SBA Loans
If you are looking for a small loan with low-interest rates and extended repayment terms, an SBA Loan may be the right fit for you.
Guaranteed by the Small Business Administration, SBA Loans are backed by the government to provide capital protection and reduce lender risk. Many businesses seek working capital to cover business expansion, inventory costs, and more! These loans typically range from as low as $500 to up to $5.5M. There are three types of SBA Loans – 7(a), 504, and microloans.
7(a) – This loan is the SBA’s main loan program offer. They are commonly used to purchase real estate but may also be used for working capital, debt refinancing, or the purchase of inventory supplies.
504 – This loan provides capital for major fixed assets like existing infrastructures or land, new facilities, or long-term machinery and equipment. 504 loans should not be used for working capital, inventory, or other day-to-day uses.
Microloans – This loan is intended to assist small businesses at the beginning of their journey. These funds can be used for working capital, inventory, machinery, equipment, or other supplies needed to conduct business.
