SBA 7(a) loans typically have lower interest rates and longer repayment terms than a conventional bank term loan.

An SBA loan is partially guaranteed by the government in order to offer reduced risk to banks, lower interest rates for borrowers, and extended payment terms that improve a companies cash flow. These loans are considered to be the best business financing option available which is why it is often referred to as the “Gold Standard” of business lending.

Loan Terms:

Interest Rates between 4.75% – 7%

10 year term

Monthly payments

No pre-payment penalties

These loans can be used for debt refinance, marketing, hiring, business expansion (including acquisitions), and inventory purchases.

USDA

What is it? The ideal loan for rural companies/projects that goes up to $25M. With very low interest rates and long repayment terms.

Use it for: Working capital, all types of payments: insurance, principal and interest, rent, taxes, etc. 

Commercial Real Estate

What is it? Loans for refinancing or purchasing commercial real estate.

Use it for: any type of commercial real estate transactions for refinance and purchasing.

Term Loan

What is it? Fixed rate loans with low interest rates. Faster and less strict than SBA loans.

Use it for: debt refinancing, working capital (operational expenses, marketing, hiring, etc.), construction,business acquisition etc.