SBA LOANS

AmeriCapital works closely with the SBA enabling us to process loans more quickly and efficiently than many other SBA lenders…so you can get the financing you need quicker.  Below is a list of some frequently asked questions.  

What is an SBA Loan?

The Small Business Administration (SBA) makes loans available through participating lenders to eligible small businesses on favorable terms. The SBA offers these loans because it recognizes the importance of our nation’s small businesses

Why use an SBA loan?

SBA loans offer competitive rates and longer terms. In addition, they have no points, no balloon payments, and no pre-payment penalties on loans with terms less than 15 years.

What can I use an SBA loan for?

Here are some of the most common uses of SBA loans:

  • Purchasing or expanding real estate

  • Buying a business or franchise

  • Purchasing machinery and equipment

  • Leasehold improvements

  • Refinancing certain existing business debt

  • Working capital in conjunction with the above

What do I need to qualify?

The SBA needs proof that the owner is active in the business and is willing to make a reasonable commitment to it. Here are the most significant criteria that the SBA looks for:

  • The owner must invest up to 30% and as little as 20% in a new or start-up business.

  • The owner must be actively involved in the management of the business.

  • All principals must show a satisfactory credit history.

  • The business must demonstrate an appropriate debt/net worth ratio and adequate cash flow.

How should I apply?

The quickest way to apply for a SBA loan or to get more information is to go to submit a preliminary application online or give us a call toll-free at 1-877-678-0061 to discuss your  particular financing needs.

 
 

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