SBA business loans
There is no denying that small businesses and startups are the driving force of the country’s economic growth. They generate lots of new jobs and pay the huge amount of money in taxes. However, small businesses often face financial burdens, and thus take on crippling debts they can’t get out of. To avoid traps of that kind, entrepreneurs may want to make use of an SBA loan program. Even though some find it too challenging to qualify for, it is still considered to be one of the best options for additional funding.
SBA stands for Small Business Administration, a government agency in the U.S. that aims at supporting small businesses. It provides a myriad of loan programs of up to $5 million, depending on what you need the money for. On the whole, these funds can be used for day-to-day commercial operations, expansion, equipment investments, debt refinancing, and even real estate purchases. Regardless of the intended purposes, Small Business Administration loans are known for their low interest rates and favorable repayment terms.
Capital for Business is your reliable SBA loan lender
If you are looking to apply for an SBA loan for business, Capital for Business is the company you need. We are an authorized lender of these loans and have everything it takes to encourage your company’s growth. When teamed up with us, you will be offered an opportunity to dramatically contribute to the success of your business – be it an auto repair shop, restaurant, or grocery store.
What sets Capital for Business apart from high-street banks and other lenders is that we realize how important it is to get extra funding as soon as possible. That is why we channel our efforts into facilitating both the application and the approval of SBA business loans. With us, you no longer need to deal with mountains of paperwork and wait for months. We make everything easier to prevent bureaucracy from gumming up the issuance process.
As a borrower, you will also benefit from:
- highest loan amounts;
- lowest APRs;
- long repayment periods of up to 10 years;
- lots of available loan types;
- 3-step application procedure allowing you to receive funds in a matter of days.
Types of SBA loans for business
There are many loan programs offered by the Small Business Administration through authorized lenders. The most common of them are:
- 7(a) loan program providing funds for working capital;
- 504 loan for buying real estate or facilities;
- CAPlines program for lines of credit;
- Microloans which are suitable for amounts that do not exceed $50,000.
With all those loan types guaranteed by the SBA, business owners may have a hard time finding the one that perfectly meets their needs. If that is your case, you will be better off consulting your loan specialist at Capital for Business. We will help you choose the best option, taking into account your company’s revenue and the intended purposes of financing.
Forget about banks and their month-long approval process. Here we provide SBA loans for existing business in less than no time!