Do You Need a Small Business Administration Loan?

Every small business needs access to convenient and reliable funding to invest in growth. Getting a loan through the Small Business Administration may be the best way to fund your major purchases. We work with their 504 and 7a programs to provide businesses like yours with affordable financing. You can use a small business loan to acquire a competitor, buy real estate or achieve many other goals.

What To Expect

With the SBA 504 and 7a programs, we can offer you fixed- or variable-rate loans with amounts up to $5 million. They carry terms up to 25 years with full amortization. Better yet, you never have to worry about prepayment penalties. The rates are always competitive and often significantly better than you can get elsewhere.

Invest in Real Estate

One of the most common ways to use 504 and 7a loans is to buy real estate. These options are available for owner-occupied and hospitality properties. These are some examples of the types of buildings you can buy, renovate or refinance:

• Automotive facilities
• Healthcare practices
• Hospitality buildings
• Office space
• Single-purpose buildings
• Nonconforming properties

Acquire Another Business

Some customers use SBA loans to help them acquire competitors or buy out partners. We will primarily look at the cash flow of the business and the management. The loans are amortized with no ballooning and no prepayment penalties. These loans usually have 15-year terms and up to 80% financing. You can get prequalified quickly to help you decide.

Finance Equipment

Consider using a small business loan to help with buying equipment. Get your team the tools and machines it needs. These are some example of what you could finance:

• Production machines
• Vehicles
• Transportation equipment
• Medical equipment
• Diagnostic tools
• Laundry machines
• Printing machinery

Learn More

Contact Increase Lending today to learn more about our SBA loan programs. We are here to help you through the process from step one.