SBA 7(A) LOANS

Ongoing help when you need it most

Utilize the SBA 7(A) loan to help your business affected by the ongoing public health and economic crisis.

Low Rates

starting at 5.75%

Flexible

repayment terms up to 120 months

Options

amounts from $5K - $5M

What is an SBA Loan?

An SBA loan is supported by the U.S. Small Business Administration. It allows financial institutions to provide business loans generally with more favorable terms and sometimes more flexible underwriting criteria than conventional loans. For small business owners who may not qualify for a traditional business loan, these loans may be an ideal option.

Benefits of SBA loans

Applying for an SBA 7(a) loan can be completed in as little as 3 weeks but can take longer as SBA 7(a) loan applications require considerable paperwork. The capital obtained from an SBA 7(a) loan can be used for all business purposes including buying equipment or inventory, refinancing existing debt, or opening a new location.  The rate is adjustable (WSJ Prime + 2.75% over 10 years) We assist in gathering documents and submitting them to our SBA Funding Source(s).

  • Low Payments
    Since the financing is partially backed by the SBA, lenders are typically willing to offer a 10-year repayment schedule which provides a comfortable payment for the business.

  • Long Term Lengths
    The 10-year term length offered is usually the longest as compared to traditional financing options. Having a longer repayment period allows the borrower to repay more over the term, thereby increasing the funding amount available to the business.

  • Low Interest Rates
    Starting at WSJ Prime + 2.75%, SBA7(a) loans offer good rates through it’s approved banks and lending partners. We help navigate the approval process to secure the best possible loan options available through our SBA bank funding Partners.

  • Capital can be used for any purpose
    Financing secured through an SBA loan can be used for a wide range of purposes. Everything from buying real estate to consolidating existing debt to a lower interest rate. Debt refinanced through the SBA will typically lower payments, improving cash-flow.

  • Federally guaranteed up to $5M
    The SBA provides a guarantee to the lender for up to 85% of the total loan amount. This mitigates the risk for lenders to lend you the working capital needed.

Equipment Financing Use of Funds

A business line of credit offers flexible access to funds, allowing you to cover various needs such as:

Equipment
Needs

Inventory &
Supplies

Leasing

Rent &
Utilities

Repairs &
Upgrades

3 Easy Steps at Your Speed

A Dedicated Finance Specialist will help you through this process.

Are you looking for a true lease, a dollar buy out or an EFA? Have you already paid cash for your equipment? If you made the purchase within 60 days, our funding sources have options that may allow you to refinance the equipment purchase into a 3-5 year term loan under your business name with monthly payments.

Our team of funding specialists will assist in providing access to the best financing options and work quickly to help secure capital for your business.

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Fill out the Form: Complete the one page Verification Form so we learn more about your business.

Options Review: We will contact you to discuss your options and make you aware of next steps.

Receive Funds: We work with you and your equipment vendor or private party throughout the entire process. Sale Lease-Backs and non-titled equipment can fund in as little as 48 hours!

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Is a SBA 7(A) Loan a Good Fit for You?

Check our requirements below and see

600

Minimum FICO Score

$10K

Monthly Gross Revenue

1 Year

in business

No Bankruptcy

Personal OR Business

Note: These are general qualifications. Other information may be considered at time of application.