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As an entrepreneur, you dedicate yourself every day to making your vision for your small business a reality. You produce innovative new products, train and supervise hardworking employees, and provide exemplary service to customers. With so much of yourself and your resources invested in your business, it’s easy to think that success is guaranteed.

In fact, that’s only the beginning of the entrepreneurial journey. Almost every small business owner will need an infusion of working capital in order to expand or sustain their business. Small business funding can come from a variety of sources including term loans and lines of credit. Another well-known option is a loan secured by the U.S. Small Business Administration (SBA).

An SBA loan is a long-term, low interest rate loan guaranteed in part by the government. Value One has helped plenty of small business owners successfully secure SBA financing and we can do the same for you.

SBA Loans for Small Businesses

The SBA is a federal agency that helps entrepreneurs develop their businesses through education, and increased access to funding and contracting opportunities.

The term “SBA loan” can be somewhat misleading because, in most cases, the SBA doesn’t actually lend money directly to small businesses. In fact, banks that participate in the SBA loan program lend the money to small businesses and the SBA guarantees a portion of the loan using government funding. This guarantee reduces the financial risk to the bank and gives lenders more incentive to provide loans to small businesses.

Because they are backed by the government, SBA loans are typically easier to access, more affordable, and have less stringent credit guidelines. SBA loans offer lower interest rates and extended repayment terms compared to traditional business loans.

Still, not every small business qualifies for an SBA loan. Therefore, it’s important to understand how the SBA loan process works and the eligibility criteria for securing an SBA loan for your small business.

Ready to find out if you qualify for an SBA loan? 

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SBA Loans

As an entrepreneur, you dedicate yourself every day to making your vision for your small business a reality. You produce innovative new products, train and supervise hardworking employees, and provide exemplary service to customers. With so much of yourself and your resources invested in your business, it’s easy to think that success is guaranteed.

In fact, that’s only the beginning of the entrepreneurial journey. Almost every small business owner will need an infusion of working capital in order to expand or sustain their business. Small business funding can come from a variety of sources including term loans and lines of credit. Another well-known option is a loan secured by the U.S. Small Business Administration (SBA).

An SBA loan is a long-term, low interest rate loan guaranteed in part by the government. Value One has helped plenty of small business owners successfully secure SBA financing and we can do the same for you.

SBA Loans for Small Businesses

The SBA is a federal agency that helps entrepreneurs develop their businesses through education, and increased access to funding and contracting opportunities.

The term “SBA loan” can be somewhat misleading because, in most cases, the SBA doesn’t actually lend money directly to small businesses. In fact, banks that participate in the SBA loan program lend the money to small businesses and the SBA guarantees a portion of the loan using government funding. This guarantee reduces the financial risk to the bank and gives lenders more incentive to provide loans to small businesses.

Because they are backed by the government, SBA loans are typically easier to access, more affordable, and have less stringent credit guidelines. SBA loans offer lower interest rates and extended repayment terms compared to traditional business loans.

Still, not every small business qualifies for an SBA loan. Therefore, it’s important to understand how the SBA loan process works and the eligibility criteria for securing an SBA loan for your small business.

Ready to find out if you qualify for an SBA loan? 

We add Value by adding to your working capital.

Additional funds enable small business owners to open new doors, whether they are starting a new business or growing an existing one. We offer a range of working capital options that add value to small and mid-sized businesses across the country.

Applying for an SBA Loan for Your Small Business

The application process for an SBA loan is similar to that of other types of loans.  Banks are interested in financing applicants that have a comprehensive business plan, a good credit score, and enough resources to pay back the loan.

When you apply for an SBA loan, the financial institution will review your credit history, and analyze your business’ cash flow, sales, and expenses. Lenders will request financial documents and details about your business’ products, services and customer base. They may also ask you to identify tangible assets that can be used as collateral for the loan.

Lenders will also ask for a description of how the loan will be used. An SBA loan can be used for virtually any business purpose. Small business owners typically use SBA loans to purchase new equipment, expand their businesses through property purchases, or fund ongoing operations.

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Choosing the Right SBA Loan Program for Your Small Business

Although the term “SBA loan” is commonly used, in actuality, there are several types of loans covered under the SBA loan program. The SBA loan program that is the best match for your small business depends on several factors including how long your business has been in operation, the size of your business, and your goals for your business.

SBA 7(a) loans and CDC/504 loans are the most well-known types of SBA loans. An SBA 7(a) loan can be used for a variety of general business purposes. These include operational expenses, inventory purchases, buying equipment, building construction, and short-term working capital.

A CDC/504 loan is typically used for commercial real estate transactions and to buy major fixed assets such as equipment. This includes buying land, renovating existing facilities and constructing new buildings.

Additionally, the SBA also has a microloan program that provides loans of less than $50,000 to start-up companies and small businesses. The average microloan is $13,000 and can be used as working capital as well as to purchase inventory, equipment, and furniture.

With so many SBA loan types to choose from, it can be helpful to have a guide to walk you through all of the options available to your small business. Value One can assist you in identifying the SBA loan that is right for you and work with you through the application process.

With one phone call to Value One you’ll have access to a team of knowledgeable advisors who are as dedicated to you as you are to your business. We’ll explain the nuances of SBA loans and give you the information you need so you can put forward a strong application.

Call us at 855-248-5050 or complete the form below to take the next step toward your business goals.
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