SBA Loans in Miami

SBA Loans Miami
SBA Loans Miami – Globelend

SBA Loans in Miami can make a world of difference to any small or medium-sized business owner who wants to expand. However, getting such a loan via traditional banking systems takes unnecessarily long (up to 90 days or three months). The bureaucracy is everywhere, as well. Do you want to obtain an SBA Loan in Miami in as little as 48 hours? Globelend Capital offers accessible business loans free of bureaucracy, with minimal waiting times!

We have a very high approval rate, SBA Loans included. Send us the paperwork, and we take care of everything. If everything is in order with your documentation, we’ll give you the best SBA Loan for your needs! Our team has consistently helped many small businesses get the money they needed to expand and double or even triple their profits. After a short talk with our financial experts who put their paperwork in order, they obtained the necessary funds.

Call us at (855) 842-5626 or apply online for an SBA Loans!

What is an SBA?

As a business owner, you need to be aware of specific business funding opportunities you can use. SBA Loans are one of these funding opportunities that traditional banks and other financial institutions like Globelend Capital provide. Simply put, an SBA Loan is partially guaranteed by the government (by the Small Business Administration, more precisely). This means that the financial institution is likely to offer you better terms precisely because the government partially guarantees the loan.

Moreover, financial institutions that offer SBA Loans have less to lose when their clients don’t pay back the loans. After all, the government covers a sizeable chunk of that loan, on the off-chance that the client doesn’t pay it back. What would happen without the government’s support is that you’d receive a “too risky” stamp on your loan paperwork. Banks are cautious about whom they lend money to. If they deem your business idea untenable or non-lucrative, they won’t loan you money.

Specific SBA requirements in Miami

Obtaining an SBA Loan in Miami is more complicated than getting other loans, simply because the government is involved. After all, when it comes to bureaucracy, the government is the king of the hill.

Moving on, Globelend Capital has two types of SBA Loans in Miami: SBA 7(a) Debt Finance or Working Capital Loan, and SBA 7(b) Commercial Real Estate Loan. The SBA 7(a) refers to loans from $30,000 to $350,000, and these are the eligibility criteria:

  • Business must be at least two years old
  • Credit score must be at least 650
  • The business owner needs to be at least 21 years old and either be a U.S. citizen or possess a valid Permanent Residency in the U.S.
  • No pending tax issues
  • No current financing through other government-related loans
  • No recent settlements or charge-offs
  • No foreclosures or bankruptcies in the previous three years.

The SBA 7(b) refers to loans from $500,000 to $5,000,000, and these are the eligibility criteria:

  • Business must be at least two years old
  • Credit score must be at least 675
  • Business must be established on owned real estate
  • No defaults on any government-related loans
  • Sufficient cash flow to cover the debt repayments. This criterion applies both to the business and the business owner.

You need a chance to prove that your business model has what it takes to take off, and Globelend Capital can help! Our SBA Loans in Miami offer sufficient financial resources for small or medium-sized businesses to experience a thorough transformation. Become one of our loan-approved companies who are crushing it today!

Call us at (855) 842-5626 or apply online for an SBA Loans!

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