Small Business Loan
Explore Your Small Business Loan Options
The SBA has provided U.S. small businesses with information, guidance and financial resources for over 60 years. This agency partners with thousands of private lenders across the country to offer financing for real estate, equipment, working capital and more. Landline Financial Services is a Preferred Financial Services provider with the Small Business Administration. We lend through the Administration’s 7(a), 504 and other programs.
Small Business Administration 7(a) and 504 Loans
You may have heard about 7(a) and 504 small business loan programs. Both fund small business needs, but they have a few key differences. The 504 program provides money for real estate and fixed assets. Most of its funds are used on property purchases, heavy equipment, construction and renovations. The 7(a) program mostly lends funds for business development, which includes a wide range of functions:
- Buying property
- New construction
- Supplies and inventory
- Equipment and fixtures
- Debt refinancing
- Working capital
Our 7(a) and 504 loans offer $5 million with 25-year terms and full amortization. They come with fixed or variable rates, up to 90% financing and no penalties for early payoff.
Business Acquisition Financing
In conjunction with the Administration, we also provide business acquisition financing. Our loans can finance up to 80% of your costs, with 15-year terms plus full amortization. These loans have no ballooning or prepayment penalties. We have a convenient prequalification process with responses in as little as 48 hours. When decisioning loans, we consider management history and cash flow.
Get in Touch With Our Specialists
The SBA focuses on helping small businesses grow and thrive – and so does Landline Financial Services. With 7(a) and 504 loans plus other kinds of financing, we can provide the funds your business needs to keep moving and stay on track. We also have a diverse selection of other commercial finance products designed for smaller firms. Contact us today to find out more or apply