SBA Loans

Do you need long or short-term working capital? Funds to purchase new equipment or supplies? Or maybe real estate to expand your business? An SBA loan may be all you require. No or low down payments and up to 25 years fixed term.

There are three types of SBA loan programs we focus on helping small business owners. Community Advantage, 7(a) and 504. Each has a specific set of eligibility requirements and features.

Community Advantage

  • $20,000–$350,000 for working capital, operating expenses, tenant improvements, equipment, business acquisition, and refinancing of business debt.
  • 7-10 years maturity.
  • Up to 25 years maturity for real estate.
  • Available for start-ups and existing businesses.
  • Start-ups and business acquisitions require only a 10-15% deposit, depending on industry.
  • SBA guarantee allows for a competitive rate.

7(a)

  • Up to $5 million for short- and long-term working capital.
  • Use to purchase real estate, equipment or refinance business debt.
  • Available for start-ups and existing businesses.
  • SBA guarantee allows for a competitive rate.
  • Up to 25 years maturity.
  • Be considered a small business, as defined by SBA.
  • Most lenders provide variable rates, we are able to help provide fixed rates.

504

  • Long-term, fixed-rate financing of up to $5 million for major fixed assets.
  • Use to purchase buildings, land, equipment or machinery.
  • 10 and 20-year maturity terms available.
  • A minimum 10-15% deposit required.
  • Low-interest rates.
  • Have a net worth of less than $15 million.

Contact FV Vantage™ today to see which SBA loan is suitable for your business.

Find Out If You Pre-qualify

FAQs About SBA Loans

SBA loans are guaranteed by the government, making it easier for small businesses to get funding. They generally require a lower down payment and have competitive fees and interest rates. The funds can be used for most business purposes which makes them very attractive to start-ups and growing businesses. Contact  FV Vantage™ today to see which SBA loan is suitable for you and to complete your application.

As a general guideline, your business must be engaged to do business in the US, be considered a small business, as defined by SBA, and operate as a for-profit company. If your business matches these criteria, contact FV Vantage™ to discuss your eligibility and how we can help you get the funding you need.

SBA loans are designed to help startups and established businesses grow. Each SBA has different criteria but depending on your requirements, they can be used for,

 

  • Working capital for long or short term
  • The purchase of equipment, machinery, furniture, fixtures, supplies, or materials
  • Purchasing real estate, including land and buildings
  • Constructing a new building or renovating an existing building
  • Establishing a new business or assisting in the acquisition, operation or expansion of an existing business
  • Refinancing existing business debt
  • Improving land, streets, utilities, parking lots and landscaping of your business

That’s great. So before you apply or start getting together your documentation, contact FV Vantage™ first to ensure you prequalify and discuss which SBA loan is suitable. Once we know which loan to apply for, we can guide you on the relevant documentation you will need so you don’t waste time and have a higher success of approval

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