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SBA Real Estate Loans USA only

A Real Estate SBA Loan in the USA is one of  the best business option for financing an owner-occupied space. A fixed rate SBA 7(a) Loan provides up to 90% financing, with low down payment requirements for business owners looking to purchase a multi-use space. Eligible businesses must meet the following requirements for SBA loans:

  • The business must operate for profit
  • Must be defined as “small” according to SBA guidelines
  • Be located in, or doing business in, the United States
  • Must have sufficient equity
  • Before applying, applicants must have exhausted all financial resources, including personal assets
  • Must not be delinquent on any existing debt to U.S. government

SBA 7(a) loan proceeds can be used for financing many different business needs, however, there are restrictions on how the funds can be used. For example, applicants may not use funds as an asset for potential increased value or for reimbursement of funds used for the business previously.

USA SBA Equipment Loans

An SBA 504 Loan is the perfect option for small to mid-size businesses looking to obtain significant funding for machinery and equipment. Minnesota SBA equipment loans are typically funded for 80% but can reach up to 100% of the equipment purchase price. Qualifying purchases must have long-term value and be used solely for business purposes. In order to be approved for an SBA 504 Equipment Loan a business must provide proof of experience and show a need for the purchase. When a business is denied a loan, an SBA 504 loan can provide funding with low APR and easy terms.

SBA Inventory Loans

An SBA 7(a) Inventory Loan is usually used to purchase inventory or stock so a business can meet sales requirements. Future income is used as collateral in this case, and the loan is paid as inventory is sold. Most SBA 7(a) loans feature easy terms and low APR. To qualify for an SBA 7(a) Inventory Loan a business must show proof of experience and records or sales or income from previous years.

SBA Business Acquisition Loan

An SBA 7a Business Acquisition Loan provides funding for the purchase of an existing business. By leveraging capital, the borrower can obtain funding with low APR and no collateral. A business acquisition loan is typically funded for up to 90% of the purchase price. To qualify, applicants will typically need to provide a current balance sheet with P&L statements, two years of federal income tax returns, and BOS, including terms and the asking price of the business being purchased. The loan proceeds cannot be used to purchase assets for their potential increased value or as owner reimbursement.

As St Paul SBA lenders, our team is focused on getting you the lowest rates with the fastest funding timeline available.  To get a better understanding of your options, call or email our SBA loan  team today.

Understand your options.

The starting place is to become informed. Once you understand your options, available rates, and timelines you can make good decisions.  Our  business loan specialists are here for you – reach out today!