Types of SBA Loans

If you are looking to get funding for your business, you have come to the right place. Lend Now Capital is a top-rated business lender that offers SBA 7(a) and 504 loans from $400,000 to $5 million. These are two of the most widely used Small Business Administration funding options.

SBA 7(A) Loan

At Lend Now Capital (LNC) we allow you to focus your business while we work on your loan! We are one of the largest packagers of SBA loans in the United States. We will help you every step of the way. We assist in filling out the application, helping you collect the necessary documentation, maximize the loan you qualify for, and get it funded in the fastest period of time.

We stay with you until the loan is fully funded!

We never ask for a retainer and only receive a fee when the loan is funded. Because of this fact, our interest is totally aligned with you.

SBA 504 Loan

The SBA 504 loan program is comparable to conventional financing, with the additional special benefits of SBA when it comes to purchasing owner-occupied properties for your business. For businesses that are looking to add a new office, warehouse, or real estate to their existing business, this program is perfect. Purchasing real estate under the SBA loan program must be owner-occupied, i.e. the operating business must occupy at least 51 percent of the building they are buying.

Benefits of SBA 7(a) Loans

Understanding the benefits of SBA 7 (a) loans can help you make an informed decision for your business. Below are key features that make this loan program an attractive option:

Longer repayment terms
Flexible use of proceeds
None or very limited prepayment
Smaller down payment
Very few covenants
Lower equity requirements

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