SBA Loans- SBA Financing-SBA 7A Loans-SBA 504 Loans

SBA Loan Programs

SBA Loan Programs

Advance Capital Group is a nationally recognized company helping entrepreneurs achieve their business goals. We have been designated as a Preferred Financial services company by SBA lenders to have loans processed more quickly and efficiently than many others.

There are a number of advantages to an SBA loan, including longer terms, no points, no balloon payments and you get long-term, fixed rate financing at below prime interest . To learn about our SBA 504 loan program click here.

Who is Eligible for a SBA loan?

Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.

SBA Loan Qualifications

Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
Wholesale businesses with employees up to 100 regardless of sales volume
Manufacturers with employees up to 500 depending on the industry, regardless of sales volume

SBA 7(A) Loan Size $150,000 to $2.0 million

Use of Proceeds

Commercial real estate (purchases, construction, or refinance)
Leasehold improvements
Business expansions
Machinery, equipment, furniture or fixtures
Business acquisition
Working capital (offered in conjunction with some of the above)
Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)

Other Credits Considerations

Business must have adequate historic cash flow to cover the proposed debt
Business debt to net worth must meet industry averages
Borrowers must be actively involved in the day-to-day operation of the business
Satisfactory personal credit histories are required for all principles and guarantors
No past bankruptcies or felony arrests

24 Hour Pre-Approval

At Advance Capital we know that our clients time is valuable. Therefore we have created our 24 hour pre-approval sba loan program to to make the sba loan application process quick and efficient. Once you have completed this application, we will issue a Pre-Approval Letter to you within 24 hours, assuming qualification.

Here’s the checklist for our 24-hour Sba Loan Pre-Approval Application:

2 full years of business tax returns on the business to be acquired, or if the business is expanding and/or looking to acquire real estate on the existing business.
A resume and 1 year personal tax return.
An executive summary of the transaction.
A completed and signed authorization form with personal financial statement.

With our 90% loan-to-cost SBA Loans, owners of small and mid-sized businesses can preserve capital and maximize cash flow to better afford purchasing equipment or commercial real estate instead of leasing. Our clients receive all the benefits of ordinary bank financing but with less money down, longer fixed rate terms, more convenience, faster turnarounds and better customer service.

For additional questions and/or clarification regarding the SBA 7A Loan Program or SBA 504 loan program, please contact us directly at 888-346-6871 for an sba loan.