Businesses looking to fund their growth should consider SBA loans as a viable option. You might not know that SBA loans:
• Offer longer terms and less equity when compared to conventional loan options;
• Range from $150K to $5 million;
• Fund virtually any business-related purpose, including debt consolidation, working capital and business acquisitions.
More than 40,000 growing businesses obtain SBA financing each year. As an example, Tampa’s Fast Track Urgent Care previously used a SBA loan to purchase property for a second location and to facilitate the company’s continued growth. Next year, it plans to add a sixth location.