Grow Your Company With a Small Business Loan
Whether you are looking to finance a property or equipment, Purevue Capital can offer a swift and easy approval process for a small business loan because we are listed by the Small Business Administration as a preferred company for financial services. Learn about the loan basics and qualifying parameters and find out if your business can benefit from one of our financing programs.
What Loan Types and Amounts Are Available?
With competitive market rates, flexible terms and no prepayment penalties, you can receive SBA financing as high as 90 percent for a maximum value of five million. Offering various fixed and variable rates with 25-year full amortization, we work with the 504 and 7a programs.
What Terms Are Used for Existing Business Acquisition Loans?
For the approval of these loans, we survey the management strength and quality plus cash flow of the business in question. Here is what you can expect with an existing business acquisition loan:
- Prequalification in 48 hours
- Maximum 80 percent financing
- 15-year amortization without ballooning
- No penalties for prepayment
What Kind of Properties and Equipment Are Covered?
A small business loan can finance real estate, industrial and commercial properties, and a wide variety of equipment: medical, diagnostic, dry cleaning and laundry, trucking, manufacturing, printing and binding, and machine tools of varying sizes and weights. The loan can be used for purchase, construction, renovation or refinancing of a property. The following are just some of the properties covered by an SBA loan:
- Single purpose properties
- Non-conforming buildings
- Child-care centers
- Veterinarian facilities
- Gas stations
- Car dealerships
- Car wash facilities
- Car repair shops
Purevue Capital offers financing programs for a wide range of businesses and equipment applications. If you have questions about qualifying criteria for your company, terms of an SBA loan or any other aspect, contact us today. Discuss your unique needs with an expert and receive a fast approval for your next loan.