SBA Loans: Tools for Small Business Growth
As a small business owner, you understand that your financial choices impact your company’s future. You want to obtain funding, but you also want to ensure its long-term health and security. The Capital Rams offers small business loans with favorable terms and for a wide range of purposes. To better understand your options, read more about our Small Business Administration loans.
What Are Small Business Administration Loans?
The Small Business Administration offers many types of loans, but most businesses borrow under either the 7(a) or the 504 programs. Companies approved for 7(a) loans typically use the funds for short-term or long-term working capital, purchasing existing businesses, refinancing business debt or buying supplies, fixtures and furniture. Money from 504 loans usually purchase commercial real estate or heavy equipment, but they can also fund new constructions, building purchases or improvements.
Our Loan Types and Terms
The Capital Rams lends in the both 504 and 7(a) SBA programs. We offer loan amounts of up to $12 million with both fixed and variable interest rates and no prepayment penalties. Depending on the loan type and purpose, this financing comes with several different benefits:
- Loans with guarantees of up to 90%>
- No early payoff penalties>
- Competitive rates and flexible terms>
- Full amortization and terms of up to 25 years>
Loans for business acquisition are based on the applicant’s cash flow and business management history. This financing typically comes with up to 80% guarantees and terms as long as 15 years. Just as with other Small Business Administration loans, there are no prepayment penalties or ballooning.
Take the Next Step to a Better Future
Your business may qualify for SBA financing in as little as 48 hours. Our certified financial experts are ready to help you find the best funding solution to meet your company’s needs and goals. To get started or learn more, call us today.