Business Loans, Credit & Tax Consult

Service Description

Exploring the use of external funds in business operations. Let's identify your business need and the most suitable debt or equity choices for your small businesses. Types of loans: 7(a) Loans - Purpose: General business financing, including working capital, equipment purchase, and real estate. - Loan Amount: Up to $5 million. - Interest Rates: Negotiable, but must not exceed SBA maximums. - Repayment Terms: Up to 25 years for real estate; shorter for other purposes. - Eligibility: Must operate for profit, meet SBA size standards, and be located in the U.S. 504 Loans - Purpose: Financing for major fixed assets like real estate and equipment. - Loan Amount: Up to $5.5 million. - Interest Rates: Fixed rates. - Repayment Terms: Typically 10 to 25 years. - Eligibility: For-profit businesses with a tangible net worth under $20 million and average net income below $6.5 million. Microloans - Purpose: Small loans for startups and small businesses. - Loan Amount: Up to $50,000. - Interest Rates: Varies by lender. - Repayment Terms: Generally up to 6 years. - Eligibility: Small businesses and certain non-profit childcare centers. Disaster Loans - Purpose: Financial assistance for businesses affected by declared disasters. - Loan Amount: Varies based on need. - Interest Rates: Typically lower than standard loans. - Repayment Terms: Up to 30 years. - Eligibility: Must be located in a declared disaster area. We can also introduce you to our expert partners who specialize in specific subject matters, including: - CPA Services - Small Business Lending - Credit Counseling Please let us know if you would like more information or assistance in connecting with these partners.