The Small Business Association (SBA) is a government agency known for offering loans with lower interest and longer payment terms, however, the process to acquire them is often paperwork intensive and takes many months. That’s why we’ve used our connections in the lending industry to expedite the process for our clients.
A Small Business Administration Loan (“SBA Loan”) is a loan program administered by the Small Business Administration and is partially guaranteed by the government. For this program, the SBA works with other financial institutions (Like Us!) to help give small businesses access to working capital may otherwise be unavailable to them. While SBA loans are typically more difficult to qualify for, they offer longer terms and lower interest rates. SBA loans can be a great long-term solution for businesses that are looking to expand, purchase equipment, invest in new technology, or simply need extra working capital.
SBA Loan amounts typically range from $50 thousand dollars to $5.5 million dollars upon approval. Because an SBA Loan is partially guaranteed by the government, it helps reduce the lender’s risks allowing for lower rates and longer terms.
FlatRock Capital Partners is a financial services provider committed to helping small businesses solve their cash flow issues and expand their operations.