What are the key benefits of an SBA loan?
- They’re cheaper than a conventional loan for Loans 250k to 350k.
- Can be used for Debt Refinance, Equipment Purchases, Start-Up Loans, Revolving Lines of Credit, Export Financing, Purchase of Commercial Real Estate, Partner Buy Outs etc.
- Extended Terms: Usually, we offer longer repayment terms, lower payments and no prepayment penalties (except on commercial real estate).
- Fully amortized/no balloons. No pre-payment penalties for loan terms under 15 years
- Competitive Rates