Loan Programs

SBA loans from Funds Inc.

The U.S. Small Business Administration (SBA) works with lenders to provide financing for small businesses. By guaranteeing a portion of the loan, the SBA reduces risk for lenders, which makes it easier for them to make small business loans.

Funds Inc. makes small business loans through the SBA, using one of several different SBA loan programs:

7(a) loans — This is the main SBA lending program. You can borrow up to $5 million to purchase equipment and inventory, refinance debt, enhance working capital or acquire another business. Or you can use a 7(a) real estate loan to purchase, refinance, construct or renovate owner-occupied commercial real estate.

504 loans — This loan is designed specifically to provide fixed-asset financing for equipment, real estate and other large assets. It features a longer maturity of up to 20 years and offers a long-term fixed interest rate, which provides cost certainty.

CAPLines — These are small business lines of credit that can be used to finance seasonal increases in accounts receivable and inventory, labor and material costs associated with performing assignable contracts, and labor and material costs incurred by general contractors. There’s also an asset-based revolving line of credit that can be used for cyclical growth and recurring or short-term cash flow needs.

SBA Express — This loan features an accelerated turnaround time so you can access your funds faster and get started on your business plans sooner.