WORKING CAPITAL INJECTION to support your successful and profitable business is not uncommon and presents a challenge growing companies must deal with daily. You may need more capital for additional inventory, purchase updated tools and machinery, increase your research equipment and personnel, acquire a key supplier, and the list is endless. Contact SBA-Capital and visit with their “Equities Department” to discuss the best Working Capital and SBA Business Loan for your specific needs. Business Financing is what SBA-Capital does, and their passion is “CREATING CUSTOM SOLUTIONS” for their borrowers.
The LOAN AMOUNT of your Working Capital and SBA Business Loan are calculated based on your business needs and financial ability to service the debt. SBA-Capital provides financing starting at $100K to a max amount of $5M. The loans most often requested range from $500K to $2M. Your Equities expert at SBA-Capital will assist you in determining the “correct amount of working capital injection your business needs,” and they will provide you with statistical data showing if you “have the financial ability to take on and support the debt.”
FINANCE 100% of your Working Capital loan provided you “prove up the need for a specific loan amount” and your financial statements support the fact your company can support the additional debt. The borrower receives an estimate of the closing costs and administrative fees when the loan is approved. The exact number is determined before closing which the borrower will be required to pay from their funds upon loan closing.
LOAN IS AVAILABLE for your working capital needs because lenders recognize your business has performed well and your earnings have stabilized providing a good track record making the lender comfortable when reviewing the loan request. The lender will now ask the borrower to “prove up” how the requested working capital will allow the company to maximize future growth and profits. Your SBA-Capital loan specialist, working closely with you (the borrower), will prepare an analysis showing how all new funds are invested and provide a business plan showing how the new funds will safely grow the company and increase earnings.
HOW DO I QUALIFY for a Working Capital loan is determined by your ability to present a loan request that properly illustrates how well the company has done in the past and a written business plan projecting the amount of new working capital required. You will also be required to explain how the infusion of working capital will help grow the company and increase earnings? SBA-Capital prepares loan request packages as described above upon a request from our borrows.
NO PREPAYMENT PENALTY on the Working Capital and SBA Business Loan when you choose to pay off the loan. You may not need the loan in the future because you can fund your capital requirements from earnings, you may want to sell and simply retire, or sell and diversify your business holdings. Regardless, You will not be required to pay a pre-payment penalty.
YOU WILL NEED A BUSINESS PLAN as discussed throughout the blog should you decide to request a Working Capital and SBA Business Loan. SBA-Capital will be happy to assist you with the Business Plan that would include the following:
- The borrower must illustrate why they need the Working Capital and the specific dollar amount.
- Your plan must show how the borrowed funds will provide a fair ROI.
- The borrower must show, based on past earnings plus the increased earnings from the Capital injection, that the company can service the debt.
SBA-Capital, using financial and business data from your staff or CPA, will create your business plan and loan request if you like because that is what we do daily. Years ago, we adopted the phrase “Business Financing is what we do and Creating Custom Solutions is who we are.” As we create each Working Capital and SBA Business Loan request, we certainly rely on our 35 years of banking to CREATE CUSTOM SOLUTIONS FOR YOUR SPECIFIC BUSINESS.
SBA was founded to help the local business person and 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.
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Contact us today, we can help. Specializing in Small Business Administration Loans | (214) 726-9000 | Hershel Pierce pierce.pavbank@gmail.com