SBA loans are a great way to finance a business. Whether purchasing, developing or expanding, an SBA loan may be the perfect option for your business.
Low Down Payment – As little as 10%
Up to 25 year term
Loans amounts to $5,000,000
Purchases / Development / Expansion
SBA Lending Options
The SBA’s most popular and flexible loan program
Uses include:
- Working Capital
- Debt Refinancing
- Equipment Purchase
- Commercial Real Estate Purchase
- New Construction
- Leasehold Improvements
- Furniture and Fixtures
- Business Acquisition
- Franchise Purchase
- Marketing / Advertising
- Hiring
Terms:
- Up to 25 years for loans that include commercial real estate
- Up to 10 years for working capital loans
Qualifications:
- Credit score - 680 or over
- No recent BKS, foreclosures or tax liens
- Collateral
- 10% down payment minimum
Loan Amount:
- Up to $5,000,000
Potential loan solutions for your small export business
SBA Export Express Loan – Up to $500k in working capital for exporters
SBA Export Working Capital Loans – Up to $5 million to fund export transactions
SBA International Trade Loans – Up to $5 million in working capital for exporters
Terms:
- 3 - 25 years
Qualifications:
- Credit score – 660+
- No recent BKS, foreclosures or tax liens
- Business must be an exporter
Loan Amount:
- Up to $5,000,000
Another loan option from the SBA for commercial real estate
Uses include:
- Buy commercial real estate (land and buildings)
- Commercial Real Estate Improvements
- Construction of new facilities
- Renovation/updating of existing facilities
- Conversion of existing facility
- Long lifespan equipment and equipment
Terms:
- Up to 20 years
Qualifications:
- Credit score - 680 or over
- Must meet job creation goals
- Real estate must be 51%+ owner occupied
- 10% down payment minimum
Loan Amount:
- Up to $5,000,000
Lines of credit programs offered by the SBA.
Seasonal Line of Credit – Used to help with seasonal fluctuations in cash flow
Contract Line of Credit – Used to finance materials and labor associated with assignable contracts
Builders Line of Credit – Used to finance land, materials, labor, permitting and equipment by contractors for building and/or renovating residential or commercial buildings
Standard Asset-Based Line of Credit – Used to finance short-term assets like invoices (also see our factoring options)
Small Asset-Based Line of Credit – Similar as Standard Asset-Based LOC but limited to $200,000
Uses include:
- Seasonal or short term working capital needs
Terms:
- Up to 5 years
Qualifications:
- Credit score - 660+
- No recent BKS, foreclosures or tax liens
- Must use AR, inventory, POs and/or contracts for collateral
Loan Amount:
- Up to $5,000,000