Have the SBA Back Your Small Business Loan

One of the most appealing and beneficial types of financing is one backed by the Small Business Administration. Learn more about how you can benefit from an SBA-backed loan and how TrueLink Capital Solutions can help you be approved for one.

Small Business Administration Loans

One misconception about SBA-backed loans is that they are more difficult to receive. The main reason loans may be rejected is because the ability to repay it is in question. Having the Small Business Administration back your loan makes it easier to repay, which means it is also easier to qualify. Less paperwork is required and, in most cases, less collateral as well. Additionally, small businesses that would otherwise not be able to qualify for a loan can be approved for this special type of financing. And, of course, the biggest benefit of having a loan backed by the Small Business Administration is an increased amount of working capital that can be gained. All these benefits together mean that a very small business can receive an impressively large loan and make huge improvements to the business.

Our SBA loans offer a wide range of benefits, such as:

  • Loan amounts up to $5 million
  • Flexible terms
  • Fixed and variable rates for both the 7a and 504 loan programs
  • No pre-payments penalties
  • Competitive rates
  • Up to 90 percent financing
  • Approval in as little as 48 hours

Putting Your Small Business Loan to Work

Once you have been approved for your loan, it is up to you to decide the best way to utilize it. It is possible to make huge changes that last for years after you have finished repaying the loan, permanently increasing your profits. Some of the most common and helpful uses for a small business loan include:

  • Business acquisitions
  • Refinancing
  • Upgrading or purchasing new equipment
  • Purchasing new real estate
  • Completing a remodel

SBA Loans for Property Transactions

TrueLink Capital Solutions offers SBA loan programs for commercial real estate transactions. Our SBA loans can be applied to the following property types:

  • Car washes
  • Gas stations
  • Car dealerships
  • Car repair shops
  • Child care facilities
  • Single-purpose buildings
  • Veterinary practices
  • Hotels and motels
  • Nonconforming properties

If you need to launch, purchase, or refinance a business, using a small business loan from TrueLink Capital Solutions will help you reach your goals. Our team will process SBA loan requests quickly and efficiently so you will have access to the funds you need without any delays. Our SBA loan programs can also be used for commercial real estate projects and transactions, such as repurposing existing structures and new construction.

Business Equipment

Our SBA loans can be used for acquiring equipment and other assets such as:

  • Medical equipment
  • Dry-cleaning machinery
  • Diagnostic equipment
  • Machinery tools
  • Trucking equipment
  • Printing and binding machinery
  • Manufacturing equipment

Contact TrueLink Capital Solutions today, and one of our SBA loan experts will work with you to structure a solution to meet your business needs and help you reach your goals.