Small Business Administration (SBA) Loans provide small businesses with financing for major fixed assets, such as real estate and/or equipment. These long-term loans are made through trusted CDC's (Certified Development Companies), which are SBA's trusted community partners. 504 funds, or the SBA loans received for real estate, can be used to either purchase land for developing new buildings, purchase existing buildings, improve existing buildings, and/or purchase better equipment for your business. You could also refinance debt associated with buying or renovating equipment or facilities. The loan terms vary depending on the reason you have for acquiring the loan. To qualify for an SBA loan, your business must be considered a small business under SBA standards (net worth of less than 15 million) and it must operate for profit.
Contact us today if you believe SBA loans are right for you!