Small Business Administration Loans (SBA) can provide a funding alternative when other financing means have been exhausted.
Has conventional financing been denied due to a lack of adequate collateral or limited operating history?
Are you seeking favorable terms for the purchase of a facility for your business or making a capital investment?
Here are some points to keep in mind about SBA Loans:
SBA Loans can provide additional collateral support for a start-up small business lacking adequate collateral
The SBA 504 program provides financing for commercial real estate and fixed assets under favorable terms, including favorable interest rates, extended payment terms, and a lower cash outlay required from the borrower - 10% vs. the conventional 20% requirement.
MCU can help you navigate the rules associated with SBA Loans and can assist you in obtaining the right financing for your business. Call us at 800-662-2772.
Small business loans are underwritten by
Illinois Spectrum Business Resources, LLC, a subsidiary of MCU.
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