SBA Loan Program Basics

At Skogen Capital Lending we offer special financing for small business loans. Small business loans can be just what business owners need to grow their small businesses. The program we offer is also approved by the Small Business Administration, (SBA), ensuring that borrowers get what they need for their small businesses fast.

Get Qualified 

To participate in the small business loan program, some criteria must be met to qualify. We make the application process quick and easy and support borrowers every step of the way.

Existing business acquisition, (EBA), loans have additional qualifiers. Prior management and cash flow will also be taken into consideration. Business records can be an excellent source of evidence. If qualifications are met, the loan terms for existing business acquisition loans are a little different than the standard 7a or 504 program loans.  Our EBA loans are amortized, can finance up to 80%, and have 15-year terms.

Get Covered

Equipment is covered with SBA loan financing. From laundry and dry cleaning equipment to manufacturing equipment to diagnostic equipment, if a small business needs it, the loan program will work to cover it.

Properties can be covered with SBA loan financing too. Our professionals will help decide which kind of loan is best for the specific small business financing needs. Depending on the purpose of the property, to refinance, build, renovate, etc., the loan program will have an option. From car washes to hotels to nonconforming properties to veterinary practices, there is an SBA loan to help.

Get Financed 

If qualified, there are many financing options to suit the needs of small businesses. [Company_name] offers flexible terms for small business financing:

• Amounts up to $5 million
• Low fixed and variable rates
• 7a and 504 programs
• Financing up to 90%
• No prepayment penalties
• Up to 25-year terms

Contact Skogen Capital Lending to find out how to qualify for the small business loan program.