What Types of Business Needs can a Small Business Loan Assist with?

For qualifying companies, a small business loan can be an invigorating source of capital that drives expansion and stimulates cash flow and profits significantly. One of the key advantages of loans offered under Small Business Administration (SBA) criteria, is that terms and interest rates are very favorable due to partial government backing. How can small business loans revolutionize your company?

Equipment Financing

Business owners can obtain SBA loans for high-value equipment financing of up to $5 million. This allows your business to upgrade technology and secure high-quality tools of the trade to stay ahead of competitors. Here are a few categories covered:

  • Manufacturing equipment
  • Heavy machinery
  • Vehicles
  • Medical devices and equipment
  • Computers and IT systems
  • Diagnostic tools
  • Repair equipment
  • Printing presses

Business Acquisition Financing

Whether you want to purchase an existing company to expand operations into prime territories or procure a competitor’s business to increase your customer base, business acquisition loans are covered by SBA guidelines and offer financing of up to 80 percent the total cost, with no ballooning payments. Business owners generally enjoy comfortable repayment terms of 15 years.

Loans for Real Estate or Commercial Expansion

Financing backed by the Small Business Administration can make it possible to completely change the appearance of your business. Here are a few possibilities:

  • Real estate purchases
  • New building construction
  • Headquarters renovation
  • Satellite office purchase or construction
  • Office remodeling or redecorating

The freedom offered by this type of loan can allow you to leave behind the days of leased buildings. Instead, build a location from scratch with your company’s specific needs in mind.

Take Advantage of the Limitless Possibilities of Small Business Loans

No matter what you envision for your business, be it creating a successful hotel, expanding your dealership’s vehicle offerings, purchasing equipment for your dental practice or designing a child care facility that feels warm and welcoming, we’re right next to you to assist. Contact one of our helpful advisors to learn more about the perfect small business loan for you.