Understanding Your Financing Options
Lending Overview
Small businesses are a vital part of the nation’s economy and supporting them is the SBA’s primary objective. The administration was created with the mission of assisting small businesses in creating jobs around the country. They partner with private lenders to provide a guarantee, reducing lender risk and opening up more opportunities for borrowing businesses. The SBA does not loan directly, but facilitates loans for businesses that need them to pay for real estate, equipment, business acquisitions, and more. To qualify for an SBA loan in Jacksonville or across Florida, a business must meet eligibility requirements, which can be difficult to decipher without the help of a qualified broker. Brokers are aware of current federal regulations and rates affecting SBA financing and can steer you toward the right loan. They can also connect with the lender to help the application process flow smoothly. Discover which SBA loan sourced in Jacksonville, FL is right for your small business. Contact a broker today.
Maximizing Your Financial Resources
How to Effectively Apply Funds
We source two types of SBA loan in Jacksonville, FL; the SBA 7a loan and the SBA 504 loan. SBA 7a loans come from private lenders who are certified by the SBA. These loans can be applied to real estate purchases, equipment purchases, and working capital expenses. The SBA 504 loan is similar, but does not provide working capital. SBA 7a loans are attractive to companies wishing to acquire another business and SBA 504 loans are usually preferred by companies with multiple partners. The 7a loans have variable interest rates and rates on 504 loans are fixed. To find out more about the differences in these SBA loans, connect with your broker.
Streamlined Steps to Your Loan Approval
Our Process
PRE APPROVAL
We evaluate your business based on your unique operating structure and objectives. You’ll receive financing options based on what it is you want to achieve.
LOAN SELECTION
Together we will hone in on the options and pathways to capital that make sense. We vet multiple lenders to match you with the right money.
PATH TO CLOSE
Whether your loan is fast-closing or carefully vetted, we work with you and your lender to package it and facilitate a smooth close to shorten your time to funding.
Fuel Your Business Ambitions
Capitalizing on Opportunities
Leverage SBA loans to fund new expansions, purchase essential equipment, or refinance existing debts under more advantageous terms. Their flexibility makes them ideal for small businesses looking to strengthen their market position or scale operations efficiently.
Real Estate
SBA loans make commercial real estate affordable for small businesses that want to expand their operations or move to a new territory. An SBA 7(a) loan will help your company acquire another business and include its real estate in the loan, facilitating a seamless transition and enabling growth. On the other hand, an SBA 504 loan offers federally-capped rates on 20 or 25-year CRE loans, making it easier for small enterprises to secure long-term funding for purchasing or renovating commercial property. Recognizing the unique needs of small businesses, these loans provide the financial support necessary to set solid foundations and foster growth. So, whether you are looking to expand your medical practice into a larger facility or purchase a new building for your growing business, an SBA loan can provide the necessary financial backing. Contact our knowledgeable consultants today to understand how an SBA loan can make commercial real estate investments accessible to your business.
Equipment
When you need to elevate the productivity and efficiency of your operations, using an SBA loan to acquire cutting-edge commercial equipment can be a game-changer. With flexible 10-year terms and low down payment requirements, SBA loans make it feasible for businesses to invest in the latest technology and machinery without straining their finances. This financial support allows small businesses to stay competitive, improve service delivery, and streamline processes. SBA loans also provide support for business operations under $15m in annual earnings. For entrepreneurs wanting to start a new business, an SBA 7(a) loan can offer funding for working capital, allowing small businesses to cover day-to-day expenses like payroll and inventory. These options give entrepreneurs the opportunity to turn their ideas into successful ventures and contribute to the growth of the economy.
Working Capital
If you need access to working capital but have been turned down by lenders in the past, an SBA loan can be the financing solution you need. SBA 7(a) loans use private lenders to offer low-interest rate loans for working capital financing for small businesses. These loans are designed to help businesses manage their day-to-day operations, cover payroll, purchase inventory, and more, all while benefiting from better terms and lower rates than traditional loans. By providing a safety net, SBA loans ensure that small businesses have the liquidity they need to navigate cash flow challenges and seize growth opportunities. Don’t let a lack of working capital hold your business back; ask a broker today how to qualify for an SBA 7(a) loan and secure the funding crucial for your company’s success. SBA loans provide financing for essential needs beyond physical expansion such as hiring additional staff, marketing efforts, and other growth initiatives.
Supporting Success with Structured Solutions
Advantages
SBA loans offer a robust support system for small businesses, featuring favorable terms like lower down payments and longer repayment periods. These features help reduce the strain on your cash flow, enabling you to invest more in growth and stability.
$5M or more in financing
Lower rates than most banks
Government guarantee
Extensive lender network
Answers to Your Key Questions
FAQ’s
Q. Do hard money loans require collateral?
Q. Do I need a good credit score to qualify for a hard money loan?
Q. How long does it take to get approved for a hard money loan?
Q. What happens if I default on a hard money loan?
Apply For Funding Today
Our no-obligation pre-approval gives you the information you need to know about loan types and options to help you move ahead, even if you’ve been denied elsewhere.