Another common program from the SBA is a 504 loan, but this product is geared toward small businesses looking to finance commercial real estate or large equipment to use in their operations. Additionally, a 504 loan can be used to finance land acquisition, ground-up construction or improvements/expansion to an existing building. Think of 504 loans as funding tangible assets. The business net worth cannot exceed $15 million.
GET PRE-APPROVEDMost industries qualify for an SBA (7a) loan. Eligible businesses may be working in assisted living facilities, hotels, motels, bed and breakfasts, restaurants, bars and clubs, retail stores, business services and office-based companies, auto repair shops, car wash companies, preschools and daycares, self-storage companies, gas stations, convenience stores, or other Main Street businesses.
With one SBA application, get offers for the most appropriate loan solutions - right on our platform. We will process your SBA application quickly and give you a direct reply about your pre-approval status.
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