SBA LOANS

1st National Capital Funding is a nationally recognized company helping entrepreneurs achieve their business goals. 1st National Capital Funding can have loans processed more quickly and efficiently than many others. The Small Business Administration (SBA) makes loans available through participating lenders to eligible small businesses on favorable terms. It offers these loans because it recognizes the critical role emerging businesses play in the growth of our nation's economy. SBA loans provide longer repayment terms and higher loan-to-value ratio than conventional loans, thus making it easier for small businesses to get off to a solid start. SBA loans are often the best financial tool to select for the critical start-up phase.

There are number of advantages to an SBA loan, including longer terms, no points and no balloon payments.

Who is Eligible for an SBA Loan?

Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.

Loan Qualifications

• Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
• Wholesale businesses with employees up to 100 regardless of sales volume
• Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
• SBA 7(A) Loan Size $50,000 to $2.0 million

Loan Fees

• Loan packaging fee: $750 to $2,000
• Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit
• SBA guaranty fee: 1.70% to 2.60% of the loan amount
• Fee can be financed in the loan

Use of Proceeds

• Commercial real estate (purchases, construction, or refinance)
• Leasehold improvements
• Business expansions
• Machinery, equipment, furniture or fixtures
• Business acquisition
• Working capital (offered in conjunction with some of the above)
• Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)

Other Credits Considerations

• Business must have adequate historic cash flow to cover the proposed debt
• Business debt to net worth must meet industry averages
• Borrowers must be actively involved in the day-to-day operation of the business
• Satisfactory personal credit histories are required for all principles and guarantors
• No past bankruptcies or felony arrests

Contact us today about our SBA Loan Programs and other services.