SBA Loans Build Better Businesses
Our small business loan program is a great choice for many different companies. Our SBA loans are offered in partnership with the federal Small Business Administration, which aims to help local companies thrive. Upward Capital Funding is a Preferred Financial Services Company, which means that the Small Business Administration has delegated the approval process of your loan. This allows for quicker and more efficient processing of your loan.
We offer a wide range of SBA loan services. Our commercial and industrial real estate financing is offered to a variety of businesses, including gas stations, restaurants, auto dealerships, hotels and motels, veterinary clinics, and even non-conforming properties. They are available to assist with purchases, new construction, refinancing, and even renovations.
Existing business acquisition loans are available for up to $1.25 million per year, for a maximum 15-year term. We can offer up to 80% financing. Our primary indicators for eligibility are your company’s cash flow and management capabilities, rather than size or credit history. We can also help finance a wide range of equipment, including:
- Machine tools
- Heavy equipment
- Manufacturing equipment
- Medical equipment
- Diagnostic equipment
In addition, we offer loans for up to $5 million. These financing options have competitive rates and flexible terms, with no cost pre-qualification letters or pre-payment penalties. These loans come with fixed and variable rate options on both our 7(a) and 504 loan programs.
The 7(a) loan program is designed to provide long-term permanent financing to small businesses. Almost any type of for-profit business is eligible, based on the size standards of the Small Business Administration. We offer between 80% to 100% financing, depending on the use of the loan, with varying terms and competitive interest rates. Amounts range from $200,000 to $5 million.
The 504 loan program provides long-term real estate financing to small businesses. 80% to 90% financing is available on projects up to $12 million. Terms and rates vary depending on the value and mortgage of the property.
At Upward Capital Funding, we’re ready to help you attain SBA loans. Contact us today for more information or an application.