Ashburn SBA Business Loans

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

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pre-qualify for 7(a) in 15 minutes

SBA 7(a) Loans

Flexible Multi-Purpose Loan Program

We Help You Get Approved!‎

SBA 504 Financing/Leasing

Commercial Real Estate & Heavy Machinery

We Help You Get Approved!‎

SBA COVID-19 Assistance

$50,000 – $2 million


US Businesses of all sizes and nonprofits including charitable organizations such as churches and private universities are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).

Paycheck Protection Program (PPP) – An SBA loan that helps businesses keep their workforce employed during the Coronavirus crisis, will be available through June 30, 2020.

Main Features 

Qualify with:

  • Show schedule of Liabilities
  • No outstanding tax liens
  • No current loan delinquencies
  • No defaults on government loans
  • Business owners must be US citizens or legal permanent residents

Beyond The Numbers:

  • All industries are welcome
  • SBA loans for small businesses
  • SBA loans for Nonprofits
  • SBA loans offered at low rates
  • SBA loans offer longer maturities
  • SBA loans offer higher leverage

Use of Proceeds:

Funds must be used for certain purposes. Acceptable purposes include working capital, paying fixed debts, payroll, accounts payable, and paying other bills that could have been paid had the disaster not occurred.

It is NOT acceptable to use loans to replace lost sales, enhance profits, refinance long-term debt, or fund expansion opportunities.

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
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 – $5.5 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

a BFNYC website

Loans That Empower Over 500,000 Small Businesses

Coronavirus SBA Loan Program

Paycheck Protection Program (PPP) is an SBA loan that helps businesses keep their workforce employed during the Coronavirus crisis.

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.

SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.

Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.

Small businesses in the hospitality and food industry with more than one location could also be eligible at the store and location level if the store employs less than 500 workers. This means each store location could be eligible.

Call the SMB Loans Customer Service Center at 1-888-357-3547 for help with your application.

SBA 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 APPLY ONLINE to pre-qualify in just 15 minutes!

SBA 7(a) Program

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.

COVID-19, SBA 7a, SBA 504 – Business Loans

Disaster Assistance, Heavy Machinery, Equipment, Real Estate – SBA Loans

Helping You Get Approved. Getting You Funded!

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

Pre-qualify in just 15 minutes

SBA Working Capital Loans

SBA Fixed Assets Loans

About SMB Loans

SMB Loans (a branch of Business Funding New York LLC) is offering Small Business Administration (SBA) low-interest, long-term disaster loans to businesses of all sizes, and to private non-profit organizations. Our loan offers have great terms and are the most affordable way for businesses and other organizations to recover from declared disasters.

Success Stories

SBA COVID-19/Coronavirus & SBA Multi-purpose Loans

Jone Than, San Diego CA



In the old days, when my father took out a business loan, it was through a crowded local bank and by sending many faxes.

Now, while Ben was with me on the phone, I completed an easy online application. I was welcomed by a professional who cared about making me comfortable along the way. I received a wonderful, personal service from start to finish… and funds within 48hrs.

San Diego, CA
March 2020

Dara Kasten, Savannah Tennessee



I wanted to extend a heartfelt thanks. I know you were doing your job: just thank you for saving my dream. life has been rough since this began mom and u put all we had into it. I did not know what to expect. everyday lately i struggled trying to get noticed and bring people in. my daughter and adopted child didn’t help much at all. my other half would help a bit financially but would pocket money that was for the business. in the process of trying to help everyone it just fell apart. all I felt was the pain of bankrupting my mom…not being able to pay her back as I promised….not being able to take care of her in her old age. being a failure. lost my home..my car…my pride and self worth about to loose my possible lively hood my dream.. lost my faith in God questioning y tp all this bad stuff I thought this was gift from God at first….for surviving and struggling after a 10 year abusive marriage. I reached out to yall as a last ditch effort for reviving it all. not the most idea ways of obtaining the monies needed…but hey regardless of the pay back fees and credit cards it’s a life boat and i am kinda smart lol. just thank yall for saving my life and restoring my faith.

Horseshoe Sports Bar & Grill
Savannah Tennessee
November 2019

Gil Thompson, New York NY



I can’t say enough about Ben, and how helpful he was during this whole process, he’s absolutely the best! I was in a situation with some time constraints, and Ben managed to get everything done within the necessary timeframe. I had a lot of questions, and he answered them all, was always knowledgeable and kind.

New York, NY
May 2019

Jim S.

Startup manufacturer needed $100,000

Joan P.

Optometrist needed $75,000 to expand her business

Frank A.

Needed $125,000 to increase his inventory for the upcoming season

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

Speak with a SBA Loan Advisor

No-cost, No-obligation




I need SBA Paycheck Protection Loan (PPP)I need SBA COVID-19/Coronavirus LoanI need SBA Express LoanI need SBA 7a Multi-purpose LoanI need your SBA Loan Application

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600 3rd Avenue, New York, NY 10016

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