Get the Funds You Need To Grow Your Small Business
Every business started out small, but grew with the right plan and access to working capital. If you’re a small business owner, you may be eager to expand your enterprise, but find that many traditional loans aren’t designed with small companies in mind. Fortunately, KPI Commercial Capital has a solution: SBA loans.
This type of financing is only available to companies with less than 500 employees, making it the perfect option for startups, mom-and-pop shops and other small-scale businesses. In fact, with the Small Business Administration guaranteeing the loan, you can get terms that are more favorable than most traditional financing.
How Can You Use These Funds?
One of the best things about small business loans is the flexibility. You can use the funds for payroll, to purchase inventory, to open a new location, to renovate a new location or to purchase any of the following equipment:
- Diagnostic equipment
- Trucking equipment
- Machine tools
- Binding and printing machinery
- Medical equipment
- Dry cleaning and laundry equipment
- Manufacturing equipment
What Are the Benefits?
Because SBA loans are designed specifically for small businesses, they’re easier to qualify for than traditional loans. Additionally, they can be processed quickly; in some cases, it only takes 48 hours for prequalification. Established businesses can obtain as much as $5 million, with 25-year terms and as much as 90% LTV. If you’re interested in acquisition, we can offer 80% LTV and 15-year terms. However, you can count on the following benefits no matter your loan amount:
- No prepayment penalties
- Full amortization
- Competitive interest rates
Who Can Qualify?
KPI Commercial Capital is happy to work with a variety of industries:
- Child care
- Car dealerships
- Hospitality
- Food service
- Veterinary practices
- Retail
As along as you have good credit and meet other requirements, you can get a small business loan for nearly any type of enterprise.
How Can You Submit an Application?
Are you ready to make your business grow? Then it’s time to contact KPI Commercial Capital. Reach out to us today for more information.