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At FLS Funding, we understand that navigating the financial landscape can be daunting for both businesses and individuals. That’s why we’re dedicated to providing comprehensive financial assistance services, with a particular focus on Small Business Administration (SBA) loans. SBA loans are government-backed funding solutions designed to help businesses thrive. They offer lower down payments, projection-based underwriting, flexible use of funds, and competitive interest rates that make funding accessible for everyone.
By teaming up with us, you are not just getting funding; you are gaining a trusted partner on your financial journey. Our expert funding advisors are here to guide you every step of the way, ensuring you find the right solution that fits your needs. Whether you’re seeking to open your first business, expand your business, manage operational expenses, or buy commercial real estate, our tailored SBA loan options can pave the way for your success.
The standard SBA 7(a) loan has a maximum loan amount of $5,000,000. Banks are allowed to lend up to 80-90% of the total project costs. This makes the SBA 7 (a) loan the most popular choice for Start-up Businesses and Business Acquisitions.
It can be used for the following:
SBA 504 loans are a little different than SBA 7(a) loans. With a 504 you not only deal with the bank, but you will also be dealing a Certified Development Company (CDC). During the 504 loan process, both the bank and the CDC will underwriter your loan request. A typical 504 loan may have a structure of at least a 10%-15% equity injection from the borrower, 35%-40% of funds from the CDC, and 50% of the funds from the bank. Allowing the borrower to finance 85%-90% of the project costs. The normal limit on the CDC portion is $5,000,000 allowing the borrower to use the 504 to finance a project up to $12,500,000 with just a 10% equity injection. Making this a great financing option for larger commercial real estate transactions above $5,000,000.
Are you ready to take the next step toward securing financing for your franchise? Whether you're interested in a new emerging brand or a large, mature brand, FLS Funding is here to help you find the right solutions tailored to your needs.
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