Traditional SBA Loan Programs2020-04-01T18:03:51+00:00

Traditional SBA Loan Programs

For any business with existing loans, the Federal government increased SBA funding from $30B to $80B in order to stimulate US economy. The following enhancements to the SBA loan programs will make acquiring new debt or refinancing existing debt a good financial move.

Highlights are:

  • SBA 7(a) $ 5.5 M cap for business acquisitions and working capital
  • Rates currently around 5.75 % (prime + 2.5%)
  • 10 yr. loan terms (longer for real estate)
  • SBA loan guarantee expected to move to 90% from current 75% making it easier for banks to lend
  • Waiver of and lower of certain fees
  • Term sheet in  5 days or less
  • Commitment within 2 weeks
  • Closing in 45 – 60 days

To start process, we will need:

  • Last 3 years financials
  • 3 years tax returns
  • Business Plan
  • Forecasts

How we can help:

We can save time, money and decrease worry.

Our experience working with SBA lenders allows us to anticipate what is needed and can expedite the process. Our team includes former SBA executives that have insight into the process and can ensure you (your client) gets the maximum amount that they are entitled to and the money in their hands as quickly as possible.

Pre-qualify for loan

Looking for funding? Answer a few questions and a banker will contact you within 1 business day!

    FIRST NAME *
    LAST NAME *
    EMAIL ADDRESS *
    PHONE NUMBER *
    Business Name *
    Business website *

    Business Description *

    Your Time Zone

    Best time to call (check all that apply)
    MorningsAfternoonsEveningsWeekends

    Zip Code *
    Industry

    Years in business *
    Less than 1 year1 - 2 years2 - 5 years5 - 9 years10+ years

    Amount of funding needed *

    Use of funds *
    Purchase Property or Real EstateBuy EquipmentRemodel/ExpandRefinance DebtHire StaffWorking CapitalPurchase InventoryBuy an Existing BusinessMarketing & Advertising

    If business acquisition, purchase of real estate, amount of cash you have available to put into transaction

    Any personal or business bankruptcies within the last 5 years for any owner of 20% or more of the business? *
    yesNo

    Any active lawsuits (including divorce), open judgements or outstanding tax liens? *
    yesNo

    Your credit score

    Please select all that apply *

    Year 2019 Sales
    Monthly Average Payroll
    Monthly Rent/Mortgage
    Monthly Utilities, IT, Mnt. cost

    Current Inventory Amount

    Additional Information

    I have reviewed, understand PGV may refer my information to lending partners