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SBA Loans
Get an SBA Loan

What Exactly is an SBA Loan?

First, let’s dispel a myth – the SBA doesn’t make direct loans to entrepreneurs to start or grow a business. Instead, it provides a guarantee to banks and lenders for the money they lend to small businesses owners. This guarantee protects the lenders’ interests by promising to pay a portion of the loan back if the business owner defaults on the loan. So when a business applies for an SBA loan, it is actually applying for a commercial loan through a bank or authorized SBA lender, structured according to SBA requirements with an SBA guarantee.

Essentially, SBA loans alleviate the risk associated with lending money to business owners and entrepreneurs who may not qualify for traditional loans – thus opening up lending opportunities to thousands of entrepreneurs, start-ups, growing businesses, minorities, and veterans.

7(a) vs 504 SBA Loans

With an SBA 504 loan, proceeds can be used to buy a building, finance ground-up construction or building improvements, or purchase heavy machinery and equipment. 7a loan proceeds can be used for short-term or long- term working capital and to purchase an existing business, refinance existing business debt, or purchase furniture, fixtures and supplies.

Our team is very experienced in the navigation of the process of securing an SBA Loan. Let Enkempes help you get the capital you need, and save you a headache.

Advantages of SBA Loan Programs:

  • Up to 90% financing (on commercial real estate purchases)
  • Loans up to $11.25 million
  • Terms up to 25 years
  • No balloon payments
  • Non-real-estate business acquisition or partner buyout transactions
  • Refinance existing debt

Thinking About Applying For An SBA Loan? Contact Us Today- Let’s Talk About It!

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