Get Started With SBA Loans
(Reliable Solution for Business Funding)
Established businesses with tax returns showing good revenues and profitability can get very large sums with Secured Small Business Loans from the Small Business Administration.
SBA loans can go up to $5,000,000. SBA offers several programs including 504 and 7(a) loans. Use SBA programs for many purposes including buying a new business, partner buyouts, real estate acquisition, and even working capital.
The SBA will require certain documentation to qualify. This includes business and personal financials, resume and background information, personal and business credit reports, a business plan, bank statements, collateral, and other documentation relevant to the transaction. Approval amounts vary based on the collateral a business has and the amount of net profit reflected on their tax returns. Total time to close these loans is about two to four months.
SBA loans offer some of the longest payback terms available for business financing. You can secure loans for 10, 15, even 20 years with SBA, and get one of their popular CAPLines. In many cases interest rates are as low as 5 – 6% on the financing you secure
Below are the requirements to qualify for SBA Loans: