Dallas, TX, USA
Term / SBA Loan
SBA Loans, or Small Business Administration Loans, are government-backed financial solutions designed to assist small businesses, including healthcare providers, in accessing capital for various business needs. Term Loans are traditional loans offered by banks, providing healthcare providers with a fixed lump sum for specific financial needs.
SBA Loan Key Features
Government Guarantee: SBA Loans come with partial government backing, easing qualification for small businesses.
Low-Interest Rates: Competitive interest rates make SBA Loans an affordable financing option.
Flexible Use: Providers can utilize funds for expanding facilities, purchasing equipment, working capital, or refinancing.
Longer Repayment Terms: Enjoy flexibility with longer repayment terms, reducing monthly payment burdens.
SBA 7(a) Loan
Loan Amounts: Up to $5 million.
Use: Flexible use, including working capital, equipment purchase, debt refinancing, and more.
Interest Rates: Competitive and negotiated between the borrower and the lender.
SBA CDC/504 Loan
Loan Amounts: Typically up to $5.5 million for standard projects; up to $5.5 million for small manufacturers or energy projects.
Use: Primarily for real estate and equipment purchases, including renovations and improvements.
Interest Rates: Fixed and below-market rates, with a portion of the loan provided by a Certified Development Company (CDC).
SBA Microloan
Loan Amounts: Up to $50,000.
Use: Working capital, inventory purchase, equipment, and other business-related needs.
Interest Rates: Varied, determined by the intermediary lender.
Term Loan Key Features
Fixed Amount: Term Loans offer a lump sum for targeted financial initiatives, such as facility expansion or equipment purchase.
Fixed Interest Rates: Enjoy predictability with fixed interest rates, aiding effective financial planning.
Structured Repayment: Monthly payments are structured over a predetermined period, providing clarity.
Diverse Use: Similar to SBA Loans, term loans can be applied to various aspects of operations or growth plans.
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