SBA Loans
Pendleton Financing offers both SBA 7a and SBA 504 loans nationwide. SBA loans from Pendleton Financing are extremely versatile and can be used for a wide range of purposes, including:
- Working capital
- Inventory
- Supplies
- Equipment
- Business acquisitions
- Commercial real estate
- Large assets
- Refinancing
Which SBA Loan Is Right for Your Business?
At first glance, SBA 7a and SBA 504 loans can seem similar, so we have provided a comparison chart to make things easier:
| Loan Program | SBA 7a | SBA 504 |
|---|---|---|
| Loan Amounts | $5 million | $15 million |
| Interest Rates | +1.00% | +2.75% (SBA rates are based on the prime index) |
| Who Qualifies | For-profit businesses that demonstrate good credit, management, and the ability to repay | For-profit businesses that demonstrate good credit, management, and the ability to repay, plus a tangible net worth of less than $15 million, as well as a net income less than $5 million after taxes for the past 2 years |
| Uses | - Working capital - Purchasing inventory or raw materials - Improve leased property | - Property acquisitions - Improving property - Ground-up construction - Purchasing equipment or machinery |
No Prepayment Penalties
In addition to great terms and competitive rates, SBA loans do not have prepayment penalties. If you want to pay down the balance of your SBA loan ahead of schedule, you will not be charged any extra fees or penalties.
Get Started Today
At Pendleton Financing, we have the expertise and resources to expedite SBA loan requests. All applications are processed and approved in-house so you can access the funds you need quickly and efficiently. If you need an SBA loan to help your business thrive and grow, contact Pendleton Financing today.