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SBA Loans in San Antonio

Small Business Loans in San Antonio

By | SBA Loans in San Antonio

Small business loans in San Antonio are available for a variety of reasons. Whether it’s for a brand new start-up business or to expand an established business or even to rescue or rebuild a struggling business. The good news is that whatever you need, there’s probably a strong chance that you’ll find one that’s a good fit for your business.

First, let’s explain what an SBA loan is and isn’t. These loans aren’t dispersed by the federal government. Instead, the SBA sets the requirements and guidelines for small business loans, while approved lenders — such as traditional banks, credit unions, and specialty providers.

SBA loans are generally more short term rather than the long term. Loan amounts vary widely depending on the type of loan, ranging from tens of thousands of dollars, up to $5 million. As mentioned, SBA loans can offer terms of just a couple to a few years or as many as a decade or even twenty-five years.

As far as interest rates are concerned, SBA loans are usually competitively priced. And, there’s usually some leeway or customization that can be accessed. However, it is important to note that SBA loans generally require collateral, and can also include a personal guarantee. But, another good aspect of SBA loans is the funds are made available in thirty to ninety days from lenders to borrowers.

To learn more about SBA loans, just speak to the experts at Proactivelendinggroup.com, a leading provider of commercial funding in San Antonio and well beyond.

SBA Loans in San Antonio

By | SBA Loans in San Antonio

SBA loans in San Antonio Texas, come in a number of different forms, offering competitive interest rates and loan maximums ranging to different amounts. These debt instruments, although backed by the federal government, and regulated by the same, are not loaned out directly through the agency. Rather the processing and funding are done through various private lenders, including traditional banks, specialty lenders, and credit unions. Read on to learn more about SBA loan programs in San Antonio Texas.

SBA loans in San Antonio, and beyond, offer a way for startups, fledgling companies, and established businesses, to secure commercial capital funding. Although there are numerous forms of SBA loans, three are the most common and popular. Here’s a quick breakdown of the top types of SBA loans in San Antonio Texas:

  1.  SBA 7(a) loan. This is perhaps the most often used because it is for general-purpose, rather than specifics. This type of loan allows for commercial real estate acquisition, equipment purchases, working capital, and other purposes. The minimum of this loan program is $50,000 but can go up to $5 million.
  2.  SBA CDC/504 loan. The 5:04 loan program is one that’s more specific, is intended for the purchase of commercial property, or commercial equipment acquisition. It has a minimum loan amount of $125,000, but can go up to, and exceed $20 million.
  3. SBA microloan. The microloan program is most appropriate for newly started businesses, or startups, and provides funds for a few different purposes, loan amounts for the microloan program can range from $25,000 up to $50,000.