SBA Loans are a Popular Option: It can be tough to qualify.

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 positive business tax returns, you should apply for secured government-backed SBA program loans from $50K up to $12,000,000. SBA offers several programs including 504 and 7a loan programs you may qualify for.

SBA programs can be used for many purposes including purchasing a new business, partner buy outs, real estate acquisition, and even working capital.

SBA will require certain documentation to qualify including business and personal financials, resume and background information, personal and business credit reports, a business plan, bank statements, collateral, and other documentation relevant to the transaction.

Approval amounts will vary based on the collateral their business has and the amount of net profit reflected on their tax returns. The total time to close these loans is about 2-4 months.

Low-interest and Long-term Business Financing

SBA loans offer some of the longest payback terms available for business financing. You can secure loans for 10, 15, even 25 years with SBA, and get one of their popular CAPLines. Plus, in many cases interest rates are as low as 5-6% on the financing you secure.

SBA Loans are a complicated topic, speak to an Advisor about what you are looking for if you would like help with programs and requirements details.