Small Business Administration (SBA) Loans & Financing
Drive your business forward
Our skilled team of professionals can help you with finance for ground-up construction, leasehold upgrades, and extensions or expansions to your current structure.
We can assist you with the purchase of machinery, a business, or a building. To help you obtain the funds you require, we’ll offer a simplified lending procedure.
Are you prepared to grow your company? Expand your business with tailored finance options that support your objectives.
Fasten Loan LLCs' is part of the Preferred Lenders Program (PLP)
- Fasten Loan LLCs’ can approve SBA loan requests in-house (not required to get SBA approval) with faster turnaround times saving clients weeks of waiting.
- PLP lenders have the tools most banks do not have, allowing them to act quickly and efficiently through the process.
- You get to work directly with a bank that has a proven track record since they maintain a relationship with the government.
- PLP lenders usually offer longer repayment terms, lower payments, and no prepayment penalties (except on commercial real estate).
SBA loans offer convenient financial options for almost any business purpose. These programs offer long terms, low down payments and reduced collateral requirements.
As a U.S. Small Business Administration (SBA) Preferred Lender, we can show you how to put these SBA programs to work for your business.
Qualifications:
- You own and operate a for-profit business.
- Your business is legally organized as a sole proprietorship, corporation, partnership or LLC.
SBA Express Loan Program
- Loans available from $25,000 and up to $500,000
- Fixed rate terms up to 25-years
- Variable rates available for revolving period options
- Can be used to finance working capital, inventory, equipment and purchase or refinance of owner-occupied real estate
SBA 504 Loan Program
- Loans available from $400,000 and up
- Fixed rate terms up to 25-year fully amortize
- Low down payment as little as 10%
- Can be used to finance equipment and build improve, refinance or purchase owner-occupied commercial real estate.
SBA 7(a) Loan Program
- Loans available from $200,000 and up to $5,000,000
- Fixed rate terms up to 25-year fully amortized
- Low down payment as little as 10%
- Can be used to finance working capital, business acquisition, partner buyout, equipment, refinance existing debt and build, improve or purchase owner-occupied commercial real estate
About qualifying for an SBA loan
Fasten Loan LLCs meets all SBA Preferred Lender Program eligibility criteria, including proficiency in processing and servicing SBA-guaranteed loans. Talk to a small business specialist by phone or in person to get a recommendation and start your application.
Read our quick guide to SBA loans
Understanding these 5 features of SBA-backed loans can help you decide if they’re right for your business.