Come To Us for Your Small Business Loan Needs
Small businesses have special needs when it comes to getting loan approval. In many cases, they have little to no established revenue, no credit history and very little collateral. To overcome these challenges,123 Financed commercial lending offers small business loan products that are easier to qualify for than most traditional loans.
Qualification Requirements and Other Details
Although you may not have much in the way of collateral or credit history, you will still need to show some indication that you are not a high-risk applicant. When you apply for an SBA loan, we’ll take a look at a few indicators before granting approval (including your business management practices and cash flow). Once approved, you’ll be able to receive up to 80% financing and terms up to 15 years. There are on balloon payments at the end of the loan period and no penalties if you choose to pre-pay.
Properties We Finance Regularly
We have experience financing many different types of properties. Examples of property types we frequently give small business loans to include:
- Child care facilities
- Car dealerships and repair shops
- Single-purpose buildings
- Motels and hotels
- Gas stations
- Car washes
- Nonconforming properties
- Veterinary practices
In addition to financing properties, we also offer equipment financing so you can get the machinery your business needs without draining your cash account. We regularly finance everything from complicated diagnostic equipment to large machine tools.
Large Loan Amounts
If you need as much as $5,000,000 to construct, renovate or acquire a property or business, we can help. We offer large loan programs that come with up to 90% financing over 25-year terms. As with our small business loan products, our large loans are also fully amortized and don’t have any prepayment penalties.
In a matter of minutes, you could find out if you qualify for our SBA programs. Call us today to start the quick and affordable pre-qualification process.