Table of Contents
Capitalize Your Small Business - The Smart Way
What is an SBA 7(a) Loan?
The SBA 7a loan is one of the most popular commercial loans offered by the SBA, and is geared toward new borrowers and those borrowers who may be considered “weak” in their financial position. If you qualify for an SBA 7(a) loan, Capitalize will help you get funding for better business efficiency. This is because this incentivizes lenders to fund borrowers who they might not want to take the risk on.
SBA 504 Loan
Looking to finance a big commercial property purchase? You will most than likely will need a large amount of capital, and it is obtainable through the SBA 504 Loan program. These loans are readily available for bigger purchases such as, machinery, and also property. Due to the large price tag of these types of purchases, the SBA 504 program is capped at $20 million. So make sure you are prepared and aware of the substantial amount of money you will have to put down.
A small business loan, like the SBA 7(a) loan, can be exactly the nudge you need to grow your business or organization — but no matter how you spin it, borrowing for your business is a bid decision. That is why Capitalize makes it easy, not requiring to take collateral for loans up to $25,000. If the loan exceeds $350,000, the SBA requires that the lender collateralize the loan to the maximum extent possible up to the loan amount. The turnaround time for a loan typically takes 5-10 business days with a maximum loan amount of $5 million.
Microloans
This is an SBA program that loans up to $50,000 to help small businesses and not-for-profit childcare centers. According to the SBA, the average amount of a microloan is $13,000.
What Can It Be Used For?
- Start-up costs
- Funding a business
- Commercial Real Estate
- Working Capital
- Equipment and supplies
- Land
- Repairing existing capital
- Refinancing debt
*Proceeds from an SBA microloan cannot be used to pay existing debts or to purchase real estate
How It Works!
Capitalize helps small businesses obtain needed credit by giving the government's guarantee to loans by commercial lenders. Since this is a bank loan, applications are submitted to the bank and loan payments are paid to the bank. Capitalize helps you in getting that , YES! One quick single application through our site will help you get started right away.
