Applications

SBA e-loans provides Nationwide SBA loans services over the Internet through Affiliated Lenders.

We provide the following SBA loan services:

Please note that our minimum loan requirement is $250,000

Business Start Up Loans

While many commercial banks shun loans for start-up operations it is the SBA's mission to assist such ventures. There are several requirements for qualification:

	Experience in the line of business;
	An owner cash injection of at least 33% of total project cost; and
	Collateral for the loan portion of the total project cost

Business start-up loans can be used for the following:

	Building;
	Building Improvements;
	Machinery and Equipment;
	Furniture and Fixtures;
	Inventory; and
	Working Capital

The SBA terms for a start-up loan vary according to use of funds.

Click here to go to the Start Up Application Form.

Business Acquisition Loans

SBA loans can be used to purchase the assets of an existing business. The SBA guidelines concerning such transactions are as follows:

	Owner cash injection must be between 30-50% of the business purchase price.
	SBA funds cannot finance the purchase of an intangible asset, such as goodwill.
	The business to be acquired must be profitable or have sufficient cash flow to support the new debt.
	The buyer must have experience in the line of business being acquired; franchises are excluded from this requirement since the new owner will be trained by the franchiser.
	If the business is a retail operation the SBA requires that the term of the lease for the business is equal to or longer than the term of the loan.

SBA terms for a business purchase loan are up to 10 years.

Click here to go to the Acquisition Application Form.

Existing Business Loans

An existing business can obtain an SBA loan for such things as machinery and equipment, furniture and fixtures, inventory and working capital, as well as refinancing of existing business debt in some instances.

Machinery and Equipment

With an SBA loan a business can finance 100% of the equipment cost (including installation costs) whereas equipment leasing companies do not cover any installation costs associated with the leased equipment, and very rarely if ever do leasing companies or commercial lenders provide a fully amortized loan over 10 years. Additionally, the SBA loan does not carry a pre-payment penalty.

Furniture and Fixtures

The same principles applies to furniture and fixtures as in machinery and equipment above.

Inventory

The SBA will finance business inventory. Normally fully amortized over 7 years.

Working Capital

The most needed business financing, but the one most misunderstood by business owners, is the Working Capital loan.

There are two distinct types of working capital loans:

Conventional lines of credit; and

Term loan for business expansion.

The SBA will make working capital loans to finance business expansion but normally do not work with lines of credit.

Business Debt Refinance

The SBA will refinance business debt under certain conditions:

	SBA requires proof that the original loan (which may since have been refinanced or renewed) and subsequent financing were used for a valid business purpose.
	The note has to be fully secured.
	We have to demonstrate a tangible business benefit from refinancing the existing debt.

Click here to go to the Existing Business Application Form.

Real Estate Loans

Most traditional sources of real estate financing such as banks, savings & loans, insurance companies and pension funds, can be difficult to work with for buyers, brokers and developers. Terms have tightened and their conditions are even tighter. With the phenomenon of the five year call provision on many real estate loans, the property owner will be confronted with the issue of renewal with the lender at the terms and conditions the lender then chooses, if the lender chooses to renew the loan at all.

The SBA will guarantee 75% of up to $1,000,000 for purchase of real estate, fully amortized over 25 years with no balloon payments or pre-payment penalties.

Click here to go to the Real Estate Loans page. Note that the Real Estate Loan Qualification Form is part of the type of business loan you need: Startup, Acquisition or Existing Business.