SBABetter Financing Starts with More Options$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1M offered by a Credit Union at 5.1%Click Here to Get Quotes
Want to finance a property your small business occupies?
A loan insured by the Small Business Administration could be a good fit if you own and occupy (or wish to own and occupy) an industrial property. The SBA backs loans through several programs geared toward small business owners, including those who wish to acquire or even renovate an asset.
SBA 7(a) loans, capped at $5 million, and SBA 504 loans of up to $15 million could be great options for your business. There are several important criteria to consider — and several business types are excluded — but these options are worth exploring as these loans offer both significantly higher leverage and highly competitive interest rates.