Welcome to the Existing Business lending page.
When it comes to lending for capital injections, it is always a good idea to
have a business plan and typically required. We are here to help you develop
and structure a business plan to assist you in reaching your goals.
A business plan is an essential roadmap for business success. This living document
generally projects 3-5 years ahead and outlines the route a company intends to take
to grow revenues. In return, the bank or investor will have a better idea about your plan
and your business experience when making the final approval. Below are a couple of
options which may help you to acheive your goals. Please click on the application and
email or fax the completed application. A repersentive will reach out to start the process.
We look forward in working with you.
SBA 7a (Use of 7(a) Loan Proceeds)
If you are awarded a 7(a) loan, you can use the loan proceeds to help finance a large variety of business purposes. However, there are a few restrictions. For example, proceeds can’t be used to buy an asset to hold for its potential increased value or to reimburse an owner for the money they previously put into their business.
Is a business loan right for you?
If you're a business owner looking to purchase inventory and materials, refinance debt or finance account receivables, a business loan may be right for you.
Basic uses for 7(a) loan proceeds include:
To provide long-term working capital to use to pay operational expenses, accounts payable and/or to purchase inventory
Short-term working capital needs, including seasonal financing, contract performance, construction financing and exporting
Revolving funds based on the value of existing inventory and receivables, under special conditions
To purchase equipment, machinery, furniture, fixtures, supplies or materials
To purchase real estate, including land and buildings
To construct a new building or renovate an existing building
To establish a new business or assist in the acquisition, operation or expansion of an existing business
To refinance existing business debt, under certain conditions
Apply for SBA Lending click here to access Part 1 and Part 2 of the two page application
Available for amounts of $25,000 and up
Competitive rate that considers your overall business relationship
Receive your funds as a one-time lump sum
Convenient monthly repayment terms, including auto-debit payment from a checking account
Secure your loan with a blanket lien on your assets
Apply for lending by clicking here
Private investor are lending on the equity of your business in the form of real estate, cash flow, assets, or receivables.
Private investors offer flexible guidelines including "stated income". Loans typically have higher interest rates and shorter terms.
Please email us for additional information.