Small business administration loans (SBA Loans) offer flexible terms and competitive rates for small businesses looking to fund equipment purchases, relocation or even expansion to multiple premises.
Because they are offered by private lenders, small business administration loans are easier to secure, are not restricted by regulatory constraints and are a good alternative if you have been refused a loan by your bank.
Small business administration loans benefits include:
- Longer terms and larger loan amounts than most conventional loans
- Competitive interest rates
- No balloon payments or annual reviews
- Lengthy loan terms - typically from between 7 and 25 years
If you have found it difficult finding a small business administration loan, shop around using the internet, get a range of quotes, and then you can make an informed decision on the most competitve deal.