SBA Loan Program

Longer terms, no balloon payments

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

The SBA Loan Program offers a multitude of benefits that make it an attractive financing option for entrepreneurs and small business owners. One significant advantage is the lower down payment requirement, which allows borrowers to preserve their working capital for other business needs. SBA loans also offer longer repayment terms, reducing the monthly financial burden and improving cash flow management. Moreover, these loans often come with competitive interest rates, ensuring affordable borrowing costs. Another notable benefit is the flexibility of SBA loan programs, as they can be used for various purposes, such as business acquisition, equipment purchase, working capital, and real estate investments.

Additionally, SBA loans provide access to expert guidance and resources through the SBA network, offering valuable support and mentorship to help businesses succeed. Finally, SBA loans can help establish or improve creditworthiness, as timely payments contribute to building a positive credit history. Overall, the SBA Loan Program empowers small businesses, enabling them to grow, create jobs, and contribute to the economic vitality of their communities.

Who is Eligible for an SBA Loan?

Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.

SBA Loan Qualifications

Retail and service businesses with sales (3-year 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

SBA 7(A) Loan Size $150,000 to $2.0 million

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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