The SBA 7(a) loan is the perfect option for multiple financial needs of the typical small business! This works well for both existing businesses and start-ups. As such, our firm specializes in structuring and funding SBA 7(a) loans. We can do them NATIONALLY, and the process is fast and efficient (with most deal closing within 45-60 days).
If you are looking to:
- Buy a franchise (restaurants, hotels, insurance agencies, etc)
- Buy equipment (trucks or otherwise)
- Expand your existing business
- Improve cash flow
- Refinance debt
- Complete improvements
- Purchase equipment or real estate
Additionally, these loans:
- Access up to $5 million in capital
- Get terms as long as 25 years
- Fixed or variable rate term loan
- 10% down payment in most cases (15% for some start-ups or special use properties)
- Up to 90% financing
The terms are generally as follows:
- Up to 10 years for working capital
- Up to 15 years for equipment
- Up to 25 years for real estate
Maximum Interest Rates:
- Prime plus 2.25% for maturities under 7 years
- Prime plus 2.75% for maturities of 7 years or longer