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Qualifications for SBA Loan

• Commercial Real Estate Purchase: believe it or not you can actually use the SBA program to purchase commercial real estate with 0% down! Loan terms up to 25 years and no ballon payments.
• Business Acquisition: The SBA loan program is probably one of the best programs to finance mergers and business acquisitions that have little or no collateral. The SBA is mainly a cashflow program and doesn’t allows rely on loan to value calculations to approve a loan. There are some caveats to approving a loan with no collateral and may or may not apply to your current situation but it can be done!
• Refinance: The SBA loan program can be utilized to refinance your businesses current debt! This can allow you, the business owner to refinance a seller carry loans, balloon notes, high interest rate debt, or debt that is on unreasonable terms (shorter loan term than what the bank could offer you through the SBA program), private notes and much more!
• Furniture, Fixtures and Equipment (FF&E): An SBA loan can assist business owners purchase needed (FF&E) furniture, fixtures and or equipment for their current or future needs. Instead of leasing equipment or financing equipment on short loan or lease terms you can go through the SBA and obtain a 10 year loan allowing you to have lower payments than most other loans available. On equipment that have longer useful life maybe eligible for up to 15 year term loans! 
• Expansion: Expansion loans are great for existing business owners that are seeking financing to open an additional location. The SBA loan product can encompass all the loan uses listed above in one loan making it a streamlined to cover ever need for an expansion. 
• Working Capital: Does your business need cash to pay for marketing, advertising, payroll or need cash because your business relies on accounts payable to cover your cash burn cycle leaving your business in a tight cash crunch? If you said yes to anyone of these your business may need a working capital loan or a business line of credit, both covered by the SBA program. 
• Construction: construction loans can be used to remodel or upgrade your current leased or owned space or build from the ground up. Many business owners choose ground up construction loans because they can’t find a building that suits them. For example if you are a business owner that typically needs a special use property such as Self Storage, Gas Station, Car Wash, Hotel or a Medical Facility such as an urgent care or free standing ER etc. and you have found a demand for your business in any area that is lacking what your business would offer. Ground Up Construction through the SBA program might be the best option for you!
• Start up loans: If you are an experienced owner operator or experienced key employee that has sufficient management experience and want to start your own business you may be eligible for Start Up Financing through the SBA program. These loans typically require higher down payments and adequate business experience but can give you the funding you need to get your business up and running!
• Mixed Use: If you have many financing needs and feel like you have to obtain multiple specific loans to fund separate business obligations know that there is a better way. The SBA loan program allows you to combine multiple loan purposes into one loan and provide loan terms from 10-25 years depending on the use of the loan proceeds.