Benefits:
Fixed or variable rates
Flexible terms and downpayment options
No balloons
Relaxed collateral requirements
Reduced borrower equity
Loans up to $5 million
Flexible terms and downpayment options
No balloons
Relaxed collateral requirements
Reduced borrower equity
Loans up to $5 million
Uses for an SBA Loan:
Purchase equipment
Purchase or refinance commercial real estate
Fund construction or improvements
Purchase or expand a business or owner buyout
Fund working capital or inventory
Purchase or refinance commercial real estate
Fund construction or improvements
Purchase or expand a business or owner buyout
Fund working capital or inventory
Requirements:
Must be for-profit
Personal guarantees
Management experience in the business
Business owners and partners must be of good character
Personal guarantees
Management experience in the business
Business owners and partners must be of good character