SBA 7(a) Loan Program
From Money Man 4 Business
Check your eligibility in less
than 3 minutes with our Eligibility survey.
OR
Best for small to medium size business owners
SBA 7(a) can be very useful for small to medium size businesses due to their longer and flexible repayment period. We at Money Man 4 Business make sure you get the best program at best rate for your business growth and success. And we have made this easier for your business to check their eligibility for our business loan programs with our 3 minutes eligibility Survey. Just visit our website moneyman4business.com and click on 3 minutes eligibility Survey.
What is SBA 7(a) loan program
An SBA credit is a legislature ensured private company advance that has a long run and a low-financing cost. The Small Business Administration (SBA) is the administrative organization that somewhat ensures SBA credits and is established in 1953 to help entrepreneurs over the United States.
SBA business loans available many different rates varying from bank to bank or lenders to lenders you work with. however, the SBA decided the maximum interest that can be charged for these business loans. SBA business loans from banks in the Money man 4 business network have variable financing interest rates and very much dependent upon the amount you required.
Features:
- Amounts up to $5 million
- Tenure up to 25 years for real estate
- Tenure from 10 to 15 years for non-real estate debt
- Interest rate Current Prime + 3% variable rate
- Longer amortization
- No Collateral required depending upon cases
- Closing costs can be included in loan
Use of Proceeds:
- Cashflow and Working capital
- Business acquisitions
- Business expansion
- New Franchise financing
- Machinery & equipment acquisitions and refinancing—up to 100%
- Line of credit restructuring and lease refinancing
- Real estate acquisitions or refinancing—up to 90% financing available (51% owner-occupied)
- Construction loans—up to 90% financing available
SBA 7(a) Advantages
SBA 7(a) loans credits from $30,000 – $5 million from banks via Money man 4 business network and can be utilized for debt refinancing and working capital. Working capital can be operational costs, advertising, employing, and so on. SBA loans can be utilized to purchase new equipment also.
Existing Business debt refinancing can also be done by using an SBA 7(a) loan which are not secured by real estate for example, loans, business cash advances, and existing equipment leases.
SBA Commercial Real Estate capital from $400,000 – $5 million from banks using Money man 4 business network and can be utilized for the buy or renegotiate of business land that is 51% owner occupied.
Eligibility
- Must be a US Based business
- Must be in business for at least for 13+ Months (2 years business tax return)
- Must have credit score 650 or above
- Minimum Gross Annual $30K+
Required Documents:
- Six months of bank statements, current month to the date Bank statement
- Two to Three years of Business tax returns.
- Three years of personal tax returns for each owner of the business.
- 2024 Current Year to Date P&L / Balance Sheet dated within the last 30-60 days.
- Schedule of Liabilities (download) Loans like SBA EIDL
- Color copy of US government-issued identification. If State Drivers License must have both sides in color
- Copy of your Experian credit report https://www.experian.com/
- Money Man 4 Business application (LINK)
Call us today we will assist with any questions or application requirements. Loans are Pre-Approved within 2 business days and complete funding within 5 to 15 business days.
Get Started Here!
It is quite easy for you to apply with us. Just visit our website moneyman4business.com. Look for SBA 7(a) loan program or any other programs you like to apply. At the top of the page you will find Apply online button, Just hit it and fill the application and you are good to go or else just call us at 888.882.2741 Ext-0. We are always here to help, If for whatever reason it goes to voicemail, We will call you back as soon as possible.
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