Small Business Loans Backed by the SBA

The Small Business Administration’s loan programs for small companies are among the most successful economic investment programs in the country, and Compass Commercial Solutions is now a preferred lender. That means our team has the ability to make loan determinations independently, streamlining the approval process for these great loans so small companies can get funded faster. If your business qualifies under the current program criteria, you can use these loans to fund equipment and facilities, or even to buy existing businesses.

Acquisition Loans

If you’re buying an existing business with healthy financials and an income of $1.25 million or less annually, then you can get a loan to cover it. These small business loan packages have terms up to 15 years and LTVs as high as 80 percent.

Equipment Loans

Investing in core equipment for new companies often involves planning for a decade or more of repayment time, and these loans provide the low interest rates and incentives that make it possible to do more with your equipment purchase while controlling your monthly overhead. These loans have terms of up to 25 years, LTVs as high as 85 percent, and they have built-in incentives to help you prioritize the growth of your company over the first decade after the loan. You’ll have a hard time finding a loan more small business friendly.

Commercial Real Estate Loans

When you are looking at buying facilities, the SBA can help as long as your company will occupy the majority of the square footage at your new purchase. Buildings that can be funded include:

  • Restaurants
  • Warehouses
  • Factory Space
  • Stores
  • Gas Stations
  • Auto Repair Shops
  • Dealerships
  • Hotels

For more information about any of these loan programs, contact our team. They are ready to talk about the particular criteria for the loan you are interested in, and they can also advise you about other options if necessary. Let’s work together to get you the working capital you need.