Business loans
SBA loans with longer terms and no balloon payments
Government-backed funding for established small businesses, processed through lenders that work with us regularly so your file moves faster.
We work with SBA lenders that process our clients’ loans quickly and efficiently. An SBA loan carries real advantages over conventional bank debt: longer terms, no points, and no balloon payments.
Who is eligible
Most for-profit small businesses qualify for an SBA-guaranteed loan, including manufacturers, wholesalers, retailers, service businesses, and independent or franchise operations.
Loan qualifications
- Retail and service businesses with three-year average sales under $6 million to $20 million, depending on the industry
- Wholesale businesses with up to 100 employees, regardless of sales
- Manufacturers with up to 500 employees, depending on the industry, regardless of sales
- SBA 7(a) loan size: $150,000 to $2 million
Loan fees
- Loan packaging fee of $750 to $2,000, based on loan size, collected at submission and refunded if the loan is declined by credit
- SBA guaranty fee of roughly 1.70% to 2.60% of the loan amount, which can be financed in the loan
Use of proceeds
- Commercial real estate purchase, construction, or refinance
- Leasehold improvements and business expansion
- Machinery, equipment, furniture, and fixtures
- Business acquisition
- Working capital, in conjunction with the above
- Start-ups, including franchises, motels, restaurants, gas stations, and convenience stores
Other credit considerations
- The business must show adequate historical cash flow to cover the proposed debt
- Business debt to net worth should meet industry averages
- Borrowers must be actively involved in day-to-day operations
- Satisfactory personal credit history for all principals and guarantors
- No past bankruptcies or felony convictions
If your personal credit is the obstacle, our credit repair service can work on it while we prepare your application.