How Working Capital Loans can Grow Your Small Business
The Small Business Association loan program at North Texas Commercial Capital is an excellent means of obtaining funding for your business. At North Texas Commercial Capital, we are dedicated to small businesses development nationwide and are proud to be ranked by SBA lenders as a preferred financial services corporation. This classification means that the SBA delegates the small business loan approval process to our stakeholders to guarantee quick and cost-effective processing of your loan.
Commercial Real Estate Financing Highlights
The SBA bases loan eligibility requirements on standard industry characteristics. For instance, the funds can create a new entity, enhance the development of a current one, or support an acquisition or merger. At North Texas Commercial Capital, we concentrate on providing long-term, stable backing to small businesses. Highlights, terms and benefits include:
- 7(a) term loan program provider
- Owner-occupied properties, including non-conforming real estate
- Equipment financing for heavy equipment
- Loans ceiling to $5 million with 25-year terms
- Existing business acquisition loans
- Up to 80 percent financing with no balloons
We extend fixed or variable rate opportunities, competitive percentages and 48-hour pre-qualification in most situations.
Eligible Businesses and Property Types
Eligible businesses include the manufacturing, retail and service industries. Usually qualification requirements include service businesses with fewer than 100 employees, retail businesses with sales less than $6 million per year, and manufacturing businesses with fewer than 500 employees.
Almost any nature of a for-profit business qualifies for funding as long as you occupy the property partly. Some qualifying property types include:
- Automotive repair and gas stations
- Restaurants and retail shops
- Office and industrial buildings
- Hotels and Motels
- Single-use buildings
- Warehouses and manufacturing facilities
These financing alternatives are useful for businesses in a variety of industries, including those that are in start-up mode, completely new or recently acquired.
Get Started Today
For more information about the small business financing program, contact North Texas Commercial Capital today. Our industry expertise enables us to define the options to meet your business needs.