FINNECTION is a nonprofit human network that connects bankers, brokers, and business advisors with business owners looking for SBA financing. Whether you need funding to buy a business, expand operations, refinance debt, or purchase commercial real estate, SBA loans offer affordable and flexible options.
Best for: Business acquisitions, real estate purchases, refinancing, partner buyouts, working capital, and franchise financing.
Loan Amount: Up to $5 million
Use of Funds: Real estate, business purchases, working capital, equipment, partner buyouts, refinancing, and more
Down Payment: As low as 0% (varies by lender)
Interest Rate: Usually variable
Loan Term: Up to 25 years
Approval Time: Faster processing
Best for: Buying, constructing, or improving commercial real estate and equipment.
Loan Amount: Up to $5 million (total project can be higher)
Use of Funds: Real estate, land, construction, and large equipment purchases only
Down Payment: Minimum 10% required
Interest Rate: Fixed rate for the SBA portion
Loan Term: 10-25 years
Approval Time: Takes longer due to multiple approval steps
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Feature
|
SBA 7(a) Loan
|
SBA 504 Loan
|
|---|---|---|
|
Best For
|
Business purchases, real estate, refinancing,
working capital, buyouts
|
|
|
Loan Amount
|
Up to $5M
|
Up to $5M SBA portion (total project can
be higher)
|
|
Use of Funds
|
Flexible - Includes real estate + other business
needs
|
Strictly for fixed assets (real estate &
equipment only)
|
|
Down Payment
|
As low as 0%
|
Minimum 10% required
|
|
Interest Rate
|
Variable
|
Fixed for SBA portion
|
|
Loan Term
|
Up to 25 years
|
10-25 years
|
|
Approval Time
|
Faster, especially with Preferred Lenders
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Slower due to additional SBA approvals
|
