Small Business Loan

A Small Business Loan for Your Property and Equipment Acquisitions

The U.S. Small Business Administration has been helping smaller companies since July 30, 1953. The SBA loan program is one way it gets smaller entities off the ground. Financing, such as that under the 7a and 503 programs are issued by designated “Preferred Financial Services” companies. Apollo Commercial is a preferred company, meaning we can process your application quickly.

Funding for Real Estate

Both the 7a and 504 loans are eligible to help you purchase commercial real estate. You can also use the funds the build or renovate commercial property, as well as refinance your existing mortgage. Properties eligible under either program include:

  • Car washes
  • Childcare facilities
  • Fuel stations
  • Hotels or motels
  • Vehicle dealerships
  • Vehicle service shops
  • Veterinary hospitals

Nonconforming properties and single-purpose buildings also qualify for funding through an SBA loan program. In order to secure the financing, you must show you have a positive cash flow resulting from a well-managed business plan among other criteria.

Funding for Equipment

Most businesses also need equipment to operate, especially automotive, healthcare and production companies. You can use the 7a or 504 monies to finance the machinery you need for:

  • Diagnostics
  • Dry cleaning/laundry
  • Heavy construction
  • Healthcare
  • Machine tools
  • Manufacturing
  • Printing and binding
  • Transportation

The amortized loan amounts we offer are up to $5 million, and there is no ballooning. There are no penalties for prepayment, either. We will finance your acquisition up to 80 percent under a 15-year loan term or 90 percent under a 25-year term. We will work with you whether you prefer a fixed or variable interest rate.

Pre-qualification Within 48 Hours

Let Apollo Commercial finance your small business loan. Fill out our online application for initial approval or call us today to speak with a representative. We are happy discuss your financing options with you so you can secure the property and/or equipment you need for your commercial entity.