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SBA loans can be used for many reasons, such as starting your business, managing expenses (think inventory and payroll), expanding your operations, or increasing your safety net.

The 7(a) loan program continues to be the SBA's primary way of providing financial assistance to small businesses, but there are other types of SBA loans, each with its own terms and conditions.

SBA Loan Types

  • 7(a) loan program (SBA’s flagship loan program) can fund up to 5 million dollars from banks, credit unions, and specialized lenders. The purpose is to fund working capital, expansion, and equipment purchases.
  • 504 loan program funds up to 5.5 million dollars usually from a combination of traditional lenders like banks and Certified Development Companies or CDC's.
  • Microloans fund businesses up to 50 thousand and are provided by community-based nonprofits to fund working capital, inventory, supplies, equipment,and machinery.

SBA 7 (A) Product Overview

  • $30,000 to $350,000

  • SBA 7(a) loan

  • Working capital

  • Debt refinance

  • New equipment purchase

  • Pre-qualify in 5 minutes

  • Funding as fast as 7 days after the application is complete

  • $30K to $49K Prime Rate1 plus 3.75%

  • $50K TO $350K PRIME RATE PLUS 2.75%

  • 10-YEAR TERM WITH NO PREPAYMENT PENALTY

  • MONTHLY PAYMENTS ARE DEBITED FROM THE CHECKING ACCOUNT

  • THE SBA OFFERS VETERANS A 50% DISCOUNT ON GUARANTEE FEES

  • BLANKET LIEN ON BUSINESS ASSETS

  • PERSONAL GUARANTEE BY ALL 20% OF OWNERS

  • NATIONWIDE

SBA Commercial Real Estate (CRE) Product Overview

  • $500,000 to $5 million

  • SBA 7(a) loan

  • Commercial real estate refinance or purchase

  • Pre-qualify in 5 minutes

  • Conditional Approval in ~30 minutes

  • Funds as fast as 30 days after credit approval

  • Prime Rate plus 1.5% to 2.75%

  • Fixed and variable rates

  • Up to 90%

  • 25-year, fully-amortizing CRE loan with no prepayment penalty after 3 years: Year 1=5% | Year 2=3% | Year 3=1%

  • Monthly payments are debited from the checking account

  • 2.25% to 2.76% SBA Guaranty fee depending on loan size

  • First lien on subject property + best available lien on business assets + personal guarantee

  • Nationwide

SBA Express Product Overview

The ideal customer is a client looking to scale their company, buy more inventory, hire more employees, or buy additional equipment (new equipment). This is also a great product for companies who are looking to refinance short-term high-interest rate debt. Vetting questions should include credit score (680+), time in business (at least two tax returns), and profitability (companies cannot operate at a loss). This loan will require some effort upfront but that means low rates, affordable monthly payments, and longer terms. This is a term loan, borrowers will receive the full amount upfront and start making principal and interest payment within 30 days.

NOT A LINE OF CREDIT, NOT A REVOLVING LINE.

The loan cannot be increased or re-drawn upon but additional loans can be requested.

LOAN TERMS

  • Variable Interest rates: starting at 7.25%

  • Term: 10 years

  • No prepayment penalty

  • Fully amortized loan – no balloon payments

 

EXPRESS LOANS

$25K-$150,000

 

GENERAL WORKING CAPITAL

  • Payroll/Hiring

  • Operational Expenses

  • Inventory

  • Supplies

  • Marketing

 

EQUIPMENT

  • New equipment only

  • Business Vehicles

  • The client must provide Invoice

  • Bank pays the vendor directly

 

DEBT REFINANCE

  • Debts must be in the business name

  • Can be term loan/LOC

  • Bank cannot refi business credit cards

Consolidation Loans

Business Line of Credit

Business Unsecured Loans

Commercial Real Estate

Construction Loans

SBA/Non-SBA loans

Contact Us

    972.439.3334

   info@tdfundings.com

    2591 Dallas Parkway,

         Suite #300

         Frisco, TX 75034

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