SBA LOANS

We admire small business owners. If that’s you, we want to help you get the funding you need to make your hard work pay off. Whether you’re investing in new real estate, equipment or something else, we’re here to connect you with lenders that can make your dreams a reality.

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SBA Loans: An Explanation

The U.S. Small Business Administration guarantees SBA loans and regulates their interest rates, allowing small businesses to stay competitive among corporate giants.

The two main types of SBA loans you’re likely to see are SBA 504 loans and SBA 7(A) loans. Each type has its own uses and merits.

You can only use SBA 504 loans to cover construction, real estate or equipment costs. You will need to contact an SBA-authorized Certified Development Company (CDC) if you want to apply. You will also need to provide ten percent of the loan value as a down payment. The rest of the loan money comes from the SBA and private lenders.

SBA 7(A) loans differ in that, while they are guaranteed by the SBA and cover the same projects as a 504 loan, they can also provide working capital.

Important Information Regarding SBA Loans

Here are a few things you need to know if you’re thinking about applying for an SBA loan:

If your business has more than $15 million in assets and earns more than $5 million in annual net revenue, you probably aren’t eligible for an SBA loan.
Some industries have additional requirements for SBA loan eligibility.
The SBA requires that you have tried other avenues of funding and used your personal assets before applying for a loan.

Real Estate

When your business grows, your workspace needs to expand with it. Whether you’re moving into a bigger building or reaching out to a new neighborhood, we can help you move into an SBA loan to help you acquire the right property.

Equipment

Nearly every business relies on some form of equipment to operate smoothly. Even if your business doesn’t use heavy machinery, an SBA loan can fund anything from tools, to vehicles and on to networking systems. Talk to us about your equipment needs.

Refinancing

Both the 7(a) and 504 loans can be used to refinance other debt as long as the previous loan meets SBA requirements. Reduce monthly payments, interest rate, or both. If you want to free up cash by switching to a lower interest rate loan, we can help.

When Aren’t SBA Loans a Good Fit?

Nonprofit organizations aren’t eligible for SBA loans, and neither are large for-profit companies. If you fall into one of those categories, there are other funding options available to you.

What if You Need More Than $5 Million?

In most cases, the SBA won’t finance over the $5 million limit. Sometimes, however, your business could be eligible for up to $5.5 million. However, the SBA 504 program combines SBA guaranteed funds with an additional loan to double to total financed amount.

504 or 7(A)?

The two most common types of SBA loans are relatively similar. The best option for you will depend on your business’s circumstances and needs.

Are There Other SBA Loan Options?

Yes! You’re not limited to 504 or 7(A) SBA loans. The SBA offers other loan options, as well as additional funding choices.

If you’re a small business owner in need of a financial solution today, talk to one of our lending experts to learn more about your options. We’re here to help you succeed.

ADVANTAGES OF

SBA loans

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You can get 90 percent or more of a project financed.

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SBA loans are made with small businesses and their needs in mind, so they’re more likely to work with your unique circumstances.

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The SBA keeps interest rates manageable.

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You won’t face balloon payments when the loan period ends.

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PHONE

Toll-Free: 855-497-2686
Local: 210-756-6408
Fax: 210-485-3842

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Email

Info@BlusteelCapitalSolutions.com

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Address

11844 Bandera Road, Suite 520
Helotes, TX 78023

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