan is often a fantastic option for companies who require a fast and efficient lending process.

 

Types of SBA Loans

The SBA funds these loans, which include excellent rates and support programs. In many cases, the funding must be spent on a specific business function or process. The main types of loans include:

  • Commercial and industrial real estate financing
  • Business acquisition loans
  • Equipment leasing and financing
  • Other loans up to $5 million

The terms, amounts and rates vary with the loan distinction and the financial standing of the borrower. The qualification criterion varies as well, but our financial professionals can help guide you to the most suitable option.

7(a) Loan Program

We specialize in long-term small business financing and the 7(a) loan is one of our popular programs. Benefits of the program are as follows:

  • Up to 90 percent financing for acquisition, construction and refinancing
  • Up to 100 percent financing equipment purchase and leasing
  • Up to 25 year terms for real-estate financing
  • Fully amortized loans

Borrowers who partially occupy commercial real estate may be eligible depending on the size of the company. Generally, the enterprise must have annual sales below $6 million, fewer than 500 employees for manufacturers and less than 100 employees for service businesses.

504 Loan Program

To qualify for the 504 loan program, borrowers must have a for-profit business and partially occupy commercial real-estate. The funds can be used as a first or second mortgage as well as for equipment purchase and real estate improvement. Financing can range from $100,000 to $5 million.

Get Started With Us Today

If you would like more information on your eligibility for small business loans, give us a call or send us an email to speak with one of our financial professionals. We look forward to helping you find the best solution for your company.