504 small business loan
At Biz2loan, we specialize in offering SBA 7(a) and 504 loan programs tailored to meet the needs of retail, service, wholesale, and manufacturing businesses. Our Small business loan program in Miami are designed to help you optimize working capital and cash flow with maximum financing options and no balloon payments.
SBA 504 Program Highlights:
- Versatile Financing: Ideal for a range of purposes including building acquisition, construction, machinery financing, renovations, and expansions.
- Extended Repayment Terms: Enjoy up to 10 years for equipment and up to 20 years for real estate.
- Substantial Loan Amounts: Fund projects up to $12 million.
- Competitive Interest Rates: Benefit from below-market rates when combining 1st and 2nd mortgages, with First Federal covering up to 50% and the SBA financing up to 40%.
- Flexible Usage: For existing facilities, use 51% of the space; for new construction, use 60%.
SBA 7(a) Program Highlights:
- Broad Application: Use funds for business startups, working capital, or to purchase inventory, equipment, or real estate.
- Flexible Repayment Terms: Choose from terms ranging from 7 to 25 years, with up to 10 years for equipment and up to 25 years for real estate.
- Significant Loan Amounts: Borrow up to $5 million, depending on your loan’s purpose.
Whether you’re looking to expand, renovate, or start a new venture, Biz2loan provides the financing solutions you need with fast turnaround times, flexible terms, and no pre-payment penalties.