Does an SBA Loan Make Sense for Your Business Needs?

When you manage a small business, having access to capital when you need it is vital to your operations. If you’re considering a loan to provide your business with some extra working capital, learn how you may benefit from a small business loan from the Small Business Administration. SBA loans are great for small business owners and as a preferred lender through the Small Business Administration, we’re able to process your loan application quickly and efficiently so you can get back to running your business. So whether you’re just getting started with your new business or have been around fifty years, your small business may benefit from an SBA loan.

Benefits

SBA loans offer small business owners several benefits, including:

  • Loan amounts of up to $5 million
  • Flexible rates and terms of up to 25 years with full amortization and no ballooning
  • No prepayment penalties if you choose to pay your loan off early
  • Financing of up to 90%
  • Prequalification in as little as 48 hours

Finance all your Needs

One of the greatest benefits about SBA loans is that it can financing all your needs, even equipment. Some examples of equipment covered by SBA loans include:

  • Diagnostic equipment
  • Trucking equipment
  • Heavy machinery
  • Laundry and dry cleaning equipment
  • Manufacturing equipment
  • Printing and binding machinery
  • Medical equipment

Suited for all Industries

Whether you work in hospitality, childcare, medical profession, or retail, our SBA loans can cover all types of industry needs. We can even provide financing if you’re looking to build new, purchase existing, or renovate property. Some property types covered by SBA loans include:

  • Hotels and motels
  • Car dealerships, gas stations, car washes, and auto repair shops
  • Veterinary practices
  • Single-purpose buildings
  • Nonconforming properties
  • Child care facilities

We understand that your time as a business owner is valuable, so we’ll make the process easy by sending you a loan application or meeting with you when it’s most convenient to go over your business and loan needs. Contact us today to set up your appointment or to begin the application process.