Reliance Partners, LLC arranges for SBA and B&I Loans through its nationwide network of preferred SBA underwriters.  SBA Loans can be very useful in many instances and are for businesses operated "for profit". The time involved in qualifying for and funding an SBA Loan (30 to 60 days) is usually longer than other types of Reliance Partners, LLC funding options such as leasing and financing, but an SBA Loan can prove beneficial in the following circumstances:

FRANCHISE FINANCING or BUSINESS ACQUISITION

If you are looking into purchasing a franchise or a business, an SBA Loan may be the answer. Standard terms include 20% equity and can involve real estate or even a seller carry back to help.

COMMERCIAL REAL ESTATE

SBA Loans are often used to provide funding for owner occupied property. Terms can be offered as long as 25 years with up to 90% Loan to Value ratios with no balloon payments, no prepayment penalties and no escrow accounts.

Additionally, if you are an owner of the company, the program may allow for you to own the business property personally if you have a lease between the business and yourself in place.

COMMERCIAL MARINE

Long term financing for can be obtained for a commercial marine vessel such as a fishing vessel, passenger vessel, tug or barge.

DEBT REFINANCE

An SBA Loan may be used if you have an existing business and have short term debt and bank loan covenants that you would like to refinance. Depending on the collateral, SBA Loans can be structured from 7 to 20 years if equipment and owner occupied real estate is involved.

SBA LOANS CANNOT BE UTILIZED FOR THE FOLLOWING:

1.)  Provide funds for speculative purchases.
2.)  Real estate to be primarily held for sale or investment.
3.)  Create or encourage a monopoly or a conflict of interest.
4.)  Pay delinquent state and federal taxes.