Fuel Your Business Success With an SBA Loan
Financing your business can be challenging. It may often seem like lenders don’t want to take risks on small businesses. If they do or if you bring on an investor, the cost can be high. Fortunately, the Small Business Administration has some programs to help. 360 Commercial Capital can offer you a loan through the agency’s programs with very low rates and excellent terms.
Low Rates on Up To $5 Million Loans
Under the 504 and 7a programs, you can borrow up to $5 million with reduced collateral requirements and eased qualification criteria. These loans provide up to 90% financing and are available with up to 25-year terms. They have full amortization, no ballooning and no penalties for early payment. Depending on which program you select, you can receive fixed or variable rates.
One of the most common reasons for using such a small business loan is to fund an equipment purchase. These are some examples of the types of equipment you could buy:
- Heavy equipment
- Production machinery
- Laundry equipment
- Trucking equipment
- Medical machinery
- Machine tools
- Printing machinery
Do you want to buy, renovate or refinance property for your business? An SBA loan could help with owner-occupied properties such as the following:
- Single-purpose buildings
- Automotive services facilities
- Healthcare practices
- Childcare buildings
- Nonconforming properties
- Industrial facilities
Acquire Another Business
If you want to purchase another business or buy out a partner, we can offer a small business loan to help. These loans typically have 15-year terms and up to 80% financing. Like the other loan types, they have no ballooning, no prepayment penalties and are amortized. We will make our decision based primarily on the management and cash flow of the business.
Contact 360 Commercial Capital today to learn more about SBA loans. One of our representatives will get you started with a consultation and financial analysis.