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.