At Churchill Commercial Funding we are experts in SBA loans. The SBA helps small businesses obtain needed credit by giving the government’s guaranty to loans made by commercial lenders. The lender makes the loan and SBA provides a guaranty in case of default. The SBA prescribes the rules concerning these loans but third-party lenders underwrite and make the loans. These loans are versatile and attractive due to low down payments, longer terms, and relatively low interest rates.
We have access to many SBA lenders and know their preferences and lending criteria. This helps us to quickly match your need to the correct lender or lenders. All SBA lenders are not created equal. Some prefer real estate, some will finance business purchases. Some will lend on goodwill and others won’t. Knowing these preferences saves time and effort.
The approval process for SBA loans depends on several factors including your business cash flow and personal credit. If you’re ready to get started, give us a call at 734-368-1339
SBA 7a Loans
• Use for owner-occupied real estate, working capital, equipment, inventory purchases, business acquisition, partner buyout, expansion, and debt refinance
• Loan amounts $50K to $5MM
• No prepayment penalties on terms less than 15 years
• Fully amortizing loans
• Fixed and variable rates available
• Low interest rates capped at 2.75% above WSJ prime
• Terms from 10 years for working capital and equipment to 25 years for real estate
• Financing sometimes up to 100%
SBA 504 Loans
• Can be used to purchase, renovate, construct owner-occupied real estate and heavy equipment
• Terms to 25 years
• $250K – $22MM loan size
• Low interest rates
• Eligible properties include offices, medical buildings, day-care facilities, restaurants, flagged hotels, auto repair shops, assisted living, and many more
• Up to 90% financing
WE WOULD BE HONORED TO HELP YOU WITH YOUR SBA LOAN APPLICATION.
CONTACT US TODAY AT 734-368-1339 OR CLICK BELOW TO SEND US SOME DETAILS.