Could Your Business Benefit From An SBA Loan?
The SBA loan program from the Small Business Administration is designed to help small businesses gain access to financing that they wouldn’t have otherwise. Here at Quest End Capital, we believe that all businesses, big or small, should have access to the tools they need to grow. As a Preferred Financial Services company designated by the Administration, we offer an easy application with a quick turnaround to get you access to the funding you need when you need it.
What Can The Loan Be Used For?
Small businesses in most industries can qualify for an small business loan and can use the funds as they wish including on business acquisition, property purchases and enhancements, inventory and operating your everyday business activities. Some of the companies we’ve worked with include:
- Gas Stations
- Hotels & Motels
- Car Dealerships
- Car Washes
- Veterinary Practices
- Car Repair Shops
- Child Care Facilities
- Non-confirming Properties
- Single-purpose Buildings
How Does One Qualify?
Unlike other business loans, SBA loans only require you to prove that your business is in good health. This usually means providing us with proof of cash flow, but one of our team members can provide you with more details on what documentation you can use.
What Are The Terms?
Most loans are available for up to $5 million and usually come with a 25-year term limit, full amortization and no prepayment penalties. The rates can be fixed or variable for both the 7a and 504 options. The best part is that you can become prequalified in as little as 48 hours.
Existing business acquisition loans are slightly different. They offer the same simple application process and quick prequalification, but usually come with term lengths of up to 15 years. They’re amortized and have no ballooning or prepayment penalties.
If you need access to financing for your next project, there’s no better place to call then Quest End Capital. We can answer any questions you may have about the program and even send you an application to get started.