Construction Project Documentation for SBA Loans: Your Comprehensive Guide
Using an SBA 7(a) loan for construction requires a lot of documentation. Use our comprehensive guide to understand exactly what to have on hand.
Understanding Legal and Insurance Needs for SBA Loans
This comprehensive step-by-step guide helps you navigate and fulfill legal and insurance requirements for SBA financing.
Seller Notes: A Vital Tool for Small Business Owners
Taking a loan from a seller is a very common — and often advantageous — way to finance part of a business or real estate acquisition.
What Is the Export Working Capital Program?
The Export Working Capital Program is a type of SBA 7(a) loan that’s specifically for businesses that generate sales through exports and require upfront assistance to support these sales.
What Is the Veterans Advantage Program?
The Veterans Advantage program supports small businesses that are at least 51% owned by a veteran, active duty service member, or a military spouse or widow.
What are CAPLines?
CAPLines are a series of permanent loan programs under the SBA 7(a) that allow small business owners to take out loans specifically for seasonal or cyclical needs.
What Is the Export Express Program?
The Export Express program is a streamlined process for lenders to get SBA-backed financing using the lender’s own decisions, processes, and documentation.
Using the SBA 7(a) for an Office Building
Whether you’re building a new office building or buying an existing one, a business mortgage is an expensive ordeal. SBA 7(a) financing can help.
Steps to Getting an SBA 7(a) Loan to Open a Retail Store
The SBA backs loans for retail businesses for a variety of uses. Find out how you can grab one to take your store to the next level.
Using the SBA 7(a) for a Retail Store
Getting financing for a retail business, whether for working capital, inventory, or real estate, is often a major challenge — and headache. Find out how an SBA 7(a) loan can help your business.
Using the SBA 7(a) for a Car Wash Lot
The SBA 7(a) loan is a government-backed loan of up to $5 million. The SBA 7(a) loan can be used for nearly all of your car wash’s needs, from real estate to working capital.
Using the SBA 7(a) for a Preschool
As the daycare industry continues to grow, there are some incredible advantages if you tap financing to propel your business to the next level.
Using the SBA 7(a) for a Gas Station or Convenience Store
Getting an SBA 7(a) loan from a bank, credit union, or other lending institution is a great way to reach your goals as the owner of a gas station or convenience store. The SBA 7(a) loan can be used for any legitimate business purpose, including a business mortgage.
Using the SBA 7(a) for a Restaurant
New and existing restaurants can benefit from an SBA loan. Find the funding you need, whether it's for real estate, equipment, working capital, or a variety of other uses.
Using the SBA 7(a) for a Motel
When you’re looking for an SBA lender, it’s important to find one who specializes in motels. Motels have unique underwriting procedures, as they're often seen as high-risk. Ensure you’re getting the best possible terms from your SBA lender.
Using the SBA 7(a) for a Self-Storage Facility
SBA 7(a) financing has many uses for the self-storage businesses. They can be used for new construction, refinancing, or purchasing existing facilities.
Finding the Funding to Open a Bar or Club
Bars and restaurants have a high start-up cost compared to other industries, with an average of $500,000. As a business owner, this might seem daunting, but financing options exist for you.
Using the SBA 7(a) for a Hotel
Starting and running a business in the hospitality industry is expensive, which is why the SBA offers SBA 7(a) loans of up to $5 million to help business owners.
Veterinary Practice Financing Through the SBA 7(a) Loan Program
In 2017, veterinary practices and animal hospitals employed nearly 400,000 people across the U.S., while generating a staggering $42 billion in revenue. If you’re a veterinarian or animal hospital owner interested in purchasing or expanding your business, an SBA 7(a) loan could be your best option
SBA 7(a) Loans for Trucking and Transport Companies
SBA 7(a) loans can be an excellent way for trucking companies to source working capital, expand operations, or buy another business. Find out more.
5 Reasons Why Your Small Business May Not Be Approved for an SBA Loan
We wanted to get some perspective from commercial loan officers on the most common mistakes they see business owners making when applying for a loan, so we put this question to several different lenders — and the responses were surprising.
Can You Get an SBA 7(a) Loan for a Medical Practice?
If you’re a doctor looking to start, purchase, or expand your medical practice, an SBA 7(a) loan could be a great choice. Find out why.
How Non-US Citizens Qualify for SBA Loans
If you’re not a U.S. citizen, can you still qualify for an SBA loan for your small business? Sometimes. There are some key requirements, like holding a green card, you should be aware of.
SBA 7(a) Loans for Assisted Living Facilities
The underwriting procedures for an assisted living facility are different from other types of business mortgages. If you’re looking into buying an owner-occupied adult care facility, engaging in new construction, or buying an existing building for your venture, there are several SBA fundi
SBA 7(a) Loans for Bars and Clubs
Whether you have a new business or a seasoned establishment, find out what an SBA 7(a) loan could do for your bar or club's bottom line.
Using the SBA 7(a) Loan for a Bed and Breakfast
SBA loans are available for B&Bs. Find out how this financing could give your business the boost it needs.
SBA 7(a) Loans for Auto Repair Shops
The global automotive aftermarket industry is projected to grow to $722.8 billion by 2020. Lenders also know that 75% of aftermarket auto repair is performed by independent auto repair shops.
Business Mortgages for Motels: A Primer
Traditional banks and lenders tend to see motel businesses as high risk. That's why an SBA 7(a) loan may be the ideal source of funding for real estate or operating costs for your motel.
Getting a Business Mortgage for a Hotel
Looking to buy a hotel, or grow your hospitality business? An SBA 7(a) loan can help alleviate your funding challenges, whether you need a business mortgage, new equipment, or working capital. Here's how the SBA helps.
How to Get an SBA Loan for a Restaurant
Most banks consider restaurants to be high risk, meaning that they are far less likely to approve loans for restaurant owners. Find out how you can get the funding you need.
SBA 7(a) Loans for Beauty Salons
An SBA 7(a) loan can be ideal for beauty salon owners looking for sources of financing for equipment, working capital, or real estate.
Can You Get Marina Financing With An SBA 7(a) Loan?
SBA 7(a) loans can offer marina owners a lifeline by providing working capital financing, refinancing existing debt, or funding the acquisition of a property.
SBA 7(a) Loans for Manufacturers
If you own and operate a manufacturing company, an SBA 7(a) loan can provide you with funds to expand your firm, build a new headquarters, acquire a competitor, or refinance existing debt.
Getting an SBA 7(a) Loan to Buy Out a Partner
If you run a business with one or more partners, there may come a day when you want to buy one or more of them out. The SBA 7(a) loan can finance this — find out more.
SBA Loans for Plumbers
If you own a plumbing business and want to expand your company, buy a competitor, or refinance business debt, an SBA 7(a) loan could be one of the best ways to do it.
Can You Get an SBA 7(a) Loan for a Medical Center?
Private medical centers play an important role in the American healthcare system. Find out how an SBA 7(a) loan can give your business an advantage.
SBA Loans for Laundromats and Dry Cleaners
There's still a huge amount of demand for laundry services today. Find out how an SBA 7(a) loan could make a major difference in your business plans.
What are SBA International Trade Loans?
SBA International Trade Loans can provide much-needed financing for small businesses expanding export operations, so long as they work to improve or expand operations in the U.S.
SBA 7(a) Loans for Landscaping Companies
There are nearly half a million landscaping businesses across the U.S. Learn how the SBA 7(a) loan can set yours apart from the crowd.
SBA 7(a) Loans for Liquor Stores
There are about 50,000 wine, beer, and liquor stores throughout the United States, generating an annual revenue of approximately $60 billion. Find out how an SBA 7(a) loan can help yours.
SBA 7(a) Loans for Tax Preparation Firms
Tax preparation firms can use SBA 7(a) financing to buy real estate, acquire a competitor, or even fund working capital.
SBA 7(a) Loans for Insurance Agencies
The SBA 7(a) loan has myriad uses for insurance agencies, including purchasing or expanding an agency — or even buying real estate.
Small Business Loans for Real Estate Agents
In 2017, over 6 million homes were sold across the United States, and nearly 90% of sellers used a real estate agent to help them through the process. Right now, there are over 2 million Americans with active real estate licenses, and over 1.3 million members of the National Association of Realtors
SBA Loans for HVAC Companies
If you own or operate an HVAC business and you need funding to maintain or grow your firm, getting an SBA loan could be the ideal solution.
Are SBA 7(a) Loans Available for Franchises?
If you have a franchise, you can get funding for it with an SBA 7(a) loan. Roughly 10% of all SBA loans go to franchises. Be careful, however, as not all franchises are eligible for SBA funding.
Can You Get a Gym Equipment Loan Through the Small Business Administration?
If you’re a gym or health club owner, the SBA 7(a) or even Express loan could be a terrific option to finance the acquisition of gym equipment.
Can You Get an SBA 7(a) Loan for a Funeral Home?
If you operate a funeral home or are considering opening one, an SBA 7(a) loan could be a fantastic option for a variety of uses. Learn more.
SBA Loans for Computer Repair Companies
If you’re looking for financing to open, expand, or refinance business debt on a computer repair company, an SBA loan could be the perfect option. Find out how with our guide.
SBA 7(a) Loans for Builders and Construction Companies
If you’re interested in expanding a construction company that you currently own, acquiring an existing construction business, or buying out a partner, the SBA 7(a) loan could be exactly what you need.
SBA 7(a) Loans for Dental Labs
If you own or operate a dental lab, an SBA 7(a) loan could be a great option for financing the expansion or working capital of your business.
Can You Get an SBA 7(a) Loan for a Dental Office?
SBA 7(a) loans are available for all kinds of uses for dental practices, from financing working capital to even the construction of a new building. Find out more.
Using the SBA 7(a) for a Car Dealership
From 2012 to 2017, the new car dealership industry in the United States grew by 4.5%. Take advantage of this growth by seeking out government-backed loans offered through traditional lenders like banks, credit unions, and lending institutions.
Can You Use an SBA Loan to Buy an Online Business?
Online and fully remote companies are just as eligible for SBA loans as their traditional counterparts. However, they still have to prove that they have what it takes to qualify.
Can You Use a 401(k) as an SBA Loan Down Payment?
If you have a 401(k) account or another approved tax-deferred retirement account with at least $50,000 in it, you may be able to use those funds as a down payment for your SBA loan.