Our Solutions
Our Solutions
SBA LOANS
If you’re a small business owner seeking financing, the U.S. Small Business Administration (SBA) offers a range of loan programs designed to support and empower entrepreneurs like you. SBA loans provide access to affordable capital with favorable terms and flexible repayment options. Whether you’re starting a new venture or looking to expand your existing business, the SBA’s loan programs can be a valuable resource. We are here to guide you through the SBA loan process, navigate the requirements, select the right loan program, and maximize your chances of approval.
Let us assist you in securing the funding you need to fuel your business growth and achieve your entrepreneurial dreams.
Why SBA LOANS?
SBA loans work by providing financial assistance to small businesses through participating lenders, such as banks and credit unions. The U.S. Small Business Administration (SBA) guarantees a portion of the loan, reducing the risk for lenders and making it easier for small businesses to access financing.
How does it work?
Here’s a general overview of how SBA loans typically work:
- Eligibility: Small businesses must meet certain eligibility criteria established by the SBA, which includes factors such as size, industry, revenue, and business structure. The specific requirements may vary depending on the SBA loan program.
- Loan Programs: The SBA offers various loan programs to cater to different financing needs. The most common programs include the 7(a) Loan Program, the CDC/504 Loan Program, and the Microloan Program. Each program has its own set of eligibility criteria, loan amounts, and allowable uses of funds.
- Lender selection: we will select an approved lender that participates in the SBA loan programs within our marketplace, such as a bank or credit union, and work with the lender to submit all the detail financial information.
- SBA Guarantee: Once the lender approves the loan, they submit the application and supporting documents to the SBA for a guarantee. The SBA reviews the loan and, if approved, issues a guarantee to the lender for a portion of the loan amount, mitigating the lender's risk.
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SBA LOANS
FAQ
Generally, small businesses that meet the SBA’s size standards and operate for profit are eligible for SBA loans. Eligibility criteria can vary depending on the specific SBA loan program.
The SBA offers various loan programs, including the 7(a) Loan Program, CDC/504 Loan Program, Microloan Program, and others. Each program has its own eligibility requirements, loan limits, and allowable uses of funds.
SBA loans can be used for a range of business purposes, such as working capital, purchasing equipment or inventory, refinancing existing debt, funding business acquisitions, or even real estate purchases for business use.
SBA loans offer longer repayment terms, lower interest rates, and more flexible requirements compared to conventional loans. They can provide small businesses with access to affordable capital and help support their growth and expansion.
The documentation requirements can vary depending on the lender and the specific loan program. Generally, you will need to provide financial statements, business tax returns, personal tax returns, business plans, and other supporting documents.
The time for approval can vary depending on factors such as the complexity of the loan application, the lender’s internal processes, and the SBA’s review timeline. It can range from a few weeks to several months.
Collateral requirements for SBA loans can vary based on factors such as the loan amount and the lender’s policies. The SBA does not typically require collateral for loans up to a certain threshold, but individual lenders may have their own collateral requirements.
Why Amrock Financial?
AmRock Financial hasprovided $1 billion + in financing to more than 400+ small and mid-sized businesses in the US and Canada over the last 16 years, working with a pre-approved network of 1700+banks and Non-bank lenders nationwide.
If you are looking for a business loan, refinancing, or additional working capital, we provide Debt Structures from $1 million to $100 million.
Although banks have reduced lending in today’s market there are many other funding options available to you.
If you’re interested in scheduling a 30 min introductory call, book a meeting here:
Overview of our
Financial Solutions
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