Grow your business by connecting with our team! ; Fast approvals & underwriting on loans · Close on your loans with a sense of urgency · Access to SBA Experts
Our Methodology ; SBA loans can be used for most business purposes, including working capital, real estate acquisition and long-term fixed assets. ; Proof that you’ve exhausted other financing options from non-government sources ; Repayment terms: Up to 10 years for working capital loans, up to 25 years for commercial real estate loans ; Interest rates: Typically about 3% of the loan amount, but is pegged to the 10-year U.S. Treasury
, SBA 7(a) Loan Program ; Use of Funds, Working capital Equipment & inventory purchase Leasehold improvements & construction Business acquisition Real estate purchase Business debt refinancing ; Standard Loan Structure, Loan structure varies based on the financing request ; Loan Terms, Business involved project – up to 10 years Real estate involved project – up to 25 years ; Interest Rate, Variable rate based on Wall Street Journal Prime (WSJP) Rate plus a margin ; Eligibility Requirements, Must meet the SBA size standard based on annual gross revenue or number of employees by business industry type Must be a for-profit business operating and located in the United States
ownership, lending criteria, hazard insurance requirements, and reconsiderations. Specifically, SBA is amending 13 CFR 120.130 on “Restrictions on uses of proceeds”; 13 CFR 120.150 on...
Why CCFBank? ; Expertise: CCFBank is an SBA Preferred Lender, meaning a faster, more streamlined process, so you can turn your ambitions into achievements. ; Experience: With extensive small business experience, we’ll help you fund your future with an SBA-approved loan that works for you. ; Ease: The SBA loan process can feel overwhelming and arduous. We’re here to help you navigate each step of the process with ease.
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Uses: equipment, supplies, furniture, renovations, inventory, acquiring or starting a business, working capital, land or refinance existing debt ; Uses: working capital, furniture, supplies, or equipment ; CDC/504 Loan
Easy Qualification ; Fast Approval* ; Simple Process ; Variable Interest Rates
Startup businesses will need to meet the above requirements for an SBA 7(a) loan and also have: Demonstrated experience: Startups need to show the lender they have sufficient industry or...
" In the M&A financing space, nothing could be further from the truth when it comes to SBA lending. An Example Scenario: Meet Joe and Bob. Joe is a traditional, hard-working business owner...