Our Services

SBA Loans

Are you a small to medium sized business looking to move up to the next level? A U.S. Small Business Administration (SBA) backed loan from CorFunding may be the solution you’re looking for. There are two types of SBA loans that most businesses apply for: an SBA 7(a) or SBA 504 loan. There’s  great advantages to these types of loans:

  • Long repayment terms. This means lower monthly payments.

  • Lower down payments. Making upfront costs more affordable, which is the difference between SBA loans SBA 7(a).

  • Designed for businesses looking to purchase an existing business, expand to another location, buy equipment, acquire land or a building, or a combination.

  • Ideal for longer term financing for businesses with net worth below $15 million and an average net income below $5 million.

  • Loan amount is up to $5,000,000.

  • Terms are up to 7 years for working capital, 10 years for equipment, and 25 years for real estate.

  • Rates are fixed or variable.

  • Fees are associated with SBA loans. SBA 504.

  • Designed for businesses looking to expand through land or building acquisition, construction, or equipment purchase.

  • CorFunding can get you an additional loan amount to help you, based on the size of your business if the SBA cannot give you everything.

  • Terms are up to 20 years on Real Estate and up to 10 years on machinery or equipment.

  • Rates are fixed or variable.

  • Fees are associated with SBA loans.

Speak with an agent