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A group working together to make the most of their SBA loans
 
 

Small Business Administration Loans

Up to $5.5 Million

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SBA Loan Programs

The Small Business Administration (SBA) was established in 1953 by the U.S. government to help small business owners and entrepreneurs access a variety of resources and financing options. Our sister company, B:Side Capital, partners with the SBA and community lending institutions to help facilitate the SBA 504 and SBA 7(a) loan programs.

 

What are the eligibility requirements for an SBA loan?

  1. The business is for-profit

  2. The business is located in the United States

  3. The business is valued at less than $15 million and the business has an after-tax profit of less than $5 million a year over the average of two years

  4. The business owner will occupy 51% or more of commercial real estate that is being renovated or purchased

  1. The business owner will occupy 60% or more of commercial real estate that is being built

  2. The business has demonstrated need for credit

  3. The business owner can meet the down payment requirements

 
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SBA 504: Commercial Real Estate & Equipment Loans

Eligible Uses

  1. Buy, build, or renovate commercial real estate

  2. Purchase machinery or equipment with a life expectancy of 10+ years

  3. Debt refinance for conventional commercial real estate or equipment loans

Benefits

  1. Long-term, below-market, fixed interest rates (10, 20, and 25 year options)

  2. Up to 90% of the total project costs can be financed

  3. Longer loan amortizations allows for lower monthly payments

  4. Borrower typically only pays 10% down on commercial real estate, allowing them to save capital for their business

 

Loans from $25,000 - $5.5 Million

Interest Rates Vary Monthly
10, 20, & 25 Year Terms

SBA 7(a): General Business Loans

Eligible Uses

  1. Startup expenses

  2. Working capital

  3. Purchase an existing business

  4. Buy, build, or renovate commercial real estate

  5. Purchase machinery or equipment

  6. Business debt refinance

  7. Include professional fees

Benefits

  1. Low down payments

  2. Long payment terms

  3. Reasonable interest rates

  4. Suitable for a wide range of business purposes

  5. Quicker processing times for loans $350,000 or less

 

Loans from $25,000 - $5 Million

Interest Rates based on Wall Street Journal Prime

Terms Vary based on Partner Lender

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Community Advantage Loans

A Community Advantage loan is a unique program under the Small Business Administration that focuses on early/mid-stage businesses within underserved communities. These loans are financed through a mission-based lender and can be used for a variety of purposes.

Eligible Uses

  • Long-term working capital and inventory

  • Equipment purchase

  • Debt refinance 

  • Business acquisition and expansion

Benefits

  • Provides mission-based loans to small businesses that don’t meet conventional credit requirements

  • Increases access to capital for underserved small businesses 

  • Ability to get financing despite the lack of sufficient collateral

  • Low down payments

  • Long repayment terms up to 10 years

  • SBA guarantee up to 85% of the loan

Interest rate

  • Variable Interest Rate: Wall Street Journal Prime + 4.5%, adjusts calendar quarterly

 

Loans from $25,000 - $350,000

Variable Interest Rate
10 Year Term

Interested in learning more?