We're here to help

Got any questions?

There are more options out there too! We are ready and waiting to help you access the best possible funding for your business.
So whether you need a loan to finance your property, to recover from an unexpected disaster or to update your machinery, we can find you the perfect option.

FAQ’s

What you’ve always wanted to know about SBA loans

There are more options out there too! We are ready and waiting to help you access the best possible funding for your business.So whether you need a loan to finance your property, to recover from an unexpected disaster or to update your machinery, we can find you the perfect option.

Contact Us

What is an SBA loan?

An SBA loan is a government small-business loan that can help cover startup costs, expansions, real estate purchases and more. This type of loan is issued by a private lender but backed by the federal government.

What is the SBA?

The US Small Business Administration is an independent agency of the federal government. It was created to aid and protect the interests of small businesses like yours.

What is called a “small” business?

That’s a hard question to answer in short! Every industry has its own criteria for being considered small. It may be connected to the number of employees you have or to your overall profit, to your location or to your credit score. Fill in an application (link) and we’ll let you know if you’re eligible. 

What are the conditions for an SBA loan?

That’s where we can help you! Understanding the different types of loans, their conditions and what would work best for your business is our expertise. 

What paperwork do I need to apply?

There’s the basic stuff like your business license and then you’ll need:
• 2 years of business tax returns
• 2 years of personal tax returns
• YTD P&L statement
• YTD balance sheet
• Debt schedule
Some loans have more rigid requirements than others but don’t sweat the small stuff! Get in touch and we’ll guide you through it.

Take your pick!

Common types of SBA loans.

So you can get the perfect loan for your business.

SBA 7(a) loan*

USED FOR

• Long and short term working capital
• Buying Land
• Financing construction
• Expanding an existing business
• Refinancing your existing debt
• Buying machinery, furniture, supplies, or materials

More details

A 7(a) loan is an ideal loan because of it’s flexible conditions.If you need cash access ASAP, the Express loan may be just the thing you need. A sub-type of the 7(a) loan program, the Express loan needs less documentation so you can get it processed within 36 hours! BUT it can take 30 days or more to actually get the funds through…..

*Including Express and
Small Loan 7a program
Check my eligibility

A 504 loan

USED FOR

• Buying an existing building
• Building a new facility
• Renovating an existing facility
• Buying land
• Making land improvements
•  Buying long-term machinery
•  Refinancing debt incurred through the expansion of your business or renovation of your facilities or equipment

More details

Qualifying for a 504 can be a bit more complicated and you’ll have to provide a clear, detailed plan of your projected costs. When your loan is funded, the lender covers 50% of your costs and the SBA covers 40%. You’re responsible for covering the last 10% straight off. You also are required to personally guarantee at least 20% of the loan.Having said all that, there are some really nice perks to the 504 plan! 90% financing is only the beginning. You can also get longer amortizations, fixed interest rates and no balloon payments.

Check my eligibility

Disaster loan

USED FOR

•  Physical disaster damage
• Mitigation assistance
• Economic injury
• Military reservist hardship

More details

Life happens. Covid happens. Hurricanes happen. Your staff goes on reserve duty. And rebuilding can be a tough proposition. That’s where Disaster Assistance comes into play. You can get a loan with low interest, long term repayment to fix things up and tide your business over until you’re back on your feet.

Check my eligibility