Most for-profit small businesses are eligible for a Small Business Administration (SBA) guaranteed loan. These include manufacturers, wholesalers, retailers, service businesses, business and medical professionals, as well as franchises. Business Finance & Developmet has direct access through our strategic partners to SBA prefered lending status in all states in the United States. Generally, this helps us process loans quicker and more efficiently than many other SBA lenders. There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.

SBA 7(A) loans range in size from $250,000 to $2 million. Terms vary, depending upon use:

• Up to 25 years for real estate purchase
• Up to 10 years for business acquisition
• Up to seven years for franchise start-ups

Proceeds can be used for a variety of purposes, iincluding:

• Commercial real estate (purchase, construction, expansion or refinance)
• Debt consolidation
• Leasehold improvements
• Machinery, equipment, furniture or fixtures
• Business acqusitions
• Start-ups (franchise, professional practice)
• Working capital (offered in conjunction with certain other financing)

Construction Loans. Funds can be used to cover both construction costs and certain soft costs associated with your project. They include land acquisition, building construction or improvements, professional fees, real estate appraisal, title work, searches, surveys, lender fees and SBA guarantee fees.

Best of all, a construction loan through Business Finance & Development is converted to long-term financing once the construction project is completed.  This means you aren’t likely to need to apply for another. Apart from the considerable convenience this offers, you'll have just one closing and one lender.