SBA 7(a) Loans in Fontana: Rates, Requirements
Fontana is a city located in the state of California. As of the 2010 census, the city had a population of 209,943. The city is located in San Bernardino County. Fontana is home to the Auto Club Speedway, which hosts NASCAR and IndyCar races. The city is also home to the Kaiser Steel Mill.
The economy of Fontana is driven by the Auto Club Speedway, the Kaiser Steel Mill, and other businesses in the city. The Auto Club Speedway is a popular destination for NASCAR and IndyCar races. The Kaiser Steel Mill is one of the largest employers in the city. Other businesses in the city include retail, manufacturing, and healthcare.
Fontana has a diverse economy that is driven by the Auto Club Speedway, the Kaiser Steel Mill, and other businesses in the city. The city is home to a variety of businesses, including retail, manufacturing, and healthcare. Fontana is a great place to start or grow a business. The city offers a variety of resources to businesses, including a Business Assistance Center, a Small Business Development Center, and a Chamber of Commerce.
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 Fontana? 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 Fontana
There are several options for small business loans in Fontana. 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.
If you are interested in applying for a small business loan in Florida, we’ll match you with the best lender: click here