Would Your Business Benefit From an SBA Loan?

First Envision Commercial Capital Partners works with the Small Business Administration to offer small business loan options to a variety of businesses. If you are looking for a way to help your company thrive, consider whether this type of loan is right for you.

How to Qualify

To qualify for an SBA loan, you must prove that your business has a positive cash flow and that you manage it well. If you can do this, you can prequalify in as little as two days. SBA loans offer financing of up to 80 percent, are amortized and have 15-year terms. Unlike many loans, small business loans do not penalize you if you are able to pay them off early.

How Much to Expect

The amount of money you qualify for largely depends on the size of your company and how long you have been in operation but you can often receive hundreds of thousands or even millions of dollars with flexible terms. Financing may even be available for up to 90 percent with 25-year terms as part of the 7a and 504 programs.

How to Use the Money

Every business owner chooses to use his or her financing differently. You may decide to use it to expand your company, renovate your current property, advertise or hire new employees. Some decide to use it to purchase inventory. Still others use it to cover equipment financing, including:

  • Machine tools
  • Laundry and dry cleaning equipment
  • Heavy equipment
  • Diagnostic equipment
  • Printing and binding machinery
  • Manufacturing equipment
  • Medical equipment
  • Trucking equipment

The Types of Companies That Benefit

Companies in nearly any industry can benefit from SBA loans. Whether you operate a car dealership, run a hotel or motel or operate your own child care facilities, you are likely to benefit from this type of financing. To learn more about obtaining a small business loan, get in touch with First Envision Commercial Capital Partners today.