Small company loans FAQ. Why must I apply for an SBA loan?

Small company loans FAQ. Why must I apply for an SBA loan?

Exactly what do i take advantage of my funds for?

Require new gear? Could it be time for you to employ another worker? Do you need to buy or refinance commercial property? You need to use your funds in lots of ways based exactly how much you are borrowing. Find Out More

$30,000 to $350,000: Loans of the quantity can be utilized for working money (such as for example functional costs, marketing, employing, etc.), brand brand new gear acquisitions, also to refinance current company debt maybe perhaps not guaranteed by property (such as for example payday loans, loans, and gear leases) in the event that intent behind your debt ended up being for the company.

$500,000 to $5 million: Loans with this quantity may be used for the acquisition or refinance of commercial real-estate. To qualify, the property must be bulk owner-occupied. Continue reading “Small company loans FAQ. Why must I apply for an SBA loan?”

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