Understanding SBA Loans: Your Gateway to Small Business Funding
Small Business Administration (SBA) loans are among the most sought-after financing options for small business owners in the United States. At Rrova, we help entrepreneurs understand their funding options and connect with the right lenders for their business needs.
SBA 7(a) Loans: The Most Versatile SBA Loan Program
The SBA 7(a) loan program is the agency's primary and most flexible loan program with a maximum loan amount of $5 million. These loans can be used for working capital, equipment, real estate, and more with terms up to 25 years.
SBA 504 Loans: Fixed-Rate Financing for Major Fixed Assets
The SBA 504 loan program is specifically designed for purchasing fixed assets such as real estate and equipment with below-market, fixed interest rates.
How to Apply for an SBA Loan: Step-by-Step Process
Applying for an SBA loan requires thorough preparation. You'll need comprehensive financial documents, a detailed business plan, and typically 60-90 days for approval.
Getting Started
At Rrova, our team can help you understand your financing options and connect you with appropriate lenders. Contact us today to start your SBA loan journey.
