SBA Loan Programs

An SBA loan can help in financing business acquisitions, commercial real estate, construction and renovation, furniture, fixtures, machinery and equipment.

Benefits of SBA Financing: 

• Longer loan terms - up to 25 years
• Lower down payments
• No prepayment penalties for terms less than 15 years

7(a) General Loan Program: 

• Financing for leasehold improvements, real estate purchases and business acquisitions
• Limited loan covenants
• No balloon payments
• Terms up to 25 years
• Loans starting from $250,000

504 Program: 

• Term loans of 10 years or 20 years
• Financing for fixed assets including real estate, improvements, construction, renovation and long term equipment purchases
• Low fixed-rate financing
• Low equity injections - usually 10% to 20% down payment
• Loans starting from $500,000
• Permissable debt refinancing when involves business expansion

http://smallbiztrends.com/2016/01/access-capital-among-top-focuses-new-sba-report.html

https://www.sba.gov/content/sba-loans

https://www.sba.gov/category/navigation-structure/loans-grants