Small Business Loan
Get the Money You Need to Start Your Business with an SBA Loan
Small business loan programs are suitable for many businesses, but not all. To find out if our loan program is well-suited for your venture, contact our team and learn more about its specifics.
What Businesses Can Qualify for Loans?
Many business ventures can qualify for a loan. You can also use the loan for different reasons. For example, you might want to purchase, renovate, or refinance a property, and you can do any of it with a loan. Some of the most common businesses approved for SBA financing include the following:
- Gas stations
- Car dealerships
- Veterinary practices
- Hotels and motels
- Child care facilities
Can You Buy Equipment with the Funds?
While some lenders do not include equipment financing in the loan options, we do. We know how vital equipment is to a business operation. Business owners have used our loan programs to purchase various pieces of machinery, including the following:
- Laundry and dry cleaning equipment
- Manufacturing equipment
- Printing and binding equipment
- Diagnostic equipment
- Machine tools
Can You Use Funds for Business Acquisitions?
You can use SBA loans for business acquisition, but the approval process and program are a little different. We can only finance up to 80% with a 15-year term. The loans have no ballooning and no prepayment penalties. However, before we can approve a loan, we will need to review the management of operations and business cash flows.
How Much Can You Be Approved For?
A qualified applicant may be approved for a loan of up to $5,000,000. The loan will include up to 90% financing and a 25-year term. The loan will include full amortization and no prepayment penalties.
Contact Beewise Capital
A small business loan is often the best way to start a business. Contact our team to learn more about our program and receive guidance with the application process.