SBA 7(a) Loans in Antioch: Rates, Requirements
Antioch is a city in Contra Costa County, California, United States. The city's population was 102,372 at the 2010 census and estimated to be 110,542 in 2019. Antioch is one of the oldest towns in California. It was founded in 1850 by two farmers, William Smith and Joseph Chapman. The town was originally called Smith's Landing.
The city is located in the East Bay region of the San Francisco Bay Area along the San Joaquin-Sacramento River Delta. It is a suburb of San Francisco and Oakland. The economy of Antioch is based on retail, healthcare, and manufacturing. The city's largest employers are Sutter Delta Medical Center, Kaiser Permanente, and the City of Antioch.
The retail sector in Antioch is anchored by Antioch Crossing, a regional shopping center. The healthcare sector is anchored by Sutter Delta Medical Center, a 437-bed acute care hospital. The manufacturing sector is anchored by General Mills, which has a large cereal manufacturing facility in the city.
When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.
SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.
Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge, in Florida.
Looking for more information about Antioch? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.
SBA Loans Comparison Table
Small Business Loans Available in Antioch
There are several options for small business loans in Antioch. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.
1. SBA 7(a) Loans
The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.
2. SBA 504 Loan
The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 20 years for real estate, and interest rates are generally lower than most conventional financing options.
3. SBA Express Loans
SBA's Express Loan program are designed for speed: While loans max out at $350,000, the application turnaround time is just 36 hours. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.
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