SBA offers several programs including 504 and 7a loan programs. SBA programs can be used for many purposes including purchasing a new business, partner buy outs, real estate acquisition, and even working capital. Approval amounts will vary based on the collateral their business has and the amount of net profit reflected on their tax returns.
Approval Amount | up to $250,000 – $12 million |
Credit Quality | Good Credit Accepted |
Collateral | Collateral equal to 50% of loan amount is required |
Financials | Required |
Approval terms | long-term loans, rates as low as 2% over current prime rate |
Sand Dollar Associates, Inc is not a lender and/or Bank. We are experts at connecting business owners with credit lines and loans to help capitalize their businesses. All loans or credit lines are subject to lender approval based upon credit criteria.