What Is The Best SBA Loan for Your Business
What Is The Best SBA Loan for Your Business
SBA (Small Business Administration) loans offer an excellent financing opportunity for entrepreneurs. SBA loans are issued by private lenders but are backed by the federal government. As a result, SBA loans are more affordable and generally easier to qualify for compared to other business loans. Furthermore, SBAs typically come with lower interest rates and let you access more financial resources than conventional loans. Do you want to sign up for an SBA loan to renovate your business or cover operating expenses? Globelend Capital will assist you every step of the way!
We offer various loan services for entrepreneurs of small and large businesses alike. Whether you need to make a one-time investment of just $25,000 or you need $1 million and up, we’ll help you finance your business with the perfect loan plan. Keep reading to learn more about our SBA loans and eligibility requirements.
If you want to sign up for a business loan with us, you can always call us at (855) 842-5626 or use our contact form.
Globelend Capital Offers Affordable SBA Loans for All Businesses
We strive to help entrepreneurs with the best business loan services on the market. At Globelend Capital, we value transparency and customer satisfaction. That’s why our loans are affordable, safe, and easy to adapt to all your entrepreneurial needs. Our SBA loans are flexible and will let you cover any business investment. Here are some of the advantages of our SBA loan services:
- You can borrow as little or as much as you need. With our SBA loans, you can sign a contract for just $30,000 or up to $5 million! There’s a lot of room for any business investment within these limits.
You’ll get an excellent interest rate. Our interest rates for SBA loans range from 6.25%-8.50%. We also accept applicants with a FICO score of at least 650 or 675, depending on your chosen SBA loan.
- You get longer repayment terms. Our SBA loans are so safe and affordable because we offer our clients long repayment terms. If you sign up for a loan with us, you’ll get a term between 10 and 25 years.
Our interest rate, eligibility requirements, and payment terms will vary only slightly, depending on the type of SBA loan you desire. We offer two flexible financing plans, which let you cover a wide array of business expenses:
- Debt Refinancing / Working Capital SBA Loans ($30,000-$350,000)
Need to hire more staff, modernize your equipment, improve your marketing strategy, or secure your operational expenses? Then, this SBA plan is perfect for you! This SBA loan size is ideal for refinancing current business dept, equipment upgrades, or expanding your working capital.
Our main criteria to qualify for this SBA loan include:
- Business must be older than two years old
- Credit score of 650 minimum
- No pending tax issues
- No foreclosures or bankruptcies in the previous three years
- Not currently financed by another government-related loan
- Commercial Real Estate ($500,000-$5 million)
This plan is best suited for very large investments, such as refinancing or purchasing commercial real estate for your business. Note that this SBA loan comes with a caveat— the business owner must occupy at least 51% of the entire property used for the investment.
The main eligibility requirements for this SBA loan include:
- Business must be older than two years old
- Credit score of 675 minimum
- Business must be located on real estate that is primarily occupied by the business
- No defaults on any government-related loans
- Documentation of business cash flow (interim financial data and three years of tax returns)
Contact Us Today!
Are you ready to expand your business with an SBA loan? If you want to learn more about our eligibility requirements or need expert financial advice, call us at (855) 842-5626 or use our contact form.
