Grow Your Company With the Right Small Business Financing
The right loan can be the key to taking your small business to the next level. While there are many loan programs out there, Blessing Capital is a Preferred Financial Services company that is approved by the Small Business Administration, so we can offer you practical expertise along with quick small business loan processing.
Does Your Property Qualify for Small Business Financing?
We offer a wide variety of financing programs for small businesses, so whether you need funds to acquire, refinance, renovate, or build, we can help you get the funding you need. Here are some of the types of commercial property we’ve financed:
- Nonconforming properties
- Auto repair shops
- Gas stations
- Hotels and motels
- Car washes
- Car dealerships
- Child care facilities
- Veterinary practices
- Single-purpose properties
There are five specific things we look for when determining whether a business qualifies for SBA financing, but the most important factor is well-managed cash flow. If you meet the requirements, you can complete the prequalification process within 48 hours and enjoy 80-percent LTV funding with amortized 15-year terms. Additionally, you don’t have to worry about any penalties for prepayment.
Small Business Loan Details
This type of financing can cover a wide variety of business expenses, including equipment. You may qualify for a loan up to $5,000,000 with flexible terms and variable and fixed rates. Here are some types of equipment that may be financed with up to 90-percent LTV and 25-year amortization:
- Diagnostic equipment
- Heavy construction equipment
- Machine tools
- Medical equipment
- Trucking equipment
- Printing and binding machines
- Manufacturing equipment
- Dry cleaning and laundry equipment
Our financial experts are well-versed in small business financing with both 7a and 504 programs. If you want to learn more about the types of small business loans we offer and how to apply, give us a call today. We’ll work with you to find the best type of financing for your business so you can expand your market share and grow your success.