
Secured Small Business (SBA) Loans
Established businesses with tax returns that show good revenues and profitability can get very large sums of funding with Secured Small Business Loans. If you have business tax returns you could get approved for secured government-backed SBA program loans from $250K up to $12M.
With SBA loans you can purchase a new business, obtain working capital, even get financing to secure real estate for your business. Both SBA 7a and SBA 504 loans are available.
Approval amounts will vary based on the collateral your business has and the amount of net profit reflected on your tax returns. The total time to close these loans is about 2-4 months.
SBA financing is perfect if have financials for your business and are looking for higher loan amounts.
Approval Amount - up to $250,000 - $12 million
Credit Quality - Good Credit Accepted
Collateral - Collateral equal to 50% of loan amount is required
Financials - Required
Approval terms - long-term loans, rates as low as 2% over current prime rate
