Is your business growing but you don’t have the cash flow to keep up with demand? This loan is designed to help growing businesses get the working capital they need—fast. You can pre-qualify for financing in as little as ten minutes.
Working capital loan gives business owners the working capital to buy equipment, get working capital, stock inventory, hire staff and more.
Why a Working Capital SBA Loan is Worth It
Business owners have many working capital financing options, but due to high rates and aggressive repayment terms some short-term financing can be more of a burden than a help. SBA working capital loans remain one of the best working capital options out there for small business owners. Below are of some of the major benefits to getting an SBA working capital loan.
Quick Approvals and Processing
Processing is and approval is quick.
Affordable Terms
SBA loans come with low interest rates—especially compared to some other quick turn-around lending options—meaning that your short-term loan won’t cause long-term financial hardship. Working capital SBA loans also have longer repayment periods, with terms of up to ten years. Together, these terms ensure your monthly loan payment is manageable and you still have the cash to cover your day-to-day expenses.
Flexible Use of Proceeds
There are a ton of things that you can do with a working capital loan, like stabilize cash flow, stock up on inventory, hire a new employee, market a new product, purchase new equipment, and more.
Upgrade Your Equipment and Still Have Cash to Grow
You get the critical equipment you need to generate more revenue, cut labor costs and scale your business. With low rates and flexible terms allow you to invest in the equipment you need without restricting cash flow.
Why Equipment Financing Is Worth It
When considering equipment financing it's important to determine if the return on investment justifies the initial cost. While saving to pay for equipment in cash may feel smarter and less of a risk, it may frustrate your business growth.
Maintain Cashflow
Equipment financing at low rates and flexible terms means your monthly payments won’t eat up all your revenue. You will still have enough cash to cover operating costs and to invest in your business.
Reduce Labor Costs
When you have the right equipment, you get jobs done faster and you use labor more effectively. This allows you to reduce labor costs and finish jobs on time.
Generate More Revenue
Having the correct equipment for the job gives your business the upper hand when bidding on projects. And when your business gets more jobs or bigger, better projects you generate more revenue.
Get a Tax Deduction on Purchased Equipment
Under the 179 section of the IRS tax code businesses can deduct the purchase price of equipment purchased or financed during the tax year.
Build Equity in Equipment
Equipment financing allows you to build equity in your equipment. You can later use this equity as collateral to finance your next equipment purchase or upgrade.
Pay Less Interest, Save More
Equipment financing at competitive low interest rates with flexible terms. This allows you to pay off your equipment financing faster and pay less interest overall.
Affordable Business Financing
Since 7(a) loans are backed by the Small Business Administration (SBA), lenders are able provide lower interest rates and longer repayment terms compared to other business financing options.
Because you pay less in monthly interest with an SBA 7(a) loan, you have the cash flow to successfully operate and grow your business.
Get Fixed Rates for Commercial Real Estate and Equipment
The SBA 504 loan is designed to finance long-term fixed assets like commercial real estate and equipment. You can use a 504 loan to purchase and renovate an existing building, buy land and finance ground-up construction, purchase new equipment, or pay off debt incurred from these purchases.
SBA Construction
SBA Construction and USDA B&I loans are perfect for those looking to start construction on a new location. With flexible payment terms and affordable interest rates, we structure each loan with your business in mind. Plus, each loan is approved in-house, which means less waiting and a faster start to your build.
Purchase Commercial Real Estate with Flexible and Affordable Financing
When you need to combine commercial real estate with a business acquisition or working capital—we’ve got you covered. The flexibility of our SBA 7(a) loan allows us to finance multiple assets or projects, up to $5M, with just one business loan.
Not only is our 7(a) SBA loan versatile, but it is affordable. With low rates, terms up to 25 years and as little as 10% down, it is one of the most affordable ways for small business owners to purchase commercial real estate.
Many lenders are only comfortable financing general and mixed-use commercial real estate. Unlike other lenders, our niche is financing special use commercial real estate like assisted living facilities, hotels, restaurants, car washes, gas stations and more.
As a Top 5 Preferred SBA Lender, we approve loan applications in-house, which accelerates your time to funding. Let us finance your commercial real estate purchase today.
Features of a Commercial Real Estate Loan:
Why Buying Commercial Real Estate with an SBA 7(a) Loan is Worth It
Depending on loan size, 7(a) loans are backed up to 85% by the SBA. This means less risk for your lenders and better approval odds for you. They are also great options for purchasing commercial real estate—here's why:
Special Use Properties
Often, lenders will not finance real estate they consider to be “special purpose” properties—such as hotels, car washes, hospitals, funeral homes, golf courses, and more.
These lenders worry about being able to sell the property profitably in the event of bankruptcy and may not accept your loan application. However, these properties do qualify for commercial real estate financing; you’ll just need to find a lender finances them every day—That’s our job to find them and make them compete for your business.
Lower Down Payment
The biggest benefit of going with an 7(a) SBA loan for commercial real estate is the low down payment requirement, which is can be as little as 10% down.
Lower Monthly Payment
If you do include commercial real estate purchase in your business acquisition loan, your term can be up to 25 years; this longer term can lower your monthly loan payments. You will make monthly loan payments to purchase the business and the real estate, and will not have a lease payment to make.
Quick Approvals and Processing
Processing, approval and funding is fairly quick.
Flexible Use of Proceeds
You can also include working capital with your SBA 7(a) loan to cover negative cash flow or cost for improvements while you expand, construct, or stabilize the property, which makes it a great option when renovating or turning around a commercial investment.
Ways to Purchase Commercial Real Estate for Your Business
Purchasing commercial real estate can seem out of reach when property values keep increasing and conventional financing usually requires at least 20% down. SBA financing makes buying commercial real estate possible with up 100% financing and low rates and longer repayment periods.
Buy commercial real estate or land with SBA financing for your business at terms that you can afford.