An Overview of SBA Loan Solutions
The commercial real estate for your business is often just as your unique as your business is. To secure financing for your business, it’s critical to work with a relationship lender that can understand your business and its unique financing needs. PACT Capital is local lender with a nationwide reach. PACT Capital provides business owners with all the financing options needed to grow their business or improve their cashflow. Whether it’s to fix your real estate cost or to buy another business, PACT Capital provides flexible and creative loan options to help you achieve your business goals.
PACT Capital’s network of SBA lenders allows us to offer nationwide SBA lending with the following terms and guidelines:
|Financing Amount||Up to 90% financing for Real Estate Acquisitions|
|Financing Types||Refinances, Equipment Purchase, Working Capital, Business Acquisition|
|Options||Options for full amortization|
|Term||Up to 30-year term length|
|Payment Structure||Flexible prepayment structures|
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Whether you’re just beginning to look for a space for your business to occupy or you’re in contract, PACT Capital can help you today. To learn more about how our capital advisors can help you find the best SBA loan or provide you with a comprehensive buy vs. lease comparison
More on SBA Loan
While there are numerous SBA loans available for borrowers, there are two primary programs that are used the most often: the SBA 7(a) loan program and the SBA 504 loan program.
The SBA 7(a) loan option covers financing up to $5 million. This program is partially backed by the SBA and allows for a variable use of capital. This is good for small business owners who need capital for general business needs or improvements. SBA 7(a) loans can be used as both short- and long-term capital to either purchase or refinance a business and/or debt or purchase new equipment necessary to function.
SBA 504 loan programs are primarily used for small business owners who need to upgrade their assets through building improvements, purchase fixed assets, finance construction, or acquire expensive equipment and machinery. They’re financing programs for owner-occupied property types. SBA 504 requires a down payment from the borrower and then the bank will extend the total loan. SBA 504 loans can cover up to $20 million + and have a 10 – 20-year repayment term.
There are specific program requirements, loan structures, collateral, and fees for both SBA 7(a) and SBA 504 financing options. To determine which financing option is best for your small business, contact PACT’s professional loan officers. We can help you navigate your options to determine which terms best fit your goals.
Each type of SBA loan program varies and should be considered based on your business’ size, length of operation, and long-term goals. PACT Capital’s experienced advisors can help you mitigate the challenges of finding the right financing to best serve your business. We work with businesses on an individual basis to best determine which loan type will fit their needs.
Since getting an SBA loan can require lengthy processes that are over-complicated by banks, working with a PACT gives you a competitive advantage. We integrate our long-standing capital connections with our in-house underwriting expertise to expedite the pre-approval process and make sure that you have what you need to qualify. While SBA financing can take longer to finalise than conventional loan programs, the terms and rates are worthwhile to the borrower in the end.
Contact us today to see if your business can qualify for an SBA loan.