Does the possibility of strict loan terms stress you out? Are you frightened by the possibility of high payments that you can’t afford? Fear no more, because the Small Business Administration offers favorable terms and extended payment schedules for borrowers just like you. Say goodbye to your...
The capital you get from an SBA loan can be used for all business purposes, including buying equipment or inventory, refinancing existing debt, or opening a new location. Low Down Payments Since the SBA partially backs the financing, borrowers have the lowest down payment requirements. The ...
Explore a government-sponsored SBA loan from the Small Business Administration. Ideal for startups, entrepreneurs, and small businesses like yours.
We Help Businesses Succeed by Making it Personal. Apply easily for SBA Loans using Our Online Application with Lower Down Payment, Longer Repayment.
Bank of America can approve SBA loan requests in-house (not required to get SBA approval) with faster turnaround times saving clients weeks of waiting. PLP lenders have the tools most banks do not have, allowing them to act quickly and efficiently through the process. ...
The SBA’s loan options have slightly different requirements. Generally, however, an eligible small business must operate in the US for profit, and have owner equity to invest in a down payment. Small businesses must also try alternative financing options before seeking an SBA loan. ...
Most 7(a) loans require monthly payments, which pay off both principal and interest; prepayment penalties apply when a borrower prepays on a loan with a maturity of 15 years or more. Borrowers who have fixed rate loans will make the same payment amount; variable rate loans might fluctuate ...
If the SBA loan isn’t the right fit, your business has other options: Conventional business loans. You may want to see if your business qualifies for a conventional business loan. Online lenders often relax the criteria for approval, though they may charge higher interest rates than ...
The SBA 7(a) Loan program was designed to help you get the working capital you need to start, acquire, or expand your small business. Take advantage of lower down payment options, longer repayment terms, and more flexibility to drive your business forward. ...
SBA 7(a) Veterans Advantage Loan: A loan for businesses owned by veterans, active duty, active reserve, or spouses/widows of such individuals. Limits are up to $5 million but may include a guarantee or down payment. Best for Best for general purpose capital, equipment financing, purchasing...