Give Your Small Business a Big Boost
If you’re anything like other small business owners, you may have hit a wall in regards to successfully funding your business. Complete Business Capital is well experienced in working with businesses like yours, which is why we feel you might be the perfect fit for a special loan backed by the U.S. Small Business Administration or SBA. These loans can go up to $5,000,000 for the SBA 7(a) program.
A Great Solution to an Age-Old Problem
Banks provide regular business loans but are very strict with their qualification criteria. When the SBA guarantees a business loan, a bank can afford to be a little more flexible, which helps more small companies. However, since the Government is involved, there is more paperwork and the process can get drawn out. But this is where Complete Business Capital can make a big difference!
- We know the SBA criteria and make sure you are eligible before you apply
- We review financials to see if your business can support the loan, saving time and heartache
- We partner with SBA preferred lenders who move much faster than regular banks and save you time
Many industries fit well with SBA loans including:
- Medical / Dental
- Motels and hotels
Qualifications for SBA Loans
While we’d like to offer SBA loans to every small business, there are qualifications applicants have to meet. Besides strong personal credit, items such as these will be considered: the company’s current financial standing, business credit, size, and for-profit status. Additionally, your eligibility is also dependent on whether you qualify for other financing options. If your business is a start up, you’ll also need to have 25% of the launch costs from your own funds.
How You Can Use SBA Loans
SBA loans can be used for many purposes. For instance you can,
- Purchase a business
- Hire new workers
- Refinance high interest debt
- Buy new equipment
- Buy a business location
- And more!
Are you ready to see what your business can really do? Apply for an SBA loan to reach your full potential. If an SBA loan is not right for your business we will help find an alternative solution to get the financing your business needs. Contact us to get started today!