Helping Small Businesses with an SBA Loan
For many aspiring entrepreneurs, the funds available through a federal SBA loan are their best chance at getting their businesses off of the ground and on their way to making a profit. This type of financing is available exclusively to small businesses to help purchase commercial or industrial real estate, acquire another business, or finance the purchase of business equipment. Yet many are unaware of exactly how to initiate this process, and working with traditional lenders can end up delaying the arrival of their startup funds. If you’re looking for a small business loan, look to us at B2B Capital Funding LLC to get the process started for you.
As an SBA Preferred Financial Services Company, we at B2B Capital Funding LLC can help get your business to the market faster than many of your competitors. We work exclusively with Preferred SBA lenders to whom the federal government has delegated approval authority. That means that your loan application will be processed much faster than through traditional channels.
SBA Loan Options
There are two types of loans available through the SBA program. Which loan you qualify for depends on your net operating income (NOI) and your company’s current value. Your B2B financial expert can give you more details on the requirements.
SBA 7(a) Small Loan Advantage Program:
A 7(a) Small Loan Advantage loan can be used for most business expenses from $5K to $150K. Our Automated online application loan process just takes minutes. Funding in as few as 5 days. SBA can guarantee as much as 85 % on loans of up to $150,000.
LEARN MORE ABOUT OUR SMALL LOAN ADVANTAGE PROGRAM
SBA 7(a) Loan Program:
7(a) Loan: A 7(a) loan allows for the purchase of most business and property types, with up to 75% financing available. Borrowers can also get up to 75% financing for business acquisition, and 100% for equipment acquisition or debt refinancing. Loan amounts range from $151,000 to $5 million.
| Loan Size | $150,000 to $5,000,000 Up to 1.2M Goodwill allowed 75% LTV |
| Interest Rate | Max. Prime rate*plus 2.75% |
| Term | 25 yrs for /real estate, up to 10 yrs for equipment, 7 yrs working capital no prepayment penalty |
| Payment | Monthly payments, debited from business checking account |
| Security Required | Fully Collateralized (business and personal) Personal guarantee of owners 20% ownership |
| Timing | Full Application, loans typically fund within 60 business days after application is complete |
| Fees | Referral and packaging fees: 2 – 4% of the loan. |
| Typical Businesses | In business 24 months or longer or Equivalent business experienceProduct, service, manufacturing, retail, medical, contractor, among many others
$50,000 to $5,000,000 in annual revenue with cash flows to support loan payment 1 to 20 employees |
504 Loan Program:
With a 504 loan, you’re also allowed up to 90% financing for real estate purchases, as well as 80% for equipment acquisition. The chief difference from a 7(a) loan is the loan amount available. Those who qualify may get up to $12 million. There is also the option of a second mortgage available through this program.
Your Preferred SBA Financial Services Company
The market is calling to you, so why wait any longer than you have to in order to get the federal financing that you need. Trust us hat B2B Capital Funding LLC to get you your SBA loan quickly and efficiently. To start the loan application process, call one of our financial experts today.