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