Small Business Loans

Finance Your Business with an SBA Loan

Many people dream of owning a business, whether it is their own creation or a franchise opportunity. The Small Business Administration (SBA) understands the entrepreneurial drive in people, and because the body wants to increase access to business ownership, it created several small business loan programs. As a Preferred Financial Services firm, Regal Point Capital Solutions can process and approve these loans.

SBA Loans and Property Types

Small business loans are excellent options for various properties and operations. As a qualified lender, we have seen clients from all professions start independent operations. Some of the most popular property types customers have used SBA loans for include:

  • Single-purpose buildings
  • Child care facilities
  • Veterinary practices
  • Motels
  • Hotels
  • Gas stations
  • Car washes
  • Car dealerships
  • Car repair shops
  • Nonconforming properties

Loans and Equipment Financing

SBA loans are also helpful in purchasing the necessary equipment for your operation. Some examples of covered equipment include:

  • Machine tools
  • Heavy Equipment
  • Trucking equipment
  • Manufacturing equipment
  • Diagnostic Equipment
  • Medical equipment
  • Laundry or dry cleaning equipment
  • Printing and binding machinery

Loan Limits and Specifics

The wonderful thing about small business loans is borrowers do not need to worry about prepayment penalties. They can also enjoy financing up to 90% with a 25-year term. The loan limit is $5,000,000, which is usually enough for most small businesses. Both fixed and variable rates are offered with the 504 and 7a programs.

Loans for Existing Business Acquisitions

There are some subtle differences when applying for a loan for an existing business acquisition. First, you can only apply for up to 80% financing with a 15-year term. Second, we will need to review your cash flow and management records. The loans still carry no prepayment penalties, and there is no balloon payment.

Contact Us With Any Questions

Are you ready to be your own boss? Contact a Regal Point Capital Solutions representative to discuss loan terms and the application process.