Can Your Business Use a Small Business Loan?
Our firm, Progressive Capital Funding, is a national leader in providing small business loans to qualified small- and medium-sized companies. These loans, offered under the auspices of the United States Small Business Association, can be just the infusion of capital that your business needs now. They are especially useful for property acquisition and machinery purchase financing. We can get you set up in short order if you qualify.
Typical Property Financing Objectives
SMA loans are used to fund a wide spectrum of business needs, the purchase or renovation of various property types. Some of these include:
- Gas Stations and Auto Repair Shops
- Medical and Veterinary Facilities
- Motels and Hotels
- Child and Elder-Care Facilities
- Motor Vehicle Dealerships
- Commercial Buildings
How To Qualify for Property Loans
Here at Progressive Capital Funding, we look at a few things, in particular, to help in the determination of whether you qualify for an SBA loan or not. These typically include your recent cash-flow and profitability history as well as how your business is managed. We can generally determine if you qualify in as little as 48 hours. These loans generally offer LTV up to 80% and are structured as 15-year entities.
Loans for Machinery
Our SBA financing covers the cost of purchasing new or used equipment. Examples of the kinds of equipment that can be financed include, but are not limited to:
- Medical and Veterinary Equipment
- Heavy Equipment
- Diagnostic Tools
- Machine Tools and Parts
- Printing and Binding Equipment
Details for Equipment Loans
When you finance with us, you can obtain a loan of up to $5 million for equipment needs. These loans come with flexible terms, low rates, and full amortization. You can prepay these off without penalty. LTV is offered up to 90%. We offer fixed and variable rate loans when financing through the SBA 71a and 504 programs.
Reach Out To Us Today
Our courteous and highly trained staff is waiting for your call. Let’s get the ball rolling for you today.