Small Business Loan Opportunities Brought to You by the SBA

If you are trying to find sensible, long-term loans for your small business, you already know that it can be a difficult undertaking. Small businesses represent a fair amount of risk to most lenders, and before they can justify backing a small business loan, many have stringent vetting requirements. The Small Business Administration helps cut through this lack of access by providing guaranteed loans for businesses that will enrich their communities with positive social and economic impacts, making it easier to get the funding you need. SBA loans can take a long time to process, though, which is why working with a preferred lender who can approve their own loans helps. Allegiant Commercial Experts is one such lender.

Equipment Loans

One of the most popular loan programs in the country is the Administration’s equipment loan program, and for good reason. These loans are built to help you succeed, so the interest rates are kept generously low, the terms are long, and they are designed to amortize. That combination of features provides you with everything you need to manage your overhead while taking advantage of the loan as a long-term opportunity.

Commercial Real Estate Purchases

When you are ready to purchase your own facilities, you have the opportunity to give your company an asset that enriches it, but you need lending support. That’s why the SBA built its commercial real estate program, but there is a requirement that the building be for your facilities, which means your company has to occupy the majority of the square footage. Even so, a variety of property types are eligible:

  • Warehouses
  • Gas stations
  • Office Buildings
  • Factories
  • Restaurants
  • Auto Repair Shops

Acquisitions

Last but not least, if you are buying an existing small business, you can count on help from the SBA if you need it, as long as the company meets the Administration’s requirements for size and financial health. For more information or to start your application, contact us today.