If you own a small business, the SBA loan products were made specifically for you. There is no doubt that they are the best option to finance the growth of your business. Unfortunately, many banks will still steer you away from these loans, for it is easier for them to offer you a conventional product. Don’t be fooled, they don’t have your best interest in mind.
There are two main SBA loan products – the 504 and the 7(a). One of the single greatest ways to create wealth for yourself and your business is to own your commercial property rather than lease it. This is exactly what the SBA 504 loan product was created for, and one of the main programs we specialize in here at Fountainhead. If you’re operating your business out of a property that you don’t own, you’re simply making your landlord wealthy. If you’d rather create that wealth for yourself, give us a call.
The SBA 7(a) loan product can finance practically all other growth opportunities with few exceptions. We’re one of eight for-profit, non-bank lenders who are licensed to offer the SBA 7(a) loan, and it is now one of our main specializations. This means if you partner with us to fund your growth, you know you’ll be getting the expertise that you can’t find at a bank. We went through the long process of getting licensed because it enables us to do what we’re passionate about: helping small businesses of America grow.
If you’re looking to grow your business, it’s likely that you’ll fall into the category of one of these two loan programs. Make sure you’re getting funding from a lender who will provide you with the best option for your business, not one that will do what’s best for them.
