Whether you have large or small borrowing needs, there are financial options available to help you expand. Business expansion loans are typically used for opening new locations, hiring extra staff, remodeling existing locations, upgrading to a larger facility, purchasing new equipment, etc. – whatever helps take your business to the next level. Recognizing when your business is in need of additional resources is just the first step. Our dedicated SBA lenders can help with the next step – securing the needed capital to propel your business forward.
Features
- Up to 90% financing available
- Buy a building
- Leasehold improvements on leased location
- Can include furniture, fixtures, equipment, and working capital
Benefits
- Lower down payments
- Helps you build and maintain cash flow
- One loan for many of your business’ needs
Pre-Application Checklist:
Documents to have available for a call with our team:
- All current mortgage statements
- Current bank statements and/or account balances
- List of all owners having 20% or more ownership in the subject business along with any affiliates (if applicable)
- List of all current business debts and their respective monthly payments
- Tax Identification Number for the business and/or its affiliates
- DUNS (Data Universal Numbering System) number
