SBA Loans To Elevate Companies Nationwide
SBA loans offer businesses $50,000 to $5 million of long-term financing, flexing 10 and 25-year terms with bank interest rates. What more do you need?
An Introduction to the Small Business Loan (SBA)
What Is an SBA Loan?
The SBA loan is the cream of the crop when it comes to small business financing. The funds are generous, and you can use them to grow your business in almost any way you can imagine. SBA loan amounts range from $50,000 to $5 million, and the term loan can range from 5 to 25 years, depending on how you use the funds. With interest rates ranging from 3% to 8%, the SBA loan is an all-around attractive loan option.
However, there’s a catch. Before you enjoy the benefits of a small business loan, you need to qualify. Applying for a small business loan can be a hassle, especially for businesses that are just getting started or don’t have experience with the financing process.
QualiFi is a vetted and approved online broker with the resources to guide you through the SBA loan application process. We learn about your core objectives and help you understand all the loan options available to you. Understanding the differences between the programs and knowing where your company fits is half the battle, and it’s our mission to get you through the ordeal unscathed.
Why You Should Consider SBA Consulting
An SBA loan is every small business’s dream. But the path to receiving the benefits is not simple. Going through a traditional lender like a banker may seem safe. However, many banks are risk-averse and slow to process applications, which is incompatible with small business owners eager to stake their claim and grow their organization.
QualiFi values efficiency. We know time is of the essence, and our process reflects your needs. We use our discovery call service to learn about your short- and long-term financial goals and cut back on overwhelming documentation. Since 2013, we’ve secured over $250 million in capital for small businesses.
Applying for an SBA loan doesn’t have to be time-consuming. With our team, you cut out banker bureaucracy and receive the direct, responsive assistance you deserve.
Finance Your Dreams With Our Streamlined Process
Many bankers flood their applicants with questions and documentation. QualiFi synchronizes with your company and quickly finds lending products that match your mission.
Expand Your Working Capital With a Long-Term SBA Loan
Long repayment periods are the SBA loan’s defining feature. They’re long-term business loans with exceptional flexibility and affordable interest rates. The most popular options for an SBA loan are the 7(a) and 504 programs. QualiFi works with your business to understand your goals and evaluate your eligibility for a loan.
Here’s an explanation of each program and what to consider before applying:
Navigating the 7(a) Loan Program
The 7(a) loan option is the most common and is best suited for businesses interested in real estate. The maximum loan is $5 million, and your eligibility is based on your income source, location, and credit history. QualiFi ensures you meet the requirements. The 7(a) program is excellent when you need to:
- Refinance business debt
- Expand working capital
- Undertake equipment financing
Applying for the 504 Loan Program
The 504 program provides funds for fixed-rate financing up to $5 million. Assets that encourage growth and job creation are permissible. To apply for a 504 SBA loan, you need to meet the following requirements:
- Have an average net income of less than $5 million after federal income taxes for two years preceding your application
- Operate as a for-profit company in the United States
- Have a net worth of less than $15 million
QualiFi connects with you to learn your financial goals and ensure you have the foundation to satisfy the guidelines and repay the loan in good faith.
Get in Good With the Banker’s Best Friend
QualiFi has helped countless clients and affiliates fund their endeavors. We’ve spent many years in the finance industry and know how to get to the heart of your cash flow trouble and remedy it with innovative and affordable lending products.
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