Small Business Loan

Small Business Loan Solutions from the SBA

When you need to access the financing that will allow your company to succeed, you need to be able to find all the programs that are designed for companies like yours. For smaller businesses, that means working with programs like those offered by the Small Business Administration. These small business loan opportunities are designed to help companies grow so they can make communities stronger. As a preferred lender through the SBA programs, Wise Commercial Capital can process your application efficiently to ensure you have the ability to get determinations more quickly.

Equipment Loans

The equipment loan program is one of the best known small business loans out there and that’s because the guaranteed interest rates and the loans with longer terms make it easy for borrowers to focus on growing their companies by controlling their monthly overhead. These loans have a few notable features:

  • Terms up to 25 years
  • Fixed interest rates
  • Payments that amortize

Commercial Real Estate Loans

When you need to purchase facilities for your business to operate out of, the Administration can help with loans to cover the expenses there too. For buildings to qualify, they need to be valued at or under $15 million and you need to plan to occupy the majority of the square footage. Other than those requirements, the program is very open providing loans to cover a number of business-specific property types including:

  • Restaurants
  • Storefronts
  • Light industrial space
  • Office space
  • Gas stations
  • Auto Repair shops

Acquisition Loans

The SBA also recognizes the value that can come from preserving businesses in communities and that’s why they work so hard to facilitate acquisition loans that cover up to 90 percent of the LTV when you purchase a financially healthy company with an income under $1.25 million.

For more information about the small business loan opportunities presented by the Administration or to start an application, contact us today.