SBA loans provide your small business with a way to obtain fiancing even when your collateral doesn’t meet conventioan lending standards.
Benefits Of SBA Loans
Flexible terms
- Option for interest only periods
- Lines of credit with seven year commitments – non-SBA lines typically are one year
- No balloon payments necessary
- Limited pre-payment penalties
Minimal costs
- Minimal loan packaging and SBA guaranteed fees
- No points or origination fees
- Interest rate caps based on deal size
Keeps cash in your business
- Low monthly payments and flexible terms – as long as seven years for working capital, 10 to 15 years for equipment, and up to 25 years for real estate
- Low down payment required
- Allows for up to 90% financing for new purchases and offers solutions for financing soft assets such as goodwill
- Ability to finance closing costs versus paying them out of pocket
Since SBA loans are a quick and sometimes intelligent way to leverage business credit, I constantly keep updated on rates and news regarding SBA loans.
Here Are Some Useful Articles on SBA Loans
When a conventional loan is not possible, a 504 loan may be the answer. The SBA 504 Loan Program gives small business owners the following advantages: generally a lower down payment; below- market, fixed rate financing, which avoids the …
Todays Sba Loan Tip: Sba Loan Requirements Vary By Lender
Today’s SBA Loan Tip comes from Andy Dobrov at Premier Business Opportunities:"Everyone in my circles talks about the fact that equity lines have dried up recently and that SBA loans are far more difficult to get than they were just six …
Todays SBA Loan Tip: Not All SBA Lenders Play By The Same Rules
"Everyone in my circles talks about the fact that equity lines have dried up recently and that SBA loans are far more difficult to get than they were just six months ago. In spite of the gloomy anecdotes, I just completed a Quiznos …
But the confusion surrounding SBA loans may perplex or frustrate even the most astute entrepreneur. Conflicting information from your trusted advisors or the internet may not help to bring you closer to separating fact from fiction. …
Patriot Express – SBA Loan Program for Veterans
The SBA introduced the Patriot Express Pilot Loan Initiative in June 2007, modeling the program after its Express Program started in 2002. This federal program turns military veterans into entrepreneurs, recognizing their …
Procuring a Small Business Loan through the SBA
The SBA guarantee loan program works much in the same way as a student loan guarantee. The loan is actually procured through a commercial lending facility. However, the SBA helps by offering their guarantee to the lender. …
Fed – Tighter Standards for Small Business Loans
Need help finding the right lender or telling your story the right way? Read "Matchmaking for Business Loans" and give me a call! Tags : Federal Reserve , small business , business loans , factoring , asset based loans , SBA.
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