Is a Small Business Loan Right for You and Your Operation?

Entrepreneurs are the heart and soul of the American economy. Many of them wish to start their own businesses but lack the capital. A business loan is one way to achieve their dream, but it should be the right type of loan.

Raising Capital Solutions is a preferred lender through the Small Business Administration. We can offer qualified applicants a small business loan backed by the SBA.

Is a Small Business Loan Right for You?

SBA loans are ideal for entrepreneurs looking to buy, build, renovate, or refinance. We have helped business owners in several industries and businesses, including:

• Auto sales and repairs
• Hotels and motels
• Child care
• Veterinary practices
• Gas station
• Nonconforming properties

How Can You Use Loan Funds?

We do not put many restrictions on how you spend your loan. You can use it to build and renovate or even purchase equipment. Some examples of covered equipment include:

• Trucking equipment
• Manufacturing equipment
• Medical equipment
• Diagnostic equipment
• Laundry and dry cleaning equipment

How Do You Qualify for a Loan?

The loan terms and applicant qualifications vary depending on the type of loan you’re after. For example, a business acquisition loan for an existing business will require the applicant to provide the cash flow of the business and management records. We can approve the loan in 48 hours. A typical business acquisition loan will carry a 15-year term with financing up to 80%

We can also approve loans up to $5 million. Larger loans typically come with a more thorough examination of financials and credit history. Our 7a and 504 programs come with fixed or variable rates and 25-year terms. We can offer up to 90% financing.

Are You Ready To Own Your Own Business?

As a preferred financial institution, we can help you with your small business loan needs. Contact our offices to begin the application process.