SBA Loan benefits
There are several reasons to consider an SBA loan for your business. Benefits include:
- Longer terms than most conventional loans
- Lower equity requirements
- Lower debt service coverage requirements
- Less restrictive collateral requirements
How can an SBA loan help your business? The SBA will partially guarantee loans for a variety of purposes, including:
- Purchase of owner-occupied commercial real estate
- Construction and expansion of business premises
- Purchase of machinery and equipment, furniture, fixtures, and leasehold improvements
- Business acquisition
- Debt refinancing
- Working capital
- Start-up businesses
All loans subject to SBA, collateral and underwriting requirements, and approval, including credit approval.
Lender of the Year
U.S. Small Business Administration
2009 & 2010
2009 & 2010
