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SBA Loans in San Antonio

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. ┬áSBA 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.