SBA 7a loans from First Resource Capital are very versatile and can be used for working capital, real estate, refinancing debt, business acquisitions and expansion, inventory, intangible assets, and more. We offer SBA 7a loans up to $5 million for approved applicants.
SBA and USDA Loans
First Resource Capital offers SBA 7a and 504 loans nationwide.
SBA 504 loans are for large, fixed asset purchases. Although primarily used for real estate projects 504’s can be used for major equipment purchases as well. The program provides financing for up to 90% of project costs and is structured to provide a full-term, fixed rate for a portion of the financing. Equipment may be financed over 10 years and commercial real estate over 20 or 25 years.
We also offer USDA Business and Industry (B&I) loans up to $25 million for businesses in rural areas. B&I loans function much like the SBA 7a program except the maximum is much higher and it can be used for tenant-occupied properties.
Our SBA and USDA loan programs provide robust and versatile solutions for:
Working Capital
Commercial Property
Equipment
Business Acquisitions
Refinancing
Partnership Buyouts
Construction
Franchise Financing
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How Can You Apply?
If you’re ready to take the initiative and invest in your company’s future, contact us today. We’re happy to review the benefits and walk you through the application process.