SBA Financing

SBA Financing

SBA Financing is business loans guaranteed by the SBA and issued by participating lenders, mostly regional banks.

SBA Financing can guarantee up to 85% of loans of $150,000 or less and 75% of loans of more than $150,000. The SBA states its average loan amount was about $375,000 in 2016. The program’s maximum loan amount is $5 million.

Is your business interested in opening up a new location or perhaps hiring employees or refinance an existing loan? SBA Financing is a great option.

The SBA’s primary lending program is the 7(a) Loan Program. It offers U.S government-backed term loans that can support a variety of financial needs. The program guarantees as much as 85 percent of loans up to $150,000 and 75 percent of loans greater than $150,000.

Features

Funds can be used to:

  • Purchase or expand business
  • Purchase land or buildings
  • Constructor renovate a facility
  • Purchase equipment, fixtures, inventory, and working capital
  • Leasehold improvements
  • Refinance business debt

Available terms up to:

  • 25 years for real estate
  • 10 years for equipment (as long as the equipment is likely to stay useful during that time)
  • 7 years for working capital

FOR YEARS TROY GROUP HAS HELPED OVER 1,000 BUSINESSES GROW AND FUNDED OVER $250,000,000.