Small Business Loan Financing
Faster Access to Small Business Loans
As a small business owner, it’s easy to become plagued by “what-ifs.” What if your sales don’t project as you anticipated? What if you struggle to meet operating expenses? What if you need to expand? If you’re not careful, these “what-ifs” can easily call the future of your company into question. Fortunately, there are financial tools available to you to help overcome them. We here at Barrington Commercial Capital can make those available to you.
The Federal SBA Loan Program
The federal government has made funds available to you through the form of a small business loan administered by the SBA loan program. We here at Barrington Commercial Capital have been awarded the distinction of being a Preferred Financial Services company. What does that mean for you? Simply put, we work with lenders who’ve been given special permission to approve small business loans by the government. Thus, when you choose to submit your application through us, it’s being seen by eyes with the authority to grant approval faster than through traditional channels.
An SBA loan can be an effective way to help you obtain the assets needed in order to support your operations. These are loans are either classified as 7(a) or 504 loans, depending upon the size of your company, as well as your NOI. 7(a) loans can be obtained for anywhere between $200,000 and $5 million, while 504 loans can be taken out for up to $12 million. Financing is available through both loan programs for the following areas:
- 90% for real estate acquisition
- 80% for business acquisition
- 100% for debt refinancing
- 100% for equipment purchases for 7(a) (80 percent for 504)
Loan rates are competitive to current market rates. First and second mortgages are also available through the 504 program for select properties.
Imagine what an infusion of business capital could do for your small business. When you choose to work with us here at Barrington Commercial Capital, such imaginings can be turned into realties. As an SBA Preferred Financial Services company, we’ll get you the money that you need faster than the other guys can. Let us help you to set your small business on the course to success. To get your loan application started, just give us a call today.