About SBA Loans
Our SBA loans help finance many aspects of a small business, including working capital and fixed assets. SBA Loans offers small business owners low rates and long-term funding. Whatever your financing need is, we have the right loan program for you.
LENDING PARAMETERS
Loan Amounts:
$350,000 - $10,000,000
Interest Rates:
6% - 8%
LTV:
Up to 90%
Closing Timeline:
30 to 90 Days
Credit Score:
640 & Up
Common SBA Programs:
- SBA 7a: Up to $5 million without Owner Occupied Business Real Estate.
- SBA 504: Up to $10 million including Owner Occupied Business Real Estate.
- Funding Includes:
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- Business acquisition
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- Fixed asset purchases
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- Business expansion
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- Start-up expenses
- Start-up expenses
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- Debt refinance
- Debt refinance
Qualifications:
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- Operate for profit
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- Employee size is generally 500 or lower (may be higher depending on the industry)
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- Revenue size may not exceed $50 million
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- Be engaged in, or propose to do business in, the United States or its possessions
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- Have reasonable invested equity (Or 10% down payment if loan is for the purchase of a Business or Business operated Real Estate)
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- Be able to demonstrate a need for the loan proceeds
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- Use the funds for a sound business purpose
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- Not be delinquent on any existing debt obligations to the U.S. government
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- Ineligible industries include those engaged in illegal activities, loan packaging, speculation, multi-sales distribution, gambling, investment or lending, or where the owner is on parole.