Business and SBA Loans - Where
Real Estate Is Involved
It's easy to
apply for SBA small business loans online
The SBA was created in 1953 officially, but its actual beginnings
started much earlier in a number of other prior administrative divisions.
This was in large part in reaction to the pressures of the Great Depression era
and World War II. People needed help in getting enterprise started and funded. In
the Small Business Act of July 30, 1953, Congress created the Small Business
Administration commonly known as the SBA. It's function was to aid, counsel,
assist and protect, insofar as is possible, the interests of small commercial
concerns. The charter also stipulated that they would ensure small businesses
a "fair proportion" of government contracts and opportunity to participate in
sales of surplus property. By 1954 the SBA originated business loans and
guaranteeing bank financing to small operations, as well as funding to victims
of natural disasters.
SBA branches out to increase
loans, participation by women and minorities along new approaches such
as the minority program and microloans.
The SBA offers several small operators financing to assist their operations.
It is important to note, however, that the SBA is primarily a guarantor of
business loans made by private lenders and other lending institutions.
The Standard 7a Loan
serves as the Small Business Administration's primary approach to small business
financing to help qualified
small operations obtain financing when they might not be eligible through normal
lending channels. It is also the agency�s most flexible program, since financing
under this program can be guaranteed for a variety of general purposes.
can be used for most sound purposes including working capital, machinery and
equipment, furniture and fixtures, land and building (including purchase,
renovation and new construction), leasehold improvements, and debt refinancing
(under special conditions). Terms can extend up to 10 years for working capital
and generally up to 25 years for fixed assets.
customer profile is start-up and existing small companies and offered through
commercial lending institutions.
Development Company (CDC), a 504 Program and Microloan, a 7(m) Program
are also available.
MFI specializes in arranging long
term financing for a variety of commercial enterprises at low
interest rates. These include
real estate acquisition and refinance, acquisition and working
capital. Our business loans are specially designed for borrowers with
financing needs from $150,000 to $10,000,000 and more. MFI is a financial
services brokerage company formed and managed by dedicated entrepreneurial
businesspeople. We are committed to serving the financial capital needs of
small companies, commercial entrepreneurs and investors.
To speak with a professional
representative, just give us a call or complete our
SBA business loan application online.
We'll get back with you right away. We're always available to speak personally
with you regarding your commercial lending needs. Many lenders will not make a
commercial lending commitment unless real estate is the main component in the
valuation of the enterprise. But what if you lease your space. How do you then
get the financing your need? You come to us that's how. We'll arrange financing
for your operation through a lender that does just that type of financing.
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