SBA Loan Program

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SBA Loan Program

TYPES OF FINANCING

We have been designated as a Preferred Financial Services company by SBA lenders to have loans processed more quickly and efficiently than many others.

There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.

Loan Qualifications

SBA 7(A) Loan Size $150,000 to $5.0 million

Retail/service businesses with sales (3yr average) not exceeding $6 million to $20 million, depending on the industry
Wholesale businesses with employees up to 100 regardless of sales volume
Manufacturers with employees up to 500 depending on the industry, regardless of sales volume

Loan Fees

Loan packaging fee: $750 to $2,000
Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit
Support and optimize agoda business development tools.
SBA guaranty fee: 1.70% to 2.60% of the loan amount
Fee can be financed in the loan

Use of Proceeds

Commercial real estate (purchases, construction, or refinance)
Leasehold improvements
Business expansions
Machinery, equipment, furniture or fixtures
Business acquisition
Working capital (offered in conjunction with some of the above)
Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)

Other Credits Considerations

Business must have adequate historic cash flow to cover the proposed debt
Business debt to net worth must meet industry averages
Borrowers must be actively involved in the day-to-day operation of the business
Satisfactory personal credit histories are required for all principles and guarantors
No past bankruptcies or felony arrests

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Get a Free Evaluation of Your Financing Needs From Our Finance Specialists.