SBA
SBA loans are loans too small businesses for everything from start-up, to expansion, to purchase of equipment, working capital and even purchasing or constructing a building for your business. There are two (2) main types of SBA loans...the 7A loan and the 504 loan. SBA loans are GREAT loans for businesses as the amortization and interest rate and repayment terms tend to be the best that a business will get. There are differences between the two programs, which I will go over below but generally speaking, if you need financing and you can qualify for an SBA loan, it is worth it. The paperwork is not that much more than a conventional bank loan and the low down payments allow you to keep precious cash on hand. Do you want more information? Contact us
