Streamlined SBA working capital is now available up $500,000 with rates starting at Prime plus 3%. Funding under $50,000 can even occur in days, often without collateral or financials.
Eligible businesses can avoid costly merchant cash advances, pay $0 in SBA guarantee fees, and transition to predictable monthly loan payments.
When most people think about commercial loans, what comes to mind is permanent bank loans. These are 25-year fully-amortized loans, in the minds of most people. They think of these loans, because these are similar to the loans most people have on their residences.
However, permanent bank loans are quite rare. Most permanent loans are going to be on owner-occupied properties. Investors will typically opt for interest-only loans of several years, so as to increase annual cash flow. They don’t want to tie-up money inside a hard asset, so they are quite happy to let the balance ride.
Even with permanent loans, the vast majority of these will be agency loans, with permanent bank loans reserved for the best, most financially-solid borrowers.
Contact us to see which financing option is best for your circumstances.
