Secure an SBA Loan for Your Business
Flexible financing is crucial for the success of any business but it is vital for small businesses trying to stay afloat during slow economic periods. A small business loan provides you with the flexible financing you need to grow your company in a variety of ways. The money you receive with an SBA loan from The District Capital Lending Group can be used to consolidate debt, purchase inventory or refinance as needed.
Uses for Small Business Loans
Small business loans can help your company in many ways. The District Capital Lending Group works with small businesses of all types, including child-care facilities, veterinary practices, hotels and car dealerships. You are free to use the money in any way from consolidating debt to purchasing the following types of equipment.
- Heavy machinery
- Diagnostic tools
- Printing and binding machinery
- Laundry and dry-cleaning equipment
- Manufacturing equipment
- Medical equipment
Terms for Small Business Loans
You will qualify for different terms for an SBA loan depending upon which category your business falls into. If you own a startup, you can expect to receive 90% financing with 25-year terms. Established companies can expect 80% financing with 15-year terms with a small business loan from The District Capital Lending Group. Both types of loans come with no ballooning or pre-payment penalties. You will also receive full amortization with low interest rates. Both fixed and variable rates are available for both types of financing. For existing businesses, we look at how your cash flow is managed to determine eligibility. This means you do not have to have perfect credit to qualify for small business loans from The District Capital Lending Group.
Contact Us Today
An SBA loan could provide you with the funds you need to grow your business sustainably. Contact The District Capital Lending Group today to apply for a small business loan and set your company up for success. We can get you pre-qualified quickly and in most cases, we can get you the money you need in as little as 24 hours.