Expanding Your Small Business With Working Capital Loans
The Small Business Association loan program at Lendero is an ideal source of financing for your business. At Lendero, we are committed to the growth of small businesses nationwide and are proud to be classified by SBA lenders as a preferred financial services company. This designation signifies that the SBA has delegated the small business loan approval process to our stakeholders to ensure fast and efficient processing of your loan.
Commercial and Industrial Real Estate Financing
The SBA bases loans to businesses on eligibility requirements of standard industry aspects. For example, the loan proceeds can establish a new business, assist in a merger or acquisition, or enhance the development of a current one. At Lendero, we focus on supplying long-term, permanent small business loan financing to small companies. Highlights and benefits include:
- Loans ceiling to $5 million with 25-year terms
- Owner-occupied properties, including non-conforming real estate
- Equipment financing for heavy equipment
- 7(a) term loan program provider
- Existing business acquisition loans
- Up to 80 percent financing with no balloons
We offer fixed or variable rate options, competitive rates and 48-hour pre-qualification in most instances.
Eligible Property and Business Types
Typically, eligibility requirements include retail businesses with sales of less than $6 million annually, service businesses with less than 100 employees, and manufacturing businesses with fewer than 500 employees. Eligible firms include the manufacturing, retail and service industries.
Nearly any type of a for-profit business qualifies for financing as long as you partially occupy the property. A few examples of qualifying property types include:
- Office and industrial buildings
- Automotive repair and gas stations
- Restaurants and retail shops
- Single-use buildings
- Warehouses and manufacturing facilities
- Hotels and motels
These financing solutions are best for businesses in a variety of industries, including those that are new, in start-up mode or recently acquired.
Get Started Today
For more details about the small business loan program, contact Lendero today. Our industry expertise allows us to determine the best option for your business needs.