SBA Loan Program
Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.
Often times, borrowers are eligible for SBA financing, and they do not even know it. Traditional lenders will often decline borrowers for SBA financing, even though the SBA would approve that borrower- solely because of bank policy. If you have been declined for an SBA loan, double check with us- there is still a good chance that you can qualify!
What can I Use The Proceeds of My SBA loan for?
To learn more about SBA financing give us a call at 206-334-6623 or have a Radix representative contact you today!
Consider this: While the maximum loan to value (LTV) for conventional financing is normally around 65-70%- when it comes to SBA, that maximum rises to 90%, meaning that often, the borrower only has to put 10% down!