SBA Loans
Access the funds you need to operate, grow, and succeed with loans backed by the Small Business Association. SBA loans empower small businesses with financing options to compete with larger companies.
Secure SBA Loans with the Professional Guidance of JD Rowe Financial
If you’re a small business owner, you probably know the struggle of the traditional loan approval process. Typically, the primary issue is a lack of sales history or a low credit score. Even if you do get approved, the loan terms can be less than favorable.
One potential solution is a loan from the Small Business Administration. The SBA works with companies like yours to deliver reliable financing options for a wide array of needs. At JD Rowe Financial, we can connect you with lenders that offer SBA loans and walk you through the application process. If you’re tired of receiving loan rejections, give us a call so we can help your business thrive.
What is an SBA Loan?
The U.S. government provides various loan programs for entrepreneurs who want to start or expand their businesses. The most common type is an SBA 7 guaranteed loan that allows borrowers to receive low-interest capital from banks and other lenders while still maintaining company ownership.
The SBA offers several types of loans designed specifically for businesses in different stages of growth. These include:
How Does It Work?
To qualify for an SBA loan, you must meet specific requirements set forth by the government agency. You will also have to submit documentation showing how the loan would benefit your company. After submitting all the required information, it goes into a database that allows lenders to review your request. Lenders are then able to contact you regarding a loan decision.
When you work with JD Rowe Financial, we ensure you submit all the required information and accurately follow the process. We aim to put your business in the best position to achieve your lending goals.
Types of SBA Loans
SBA Real Estate Loan
If you’re renting an office or retail space, you’re likely spending way too much money over the long term. A better solution is to purchase your own commercial real estate property so that you don’t have to worry about rent increases or property managers.
Fortunately, the SBA offers real estate loans for up to $5 million. These loans can cover owner-occupied rental properties. To qualify as an owner-occupied building, your company must utilize at least 51 percent of the space. You can rent the remainder of the space to other tenants to help you pay off the loan.
SBA Equipment Loan
For many business owners, purchasing new equipment can be a financial hassle. Usually, the machinery is prohibitively expensive, and qualifying for a business loan can be problematic, particularly if you have outstanding debts.
A better alternative is to apply for an equipment loan from the SBA. These loans can cover up to 90 percent of the item’s value, which means you don’t need much money to make up the difference. The advantage of an equipment loan is that the equipment becomes collateral, which makes the approval process easier.
SBA Inventory Loans
As a retailer, managing your inventory can be challenging. You must keep enough stock on hand to meet customer demand without borrowing too much to pay for them upfront. Using a traditional business loan for inventory can be problematic if you don’t sell fast enough.
Fortunately, an inventory loan from the SBA can provide a better solution. These loans borrow against future sales, so you don’t have to worry about a slow period putting your business in a financial bind.
SBA Business Acquisition Loan
Once your small business reaches a specific size, it can make sense to purchase a competitor. Whether you’re looking to increase your market share, buy new equipment and infrastructure or expand to new territory, acquiring an existing business can be advantageous. But, having enough cash on hand to purchase the enterprise outright could be a challenge.
Thankfully, the SBA offers acquisition loans to help you capitalize on these opportunities. The loan application process can be cumbersome as it requires at least two years of documentation.
The Benefits of SBA Loans
The Small Business Association loans give business owners the freedom to operate and grow their businesses with less financial stress. Access to SBA lending improves a small business’s chance for long-term success.
Here are some benefits:
- Flexible Terms – SBA loans often offer longer repayment terms and a more flexible loan package.
- Lower Down Payment – SBA loans usually require a lower down payment than traditional commercial lending.
- Better Interest Rates – SBA loans include caps on interest rates, making it possible to lock in lower monthly payments than those offered by conventional lenders.
- More Accessibility – Both new and existing businesses can apply for SBA loans.
If you’re interested in SBA financing, we can help. Contact JD Rowe Financial to learn more.
Is an SBA Loan Right for You?
If you want to take full advantage of all the benefits offered by SBA financing, then you should contact JD Rowe Financial today! We work hard to ensure that every client gets what they need to run a financially successful business. To learn more about how we can assist you, call us today.
Need help in making better financial decisions?
Why Choose JD Rowe Financial for SBA Lending Support?
At JD Rowe Financial, we understand the challenge of finding the best financing solutions for small businesses. That’s why we walk each of our clients through the lending options available for small businesses, including SBA loans.
At JD Rowe Financial, we believe in transparency and honesty. Therefore, we offer exceptional client service with clear and consistent communication. Contact us today to schedule a consultation.
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