The Small Business Administration (SBA) has a number of financial programs for small businesses. At Benetrends, we specialize in assisting you with the entire loan process, from application to closing.
The 7(a) Loan Program may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business or franchise.
Read more on the SBA website.
The CDC/504 loan program is a long-term financing tool, designed to encourage economic development within a community. The 504 Program accomplishes this by providing small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization. With a 90% loan to cost SBA 504 loan, owners of small and midsize businesses can preserve capital and maximize cash flow to better afford purchasing commercial real estate or equipment instead of leasing.
Read more on the SBA website.
These loans can be used for the following:
- Start up or expand an existing business
- Funding for franchises
- Purchase real estate
- Use for working capital
- Equipment financing
- Debt refinance
- Longer terms for expansion projects, equipment or real estate purchases
