SBA Loan

These loans are guaranteed by the Small Business Administration because of this they offer some of the lowest rates on the market as well as long repayment terms and the ability to borrow up to $5 million. Repayment terms range from 7 to 25 years and are based upon how you plan to use the funds. SBA loans are best for strong credit borrowers who have been operating for 2 years and are willing to work on the long application process to expand their business or refinance debt.

Positives:

  • The lowest rates on the market
  • Loan amounts up to $5 million
  • Loan repayment term lengths of 7 to 25 years

Negatives:

  • Long application process
  • More qualifications required versus other options

Good fit for:

  • Businesses that are expanding or seeking to refinance debt
  • Owners with good credit that are willing to wait for funding
Business owner sitting at desk reviewing charts and figures

Get the Financing You Need
To Grow Your Business

Let us help you take your business to the next level. Great Percent Finance understands the challenges that small and medium-sized businesses face when it comes to securing business funding. Schedule a free, no-obligation consultation, and let us help secure the capital you need to meet your business goals and grow your business.