Ashburn SBA Business Loans

SBA 7(a) Multi-Purpose Loans & SBA 504 Financing

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SBA 7(a) Loans

Flexible Multi-Purpose Loan Program

We Help You Get Approved!‎

SBA 504 Financing

Commercial Real Estate & Heavy Machinery

We Help You Get Approved!‎

SBA Express Loans

$50,000 – $350,000


This SBA program provides working capital lines of credit for manufacturing, wholesale, services and retail businesses. May be used to finance inventory, accounts receivable, a specific contract and more.  

 

Main Features
  • Low rates 3.75% – 6%
  • Financing term up to 10 years
  • Pre-qualify in 15 minutes
  • Loan decision in 36 hrs, funding in 7-14 days
Qualify with:
  • FICO® score above 650+
  • Two Years Business Tax Returns
  • Show schedule of Liabilities
  • No bankruptcy in the last 4 years
  • No outstanding tax liens
  • No current loan delinquencies
  • No defaults on government loans
Eligibility
  • For-profit business
  • Must qualify as a small business according to (varies by industry type)
  • Business owners must be US citizens or legal permanent residents
Use of Proceeds
  • Working capital, Business debt consolidation, operational expenses, payroll, rents, cash reserves, marketing, hiring new resources, finance inventory, accounts receivable, a specific contract and more…
Collateral
  • No Collateral – Unsecured Business Loan

SBA 7(a) Program

$100,000 – $5 million


This multi-purpose SBA loan program offers the most flexible and longest-term loans. The loan may be used for small and large businesses, for everything  real estate to equipment and working capital.

 

Main Features
  • Low rates 3.75% – 6%
  • Financing terms up to 25 years
  • Pre-qualify in 15 minutes
  • Loan decision in 36 hrs, funding in 7-14 days
Qualify with:
  • FICO® score above 650+
  • Two Years Business Tax Returns
  • Show schedule of Liabilities
  • No bankruptcy in the last 4 years
  • No outstanding tax liens
  • No current loan delinquencies
  • No defaults on government loans
Eligibility
  • For-profit business
  • Must qualify as a small business according to SBA Size Guidelines (varies by industry type).
  • Business owners must be US citizens or legal permanent residents
Use of Proceeds
  • Buildings, Equipment, Furniture & Fixtures, Inventory, Business Acquisition, Working Capital, Business debt consolidation, operational expenses, payroll, rents, cash reserves, marketing, hiring new resources 
Collateral
  • No Collateral – Unsecured Business Loan
  • For real estate purchases or refinance, SBA requires that Lender take a first secured interest in business assets and/or a mortgage on real estate.
Loan Terms
  • Working Capital – up to 10 years
  • Equipment – up to 10 years (or useful life)
  • Real Estate – up to 25 years
  • No balloon payments

SBA 504 Loans

$125,000 – $10 million


The loans may be used for commercial real estate, renovating existing facilities, construction, heavy machinery, medical equipment, manufacturing equipment, precision equipment, and more.

 

Main Features
  • Low rates 3.75% – 4.5%
  • Terms of 10 – 25 years
  • 10% – 20% down payment
  • No balloon payments

SBA 504 Loan Guidelines

Eligibility
  • Net profit after tax less than $5 million
  • For Businesses with a Net Worth under $15 million
Use of Proceeds
  • Land Buildings (purchase, refi, new construction, or renovation)
  • Machinery & Equipment (minimum useful life of 10 years)
Collateral
  • Lender holds the 1st mortgage on real estate or the 1st secured interest in machinery & equipment
  • SBA holds the 2nd mortgage on the real estate or the 2nd secured interest in machinery & equipment
Loan Terms
  • Machinery and heavy equipment 7 – 10 years
  • Real Estate 10 – 25 years
  • No balloon payments

Pre-qualify in 15 minutes
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Pre-qualify in just 15 minutes
auto-reply-email includes 7(a) application

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a BFNYC website

 

Loans That Empower Over 500,000 Small Businesses

SBA 7(a) Program

 

SBA 7(a), SBA 504, SBA Line-of-Credit

Multi-Purpose, Flexible Terms, Machinery, Equipment, Real Estate – SBA Loans

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Introduction

SMB Loans offers several loan programs designed for small businesses that may not qualify for traditional bank or conventional loans. The most common is SBA loan 7(a) multi-purpose business Loan program, which provides up to $5 million in working capital and is designed to help businesses manage and expand their businesses.

It is flexible because it can be used for a variety of purposes, including buying machinery or equipment or furniture, purchasing real estate, leasehold improvements, working capital or even debt refinancing. The maturity term for these loans is up to 10 years for working capital and up to 25 years for fixed assets.

 

SBA 7(a) Loan Types

Under the umbrella SBA 7(a) program are several types of 7(a) loans and lines of credit. The main differences among the different loan types are the loan amounts, the processing times, and use of funds.

Here are the different types of SBA 7(a) loans:

Loan type Loan Amount Decision Period Best For
7(a) standard loan Up to $5 million 5 – 10 business days Multi-purpose financing, Business expansion, working capital
7(a) small loan Up to $350,000 5 – 10 business days Working capital
Express loan Up to $350,000 36 hours Time-sensitive financing needs
Export express loan Up to $500,000 36 hours Small export businesses
Export working capital Up to $5 million 5 – 10 business days Small export businesses that need working capital
International trade loan Up to $5 million 5 – 10 business days Businesses that need to compete with foreign entities
SBA CAPLines of credit Up to $5 million 5 – 10 business days Commercial builders, seasonal businesses, businesses that are fulfilling government contracts, and businesses with cyclical gaps in cash flow
Standard 7(a) Loan - up to $5 million

Standard 7(a) loans can go up to $5 million, and the funds you acquire through this loan can be used toward a variety of business reasons, whether you’re looking to expand your business or need additional working capital. With the standard 7 (a) loan you can filled out our online form to get pre-qualified in just 15 minutes and automatically receive via email 7(a) a tillable application, the SBA will review your loan application and give you an initial approval decision within five to 10 business days.

 

Small SBA 7(a) Loan - Up to $350k

SBA 7(a) small loans are similar to standard 7(a) loans, but the maximum loan amount is $350,000. This type of SBA 7(a) loan functions almost exactly like a standard 7(a) Loan, except for assessing the borrower’s creditworthiness.

With the standard 7 (a) loan you can filled out our online form to get pre-qualified in just 15 minutes and automatically receive via email 7(a) a tillable application, the SBA will review your loan application and give you an initial approval decision within five to 10 business days.

 

SBA Express Loan - Up to $350k

The SBA Express loan offers amounts up to $350,000 and offers a quick turnaround to applicants in a time-sensitive bind. Instead of the usual five to 10 business days, the SBA will review your application and give you an initial approval decision within 36 hours for Express loans.

A unique benefit that the SBA Express loan offers over other SBA loans is a quicker decision process. Whereas other SBA loans may require extensive time before approval with a process that can take up to three months, an SBA Express loan allows business owners to get a decision and receive funding in a shorter amount of time. With an accelerated turnaround time for SBA review, borrowers are given a decision within just three days.

Qualifying for an SBA Express loan is pretty simple. There are a few requirements, like operating your business within the United States and not having any existing debt obligations to the government.

Basic Requirements:

  • Business must operate for profit
  • Must engage in operations within the USA
  • Should be in operation for at least 2 years
  • Must qualify as a small business according to SBA size standards
  • Must be able to prove/show a need for financing
  • Must be able to show that funds will be used for sound business purposes
  • There can be no delinquencies on previous debts to the government
  • As with all other federally sponsored loan programs, the government requires borrowers to be of good character and demonstrate the ability to repay the SBA Express loan debt.

Call the SMB Loans Customer Service Center at 1-888-357-3547 for help with your application, or PRE-QUALIFY ONLINE in just 15 minutes!

 

SBA CAPLines - Up to $5 million

Through the CAPLines program, the SBA offers four types of SBA lines of credit. These lines of credit, going up to $5 million, can help commercial builders, seasonal businesses, businesses that are fulfilling government contracts, and businesses with cyclical gaps in cash flow. The term on these lines of credit ranges from five to 10 years.

If none of these 7(a) loan programs meet your needs, find out about other SBA loan programs, including the CDC loan program for real estate and equipment financing and the microloan program for startups.

Call the SMB Loans Customer Service Center at 1-888-357-3547 for help with your application, or PRE-QUALIFY ONLINE in just 15 minutes!

 

 

Advantages of SBA 7(a) Loans

Most notable positive aspects of funding with an SBA 7(a) loan:

Low Interest Rates

SBA loans have some the lowest interest rates that a small business owner can come across. Fix rate and variable-rate loans are available. But even if your SBA loan is a variable-rate loan, you have the peace of mind that the rate can never exceed the SBA maximums.

Long Repayment Terms

SBA loan terms go up to 25 years for real estate, 10 years for equipment, and seven years for working capital. These long terms mean your monthly payments will be manageable.

No Collateral Requirements – Unsecured Business Loans

When getting your SBA 7(a) loan form SMB Loans your application will never be declined on the basis of insufficient collateral.

 

Pre-qualify for 7(a) loan in just 15 minutes!
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Healthcare:

  • Hospital Equipment – All Needs
  • Medical Laboratories
  • Nursing Care Facilities
  • Pharmacies
  • Home Health Care Services
  • Medical Office Equipment & Supplies (including dentists, chiropractors)
  • Veterinarians

Service:

  • Accounting, Bookkeeping and Tax Preparation
  • Advertising
  • IT related services
  • Insurance Agents
  • Training and development
  • Financial specialists
  • Geo-scientists
  • Funeral Services
  • Laundry and Dry Cleaning Services
  • Building Cleaning and Maintenance
  • and more

Specialty Trade:

  • Plumbing, Heating, AC
  • Roofing and Siding
  • Electricians
  • Flooring
  • Excavation, Wrecking and Demolition
  • Architectural and Engineering Services
  • And Others

Manufacturing:

  • Consumables (Food, Beverage)
  • Food Product Machinery
  • Household appliances
  • Furniture
  • Sports equipment
  • Factory systems
  • Just-in-time manufacturing
  • Manufacturing engineering
  • Mass customization, production
  • Products sold through wholesalers
  • Products sold through retailers
  • And other manufacturers supporting all approved industry types

Construction:

  • Above Ground Fuel Tanks
  • Bulldozers
  • Concrete Mixer
  • Cranes
  • Mechanic’s Truck
  • Dump Truck
  • Trailers, and more

Real Estate:

  • Commercial real estate (purchases, construction, or refinance)
  • Leasehold improvements
  • Business expansions
  • Machinery, equipment, furniture or fixtures
  • Franchises, Motels, Restaurants Gas Stations and C-Stores

 

SBA 504 Loans

The 504 loan consists of a conventional first mortgage, typically for 50 percent of the project cost, from SMB-Loans. The SBA -backed portion of the 504 loan will be a second mortgage, financing up to 40 percent of eligible project costs. The remaining 10 percent will be your small business owner contribution. Under certain circumstances, you may be required to contribute up to 20 percent of the total project cost.*

Maximum SBA loan amount: Loans are generally capped at $5 million. Certain eligible energy-efficient or manufacturing projects may qualify for more than one 504 loan up to $5.5 million each.

Interest rate: Below-market interest rates are fixed for the life of the loan.

Required equity: A low down payment (10 percent in most cases) conserves your working capital.
Terms: 10, 20 or 25 year terms.

Use of proceeds: Long-term, fixed assets for expansion or modernization (usually real estate or large equipment). Refinancing of large equipment and/or owner-occupied commercial real estate may also be possible.

* Startup and special-purpose properties may require an additional
contribution from the borrower.

SBA Working Capital Loans

SBA Fixed Assets Loans

About Us

Ashburn‘s Top SBA Business Lender

The Ultimate Source For SBA Business Loans

SMB Loans, a Branch of Business Funding New York LLC, is comprised of a group of highly experienced and seasoned, certified, financial professionals. With our knowledge and expertise, we will find a solution for all your financing needs. Unlike a bank, or local lending institution, which only lend to the most credit-worthy businesses, SMB Loans with its relationships and national lenders, will match you with the fastest and most affordable financing options you need.

We pride ourselves on delivering the highest standard of customer service. Over the last several years, we have established a reputation as leaders in our field by going above and beyond to ensure your needs and expectations are always met and exceeded.

Please contact us today for a FREE, no-obligation analysis of your financing needs. A member of our professional staff will contact you to discuss your business’s short and long-term financial needs.

Whether you need to get new equipment, finance your accounts receivable, raise working capital, or acquire Commercial Real Estate, SMB Loans can help you get approved and funded!

 

FREE Consultation

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    I need STANDARD SBA 7(a) Loan, $100k-$5MI need SMALL SBA 7(a) Loan, $50k-$350kI need EXPRESS SBA Loan, $50k-$350KI need SBA LINE-OF-CREDIT, up to $5MI need SBA Real Estate/Machinery Loan, up to $10MI need SBA Loan ApplicationsI want to speak with a Loan Advisor

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