Getting Funding From the SBA
An SBA loan is one offered in conjunction with the federal Small Business Administration, which has the purpose of helping America’s local companies succeed. At BrightLink Capital, we’re a Preferred Financial Services Company, which means that we work with the SBA to approve and finance your loan. This program is an excellent choice for a variety of different small businesses.
Our cooperation with government bodies allows for efficient and expedite processing of your loan, allowing you to get cash when you need it. Parameters will vary from loan to loan; each business will be carefully considered.
A commercial real estate loan can help you purchase, build, renovate, or refinance a property. We can work with a range of different property types, such as restaurants, clinic, gas stations, offices, motels, and more.
Our existing business program can offer up to 80% financing, based on your management capabilities and cash flow. These loans are available for up to $1,250,000 per year, with a maximum term of 15 years. We also offer equipment financing to help you acquire everything from vehicles to medical equipment to machine tools.
We also have 7(a) and 504 loans available, which are specific federal loans for a variety of situations. The 7(a) loan offers small businesses long-term or even permanent financing, for between 80% and 100%. Terms vary and rates are competitive, but almost any kind of business is eligible as long as it meets certain size standards. These loans range from $200,000 to $5,000,000.
On the other hand, 504 loans offer long-term real estate financing to small companies. Projects of up to $12 million dollars are eligible for 80% to 90% financing. Again, terms and rates will vary, depending on how valuable the property is.
If you’d like to learn more about our SBA loans, our associates are ready to assist you. Contact BrightLink Capital today to get started.