SBA Loans

Learn About Your SBA Loan Options

Small businesses are an important part of America’s financial landscape. They create jobs, enrich their local economies and offer real opportunities for success to entrepreneurs from every walk of life. The U.S. government’s strong belief in these small firms led to the creation of the Small Business Administration in 1953. Today, the SBA has several small business loan programs. It works with a huge network of lenders including Commercial One Group to provides needed funding to help companies grow.

The Administration’s 7(a) and 504 Loan Programs

You may have heard of the Administration’s 7(a) and 504 loans. Businesses in nearly every industry use them to purchase property and equipment. Both owner-occupied and investment properties can qualify for these loans. And as for equipment, it can range from restaurant appliances to heavy construction machines like cranes and bulldozers.

Each program lends money for slightly different purposes. The Administration’s 7(a) loans focus on business development, paying for things like furniture, fixtures, supplies and working capital. Its 504 loans target fixed assets – namely those that lead to business growth and job creation. They can fund new constructions and improvements. These loans come with some great terms:

  • Amounts of up to $5 million
  • Terms as long as 25 years
  • Financing up to 90% LTV
  • Fixed and variable rates
  • No prepayment penalties

Business Acquisition Loans

A small company’s next steps can include purchasing another business. That’s why the Administration also provides funding for business acquisitions. These loans can fund up to 80%, with terms as long as 15 years. They’re also amortized, with no penalties for early payoff and no ballooning. We evaluate applicants using some key criteria, including their cash flow position and qualified management history.

Get the Funding Your Company Needs

Commercial One Group has a diverse menu of commercial finance products to meet small businesses’ needs Apply for an SBA loan by speaking with one of our certified financial consultations today.