An SBA Loan is a program established by the U.S. Small Business Administration to promote the growth of small business enterprises. The program encourages banks to lend to entrepreneurs. To achieve this goal, the SBA provides a guarantee of 75% of funds loaned to a qualifying small business borrower. Through the SBA guaranteed loan program, Pinnacle Business Capital provides financing that can range from $25,000 to as much as $1 million, depending on the business purpose.
An SBA loan can be used to purchase or start your own business. The loan may also be used to make leasehold improvements, increase working capital, or purchase equipment, inventory, or real estate.
The 7(a) Loan Guaranty Program
This is the SBA's primary program for small business in America. This program offers financing to business when funding is otherwise unavailable on reasonable terms. The eligibility requirements and credit criteria for this program are very broad to accommodate a wide range of financing needs.
The SBA 504 Loan
This program is typically for real estate and equipment purchases and cannot include any working capital, soft costs or closing costs that are associated with the loan.
The 7(m) Micro Loan Program
Offered through non-profit lending organizations which provide technical assistance. These loans have a maximum loan amount of $25,000 and cannot be used to pay existing debt.
Benefits of SBA Financing
- Low Down Payment
- Reduces your overall out-of-pocket investment
- One Time Close
- One convenient closing, one set of closing costs
- Longer Amortization Schedule
- Typically 20-25 years
- No Early Balloon Payment
- Eliminate loan renewal costs and lender points in future years
- Easy 5-3-1 Prepayment Penalty
- Pay the loan off in as little as four years with no prepayment penalty
Let us help you in every aspect of financing.
Financing your business and equipment no longer has to be a daunting task. Pinnacle Business Capital makes the process easy by providing you "one stop" financing solutions. Whether you need equipment lease financing or working capital, look to Pinnacle Business Capital to make your dreams a reality.
- Equipment Leasing
Secure all of the commercial and retail equipment you need!
- Unsecured Lines of Credit
Predictible monthly payments and no equity required!
- Franchise Financing
From franchise fees to equipment, we've got you covered.
- Mortgage Solutions
Take advantage of the equity in your home to finance your franchise.
Start making your franchise dreams come true today. Complete our simple application and you're on your way!
what people say about us
When we were ready to expand our restaurant we knew that we had to get the equipment we needed to support our growth. We turned toSavastano Pizza Tulsa, OK
As a brand new business owner, getting our business set up the right way, and without blowing my budget, was very important to our success. TheMcCoy Child Care Center Colorado Springs, CO