Are you starting your business, or do you need extra capital for a rebranding campaign? Globelend Capital is your best friend in these situations! An SBA loan would be a great asset to your finances. With immediate access to your money and a withdrawal limit of up to $5 million, your business will move to the next level in a short while. Moreover, the repayment period is 10-25 years with an interest rate between 4 – 8.25%, so there’s more than enough leeway to repay it with no stress involved.
SBA loans are devised to help you boost your business by a few notches. You can invest in new technology, create marketing campaigns, hire new personnel, or expand to other areas. Whatever your business needs to evolve, the SBA loan can help you get it. Moreover, it has very accessible requirements that make it one of the best loans you can get for your business.
Below are several ways you can use the SBA loan:
Globelend Capital has two types of SBA loans on offer. The two address a vast selection of clients, with most small businesses being eligible for at least one type of SBA loan. Take a look at each type of SBA loan:
By now, you should already know how to use the SBA loan for your business. You’ll gain access to a substantial sum of money that can completely transform your business from the ground up.
Most small-sized businesses are eligible for the SBA 7(a) loan, with a select few being eligible for the SBA 504 (b) loan. Take a look below to see the requirements for both SBA loan types:
For SBA 7 (a):
For SBA 504 (b):
Even if you don’t qualify for an SBA loan, Globelend Capital offers advantageous Term Loans, Working Capital Loans, and Lines of Credit. They’re devised to help prospective business owners get a foothold in the market and put their mark on their respective industries.