Small Business Loan
Examine Your Business’s SBA Loan Options
For almost seven decades, the United States government has helped American companies through its Small Business Administration. This agency provides both information and funding to help small firms establish and succeed. It works with hundreds of lenders like swellFi to offer loans. We’re a preferred financial services company partnered with the SBA to provide funding for equipment, working capital, real estate, construction and other key needs.
Loans From the 7(a) and 504 Programs
The Administration has many small business loan options, but 7(a) and 504 loans are among the most popular. Both can lend for real estate, including property purchases for gas stations, childcare centers, hotels, auto dealerships and single-purpose buildings. These loans can also help your business obtain equipment – everything from laptops to cranes.
The Administration’s 7(a) loans fund business development needs such as working capital, debt refinancing, fixtures, furniture and supplies. Its 504 loans can also pay for new construction, and improvements. Both types of loans come with several great benefits:
- Terms of up to 25 years
- Up to 90% LTV financing
- Fixed and variable interest rates
- Full amortization
- No penalties for early payoff
Business Acquisition Loans
A small business’s long-term vision can also include acquiring other companies. That’s why the Administration also offers financing for business acquisitions. These loans typically come with 15-year terms and up to 80% loan-to-value ratios. They’re also fully amortized, with no ballooning and prepayment penalties. Eligibility criteria include qualified management expertise, a solid business plan and demonstrated ability to repay. You can become prequalified in as little as 48 hours.
Apply or Find Out More
swellFi offers SBA loans plus a large collection of other commercial finance tools. Our certified financial specialists can walk you through your options and recommend solutions that meet your company’s needs. Contact us now to apply or get your questions answered. We look forward to helping your enterprise grow and thrive.