Small Business Administration (SBA) guaranteed loan programs help with a full range
of small business needs for any industry. An SBA loan can be used to construct
new or purchase existing commercial owner-occupied real estate, to expand or modernize
facilities, purchase equipment, finance business acquisitions or start ups, and
finance inventory and accounts receivables.
SBA loan programs can help qualified businesses obtain financing even when their
collateral may not meet conventional lending standards. Being a Preferred
Lender means Key can process and approve SBA loans, expediting the application process.
Keeps cash in your business
* Low monthly payments and flexible terms – as long as seven years for working capital,
10 to 15 years for equipment, and up to 25 years for real estate
* Low down payment required
* Allows for up to 90% financing for new purchases and offers solutions for financing
soft assets such as goodwill
* Ability to finance closing costs versus paying them out of pocket
Flexible terms
* Option for interest only periods
* Lines of credit with seven year commitments – non-SBA lines typically are one
year
* No balloon payments necessary
* Limited pre-payment penalties
Minimal costs
* Minimal loan packaging and SBA guaranteed fees
* No points or origination fees
* Interest rate caps based on deal size