SBA Express Loans are for smaller loan amounts (up to $500,000) and use an expedited review process so you can access funds quicker. 504 Loans 504 loans use long-term fixed-rate financing to fund equipment and build, improve, refinance or purchase commercial real estate.Meet...
Loan terms: up to 4 years (when secured by business assets); up to 5 years (when secured by CDs)Qualifications: Minimum 2 years in business under existing ownership; minimum $250,000 in annual revenue Go to secured term loans »
504 loans use long-term fixed-rate financing to fund equipment and build, improve, refinance or purchase commercial real estate. Meet a Business Banking Specialist near you Find abranch near youand meet with a Business Banking Specialist
Impact of Small Business Administration Lending on State-Level Economic Performance: A Panel Data Analysis Through its Certified Development Companies working with local banks, the SBA is able to provide long-term, fixed rate loans so that businesses can ......
Learn more about term loans. Additional Options: Small Business Loan Alternatives In addition to the above small business loan options, there are also several useful alternatives whether you’re a startup or established business, each with their own unique benefits. They are: Merchant cash advance...
Getting a loan for your business can be a great way to fund both short- and long-term goals. Traditional bank and SBA loans often have reasonable interest rates and approval times, meaning you can quickly use the influx of cash to address your business's needs. The profits your business ...
Next, we will discuss the different types of small business loan terms, including short-term, medium-term, and long-term loans, and the benefits and limitations of each option. Short-Term Small Business Loans Short-term small business loans are designed to be repaid over a relatively short pe...
1. 7(a) loans The 7(a) Loan Program is the SBA’s primary business loan program. The maximum amount for a 7(a) loan is $5 million. Funds can be used for: Acquiring, refinancing, or improving real estate and buildings Short- and long-term working capital Refinancing current business...
Your options for borrowing money for your business go beyond a traditional term loan to include lines of credit, merchant cash advances and other types of business loans. The business financing you choose should depend on your business and why you need the money. What is a business loan? A ...
Technology has made it increasingly easy to find lenders and get loans, but having access to that many options can do more harm than good in the long run. Decision paralysis is common for new entrepreneurs who aren’t as experienced with small business funding. To ensure you’re choosing the...