Your SBA Preferred Financial Services Company:
Many people think that the SBA loan program in very complicated and confusing. To qualify it is really quite simple.
You need; Cash, Credit and Resume.
CASH – Breaking it down typically in an SBA loan you would need 20% down and enough to pay closing costs. I can show you how to get in for as little as 10%.
CREDIT – You need to have a decent credit score although the SBA cannot decline a loan solely on credit. A score of 620 would qualify.
RESUME – The SBA wants to make sure they are loaning you money for a business that you have some experience running or at least some transferable skills and job history.
ABILITY TO PAY BACK – Yes, the SBA wants to make sure that upon lending you money you will be able to pay them back.
It’s estimated that less than 20 percent of new startups succeed over the long-term. The primary reason behind their failures is money. However, with the help of our team here at Legacy Capital Group, your company doesn’t need to suffer this same fate.
The SBA Loan Program:
We offer a Small Business Loan program that can help you to secure an SBA loan from the federal government. All you need to qualify is have a combined workforce of less than 100 employees if you’re a service provider, 500 employees if you work in manufacturing, or annual revenues of less than $6 million if you’re in retail. SBA loan packages can be arranged to help cover between 80-100 percent of the costs for acquiring an existing business, buying commercial real estate, financing new equipment purchases, or consolidating your debt. SBA 7(a) loans are available for up to $5 million, while 504 loans can be had for up to $12 million for select purposes.
What Can We Do For You?
Here at Legacy Capital Group, we’ve been recognized as an SBA Preferred Financial Services company. This allows us to provide you with a number of distinct advantages that you simply won’t find with other financing firms. These include:
- Direct access to lenders with authority to approve SBA loan applications
- Faster loan application processing and approval times
- Loan guidance from some of the best and brightest minds within the commercial finance industry.
Believe us when we say that your company doesn’t need to end up on the ever-growing list of drive-by businesses. Our status as an SBA Preferred Financial Services company can help you get the federal financial assistance you need to help ensure the survival of your small business.