Why an SBA Loan Could Be Ideal for Your Business

A Small Business Association (SBA) Loan could be just the jumpstart you need to establish a new business or to expand an existing one. SBA loans from Royalty Business Lending are perfect to purchase or refinance a business or to expand or renovate it. Your existing business or business idea is probably perfect for the SBA loan program.

 


Small business types that are perfect for SBA loans include:

  • Childcare Facilities
  • Gas stations
  • Motels
  • Single-Purpose Buildings
  • Car Repair Shops
  • Veterinary Practices
  • Car Dealerships
  • Nonconforming Properties

Fast Loan Approval Possible

A small business loan can be approved in as little as two days through a straightforward application process. Most loans carry a 15-year term and are financed for up to 80 percent of value, though actual qualification details may vary. For approval of acquisition loans for existing businesses, we determine fitness for the loan based on the businesses’ cash flow and its overall management.

Finance Equipment for Your Business

SBA loans with Royalty Business Loans can also cover the financing of equipment that is crucial to start or expand your business. Here are some examples of covered equipment under the SBA loan program:

  • General Medical and Diagnostic Equipment
  • Laundry and Dry Cleaning Equipment
  • Printing and Binding Machinery
  • Trucking and Heavy Equipment
  • Machine Tools and Manufacturing Equipment

Get the Amount You Need

SBA loans for up to $5 million dollars are available from Royalty Business Lending with competitive rates and flexible terms. There are no prepayment penalties with these loans and financing is offered for up to 90 percent value with full amortization and 25-year terms. Fixed and variable rates are available with both the 504 and 7a programs.

Contact Us

We would love to give you details about our SBA loans and get you on the road to starting or expanding your business. Give Royalty Business Lending a call today.