 | Our Small Business Loan Products
Here are the highlights of our SBA small business loan programs. These loan programs are specially designed for America's seeking access to capital for small businesses. SBA loans are available in all 50 States, as well as Puerto Rico and the Virgin Islands.
Loan Amount:
SBA loans are available from $200,000 to $3,500,000+
Loan Term:
20 years to 25 years for SBA mortgage loans and 10+ years for SBA business acquisition loans
Types of Business:
Nearly all for-profit small businesses are eligible for SBA loans, including hard-to-finance properties such as gas stations, franchised restaurants, non-franchised restaurants, day care centers, assisted living facilities, funeral homes, flagged motels, non-flagged motels
Interest Rate:
The interest rate on all SBA loans are determined at the time that a commitment is issued, but will not exceed Prime + 2.75%.
Loan to Value:
Loan to Value ("LTV") up to 90%, depending on which SBA loan program is chosen.
Credit Score Requirements:
There is no minimum credit score. Not everyone has perfect credit and your credit will be evaluated on a case-by-case basis.
Loan Purpose:
SBA loans can be used for many purposes, including acquisition, expansion, refinance, start-ups, purchasing machinery and equipment, and working capital. Small business loans can be used for almost any business purpose.
Special Situations:
We are able to provide small business loans for some unusual situations. - Loans for boats, ships, and vessels used in a business, such as charter boats, fishing boats, party boats and tug boats
- Loans for buildings on land that is subject to a long-term land lease
- Loans for construction or renovation
- Loans to buy-out a partner or shareholder
- Loans for hard-to-finance business types, such as gas stations and restaurants
Contact us for more information and for a fast, no-obligation evaluation of your loan scenario. We are familiar with all aspects of the Small Business Administration guaranteed loan program for small businesses.
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