Options for SBA Loans that Work for your Business

The U.S. Small Business Administration (SBA) lending program has many opportunities through which to grow your business and finance your expansion needs. SBA programs help ensure that small business can access similar competitive rates and programs that larger companies can leverage. Typically, you can get a favorable fixed rate. Preferred Capital Funding is here to help your business with SBA Loans and other financing needs in Conyers, Georgia.

Am I Eligible for an SBA Loan?

Whether you’re a small business, entrepreneur or other professional, you can check your eligibility for SBA programs. Preferred Capital Funding is here to help an array of small-to-medium sized businesses qualify. The SBA defines a small business in adherence with regulations established by the Code of Federal Regulations. You may contact us for assistance in, for example, manufacturing, wholesale, service, or professional and retail companies or business lines. The SBA may fund the following types of expenses:

• Land and other improvements (particularly for owner-occupied buildings)
• Street improvements or grading
• Utilities
• Parking lots or landscaping
• Construction of new facilities
• Modernization, renovation, or conversion of existing facilities
• Purchases of durable equipment or machinery with a life of at least 10 years, and
• Soft costs like professional and legal fees, environmental studies, appraisals, and interest fees on the construction and/or interim bank financing.

There are many different loan programs with the SBA. Preferred Capital Funding is here to work with you on your unique business needs. Read more below for details on the various types of loans.

SBA 504 Loans

SBA 504 Loans are for companies looking to purchase production space or other assets. They allow you to purchase buildings or assets at below-market interest rates. SBA 504 loans often get structured and funded with a private lender. The SBA and your lender can help you get a 10 year loan with a fixed or variable rate. The SBA 504 program offers small companies a great way to save on up-front costs.

SBA 7(a) Loan Guaranty Program

Some businesses in operations are focused on growth and need working capital, new inventory, debt refinancing, and more. These needs may be met through the SBA 7(a) Loan Guaranty Program, one of the largest programs of the SBA. This program helps businesses access the financing they need when other means are not coming through. The government will also guarantee a percentage of the loans. Businesses can borrow up to $5 Million through this program and there is no minimum loan amount. The SBA has many other programs and also keeps relations with preferred lenders, new lenders, and express lenders for their funds. Get the help you need today with SBA Loans: contact Preferred Capital Funding in Conyers, Georgia.