SBA Lending
SBA Guaranteed small business loans ranging from $50K - $2MM
General Loan Parameters
- Loan sizes from $50k - $2mm
- Variable interest rates tied to prime
- Limited or no prepayment penalties
- 100% financing considered
Acceptable Uses of Proceeds
- Expand or acquire a business
- Purchase equipment
- Finance business expenses
- Purchase owner occupied real estate
- Leasehold improvements
- Refinance existing business debt
Loan Terms
- Varies depending on use of proceeds
- 10 years for general business purposes
- 15 years to purchase equipment
- 25 years for acquisition or refinance of commercial real estate
Industry Types (including but not limited to)
- Multi-use real estate
- Special purpose properties
- Gas station/C-Store
- Retail Service businesses
Source: The Small Business Authority - (866) 820-8920