Small Business Administration Loans
For many small business owners, trying to get financing for various operational expenses can be a challenge. Usually, banks and other traditional lenders can be wary about providing funding to new, untested companies.
Fortunately, there is an alternative. The Small Business Administration (SBA) is committed to helping entrepreneurs like you get the money you need to keep your enterprise running smoothly. Although the SBA doesn’t provide financing directly, it does guarantee the value of your loan, making lenders more likely to provide funding. By working with us, you can get insight into how to apply for and receive SBA financing. We’ll show you the best options for your business so you can move forward on your terms.
SBA Real Estate Loan/Owner-Occupied Commercial Real Estate
One of the best business ventures you can get into is commercial real estate. Even if your company is in a different industry, there are plenty of benefits of owning your building. Not only can you expand your operations more quickly, but you can build equity that you can leverage down the line.
Commercial real estate loans from the SBA can help you find the right property for your business. Best of all, you can invest in rental spaces to help pay off your mortgage and earn passive income. In those cases, these properties have to be “owner-occupied,” meaning that you have to operate in at least 51-percent of the space. Call us to find out more about these loan opportunities.
SBA Equipment Loan
Depending on your industry, buying equipment to serve your customers can be prohibitively expensive. Whether you need to manage a vehicle fleet or purchase large-scale machinery, a standard business loan is usually not a viable option. Instead, you can try to get an equipment loan from the SBA.
This type of financing is beneficial because the equipment serves as collateral. Not only that, but you can get funded for up to 100-percent of the purchase price, so you may not need any upfront capital. No matter how much equipment you need, we can help you get approved for one of these loans. Call us today to find out more about the approval process, and we can get you started as soon as possible.
SBA Inventory Loans
Maintaining inventory can be a significant challenge for many businesses. While you need to keep enough stock to satisfy your customers, you don’t want to overload your warehouse and buy more than is necessary. Also, if your inventory is time-sensitive, these challenges are even harder to overcome.
An inventory loan from the SBA can help you manage your cash flow more efficiently by providing sufficient capital for new products. Best of all, these loans are leveraged against future sales, so you’re not tied to a cumbersome repayment plan. There are extra steps involved in this kind of financing, so call us today for assistance. We can help guide you through the process, so you’re always prepared for the future.
SBA Business Acquisition Loan
Ideally, your enterprise will grow and expand as you bring in new customers and increase sales. When that happens, one smart move can be to buy a competing business. This strategy is beneficial for a few reasons. First, you can move into new markets and increase your share. Second, you gain access and control over that company’s infrastructure and operational materials. Finally, you can build better brand awareness.
While acquiring a new company can add to your bottom line, the process can be quite complicated. Business acquisition loans from the SBA are designed to cover most of the purchase expenses, but you have to provide a solid credit rating and sales history. We can help you compile this information to ensure a smoother approval process.
Let's Build Your Funding Portfolio Together
Your business needs the right funding to advance. Work with Anchor Business Funding to identify and source the right funds at the right price to keep your business moving forward.
Powered by CLBI