Is an SBA Loan right for my business?

Small business owners who are looking to grow their business through the purchase of a building, the purchase of equipment, the opening of an additional location or the acquisition of another business, are all faced with several questions; one of the first being, “Where will I get the capital for this project?”  Depending on the how long a business has been operating, how successful the business has been and the financial strength of the business owners there may be an overwhelming amount of options or an extremely  short list.  One of the options that is on most small business owners lists for financing no matter how long or short the list is SBA.

The U.S. Small Business Administration is a federal agency committed to helping small businesses grow. One of the ways it does this is by guaranteeing loans to small businesses made through lending partners across the country.   The SBA does not make loans directly to small businesses. Instead, the SBA sets guidelines for the loans that are made by lending partners like Hamilton State Bank.
There are many benefits to SBA loans as compared to conventional bank loans:

  • Lower down payments – up to 90% financing
  • Longer repayment terms – up to 25 years
  • Fully amortizing loans – no balloon payments
  • Allowances for collateral shortfall

There’s an SBA loan for almost every business need.

  • Commercial owner occupied real estate purchase or construction
  • Business acquisition or expansion
  • Equipment purchase
  • Debt refinance
  • Loans from $10,000 to $10 million

There are many ways to get more information on whether an SBA loan is right for your small business.  I recommend you take a look at www.SBA.gov , discuss with your oXYGen Financial representative and feel free to call or email me directly.

Ryan Stoll
Vice President
SBA Lending

Direct (678)687-3134

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