When Small Businesses Need Big Capital
Having adequate funding for your small business is essential for success. BizCap Commercial Finance offers Small Business Administration approved loans, thus providing funds quickly and efficiently. Our financing helps you take your next step with ease. Here are a few examples where SBA loans work best.
Commercial Real Estate Purchases
To buy property with a guaranteed loan from this program, your company must qualify as a small business according to the Administration’s general criteria, but it must also plan to use the property for facilities. The business applying for the loan must take up a majority of the floor space in the building, and the purchase must be for $15 million or less. If all those criteria are met, you can purchase practically any property type, including but not limited to:
- Hotels and Motels
- Car Wash
- Gas stations
- Office Buildings
- Auto dealerships
- Auto repair shops
Financing Existing Business Application
Even if you do not own a small business currently, and are planning to buy one, you can apply for SBA loan. The SBA allows for purchase loans when a small company changes hands, provided the company’s income is under $1.25 million per year and its financial health is stable. We evaluate your application and notify you of the result in 24 to 48 hours. Terms can be up to 15 years and financing up to 80 percent.
Financing Expensive Equipment
Companies need to access the right machines to get work done, and finding lenders who will view these investments as long-term, low-overhead purchases can be a challenge. That’s why the equipment financing program at the SBA is so popular. With terms up to 25 years, it allows for large equipment purchases without a lot of up-front capital. A few examples include:
- Trucking equipment
- Dry cleaning and laundry equipment
- Diagnostic tools
- Manufacturing equipment
- Surgical equipment
Get Started Today
As a preferred lender, BizCap Commercial Finance can expedite your SBA loan requests and negotiate the most favorable terms and rates. Contact our offices today to learn more.