Sufficient and ready financial capital is vital in starting or expanding a small business. Many business owners face a barrage of financial challenges. The SBA was founded to create jobs in the U.S. The program has exceeded all expectation creating hundreds of thousands of jobs each year and total annual loans typical exceed 30 Billion dollars annually.
Our objective at SBA-Capital is to make it possible for our borrowers to select and obtain the best possible loan for their financial and wealth planning. Small Business Administration (SBA) loans have become an excellent source for funding businesses. The two most popular SBA loan programs:
SBA 7a Loans
The SBA 7a loan is the most flexible way to obtain financing. CarWash loans, averaging around $2.5 M, are very much in demand throughout the U S and 7a is the most popular loan used to purchase an existing car wash or ground up construction. In addition, the 7a is available for leasehold improvements, working capital, debt refinancing, business acquisition and expansion, hospitality loans, and other loans a shown on our web site.
The Benefits of the SBA 7a Loan
The reason for the SBA 7a Loan popularity is due to the many benefits borrowers receive including a 25-year loan to help reduce monthly payments. The loan also includes working capital, Inventory, interest on your construction loan, SBA fees, and closing cost. The main purpose of the SBA 7a Loan is to provide businesses with start-up funding needed that may not be available through more conventional methods. The above features has made the 7a the most widely used of all SBA loans. Visit SBA Capital’s website for more information about the SBA 7a loan.
SBA 504 Loans
SBA 504 Loans are used to finance fixed assets (can’t be used for inventory or working capital). Its maturity term is between 10 to 20 years and is typically used for loans above $5M. The program includes commercial real estate, hotel, and hospitality loans among others. Funds are used to purchase buildings, land, machinery acquisition, as well as new construction and renovations.
If you are planning to fund or support land acquisition, purchase existing buildings, provide improvements to existing land, purchase commercial under-construction real estate, or heavy equipment and machinery to manage your commerce, you should consider applying for the SBA 504 loan.
SBA Capital is a lender that thrives on providing the borrowers with a menu of the best possible SBA loans for their consideration. For over three decades, we’ve offered quality and affordable lending services that meet our clients’ short and long-term financial needs.
Contact us today at 214-726-9000 [email protected]
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