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Small Business is Bigger Than You Think
According to SBA standards, over 90% of all U.S.
corporations are classified as small businesses.
And most of these companies are eligible for SBA
loans, including manufacturing, wholesale, retail
and service companies, both independent and
franchised. The following guidelines can give you
some idea of what size businesses are eligible:
- Retail & Service - Annual sales $5 million - $21.5 million
- Wholesale Distribution - 100 employees
- Manufacturing - 500 to 1,500 employees
- Construction - Annual sales $7 million - $17 million
- Agriculture - Annual sales $500,000 to $9 million
The Associates, The SBA and You
The Associates is more than an authorized SBA lender.
We're an authorized lender who specializes in
securing SBA loans for the following small business
categories:
- Truck Dealers
- Trucking Companies
- General Contractors
- Warehousing Companies
- Equipment Rental Companies
- Light Construction / Agricultural Equipment Dealers
- Heavy Construction Equipment Distributors
- Machine Tool Shops
- Light Manufacturing Companies
- Manufactured Housing Retailers
- Communications Companies
- Communication Equipment Dealers
Because we specialize in these industry categories
(and have for over 75 years), we're staffed with
experts who know your competitive environment,
your capital needs, even your seasonal fluctuations.
Armed with this kind of professional knowledge,
we can go about structuring the best SBA loan
for your situation.
Many Different Loans and Terms Available
As opposed to typical business loans, The Associates
SBA loans can offer higher loan-to-value ratios and
longer terms (up to 25 years). Loans can be fully
amortized for seven to 25 years, depending on use.
And there are no balloon payments or prepayment
penalties.
Interest rates are generally indexed to no more
than 2.75% above Prime Rate as quoted in The
Wall Street Journal.
With a maximum amount of $1.2 million, depending on
use, your loan can be designed to fund a single
purchase, or a combination of needs, including:
- Business Acquisition
- Building Acquisition, Improvement or Construction
- Purchasing Machinery, Equipment, Furniture, and Fixtures
- Purchase of Inventory
- Working Capital
- Debt Refinancing
Applying is Easier Than You Think
Although an SBA loan from The Associates doesn't
require much more paperwork than a conventional
loan, our staff is always ready to answer questions
and provide assistance. We can even assign one of
our professionals to walk you through the entire
application. However, because Small Business Loans
from The Associates are guaranteed, the SBA has
established general guidelines. For example: owner
investment in a new business or project should
generally be a minimum of 20-40%; owner management
should be actively involved; personal guarantees
are generally required of principals owning 20% or
more of the business; a credit history should be
available on all principals; adequate collateral
is generally expected; and the ability to repay
should be shown by historical and projected data.
To apply for a loan click
here. When
completed, please fax to the number listed at the
top of the application.
For more information, call 1-800-605-1348
or just email us.
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