If you are considering a small business loan, several loan options are available here at LEY Capital. We can advise you on the pros and cons of each loan type, as well as analyze your situation to help you make the best possible choice.
About SBA Loans
SBA 504 Program are loans that help you finance owner-occupied commercial real estate and large equipment financing.
SBA 504 Program
If you’re looking to purchase commercial real estate or heavy machinery/equipment, your best choice is the SBA 504 loan.
These are loans that allow you to buy a building, finance ground-up construction or building improvements, or purchase heavy machinery and equipment. These are designed for businesses that want to expand through land or building acquisition, construction, or equipment purchase.
SBA 7(a) Program
If purchasing a business or getting working capital is the goal, get SBA 7A loans. You can use SBA 7A loans to expand to another location or purchase an existing business, refinance current business debt, or purchase furniture, fixtures, and supplies, or for those looking to combine any of these needs into one loan. These are designed for short-term or long-term working capital.
As SBA lending experts, LEY Capital is ready to help you navigate financing options for your needs. Contact us now!