SBA Loans Offer Advantages for Your Small Business

A small business loan can help your endeavor grow whether you need capital to hire employees, purchase equipment or cover general expenses. You can also use it to purchase an existing business. Athens Alternative Lending Solutions offers financing guaranteed by the U.S. Small Business Administration, featuring flexible terms and competitive interest rates.

Benefits of a Small Business Administration Loan

This type of loan offers several advantages for small business owners over traditional options:

  • You receive up to 90 percent financing for real estate, equipment and other purchases.
  • Most types of businesses qualify.
  • Fixed and variable interest rates are available.
  • No balloon payment is required.

SBA Options for Commercial and Industrial Buildings

These loans are available for business owners who want to build a new property, purchase an existing building or renovate or refinance a property they already own. Eligible commercial and industrial real estate include both single-use and nonconforming properties such as the following:

  • Gas stations and car washes
  • Car dealerships
  • Medical offices and practices
  • Auto body shops
  • Vacation rentals
  • Day care centers
  • Office buildings

Small Business Financing for Equipment

If you need equipment for your business, you may be able to finance it with a Small Business Administration loan. This includes heavy equipment needs for the following businesses:

  • Manufacturing
  • Medicine
  • Machinery
  • Laundry and/or dry cleaning
  • Printing and binding

Terms and Qualification

Athens Alternative Lending Solutions offers up to $5 million small business loans with both fixed and variable interest rates. For purchase of an existing business or real estate, the financing term is 25 years with no early repayment penalty. To qualify for an SBA loan, you’ll need to provide financial information for your business, including tax returns and cash flow projections, as well as personal financial information.

Talk to a representative today. Learn more about how we can help finance your small business.