Funding Your Enterprise With an SBA Loan

sba-loansWellspring Commercial Capital is proud to say that Preferred SBA lenders designated us as a Preferred Financial services company, which means we can ensure efficient and quick processing of your Small Business Loan. These specialized loans are ideal for many small business owners who need financial options catered to their enterprise.

Loan Types and Details

If you’re considering this financial option, how would you like to use the funds? The loans offered include:

  • Commercial or industrial property financing: Whether you want to build, purchase or renovate, a property loan can be used for a variety of business from gas stations to small hospitals.
  • Business acquisition loans: If you want to buy out a business or partner, we’ll get you pre-qualified in under 48 hours.
  • Equipment financing: You’ll need certain types of equipment to remain operational so consider loan and leasing support.
  • General loans up to $5 million: Avoid fees for pre-qualification letters and enjoy fully amortized, 25-year terms.

Our 7(a) and 504 Programs

The 7(a) and 504 programs are the main loan offerings and qualification for each depends on the size of your business:

  • 7(a) loan: Retail enterprises must make less than $6 million in annual sales. Manufacturing companies should have fewer than 500 employees and service businesses should have less than 100 employees.
  • 504 loan: Nearly any for-profit business is eligible for this program. However, the borrower must partially occupy any relevant commercial property.

Generally, 7(a) loans range from $200,000 to $5 million, while the 504 program falls between $100,000 to $5 million. Although, the latter result in loans up to $12 million in value.

Get Started Today

If you think you and/or your enterprise qualifies for an SBA loan, give us a call today and our team of financial experts will be happy to get you started in the application process. If you aren’t quite sure what’s the best option for you, we’ll gladly discuss your options with you until you’ve found the perfect solution.