02/23/2024
SBA guaranteed loans can be used for a variety of business purposes, including refinancing existing debt. If you currently have financing on your facility or equipment (either loans or capital leases), you may want to consider refinancing those obligations with an SBA loan. The SBA product allows you to considerably extend the maturity of your financing (out to 10 years, fully amortizing), while limiting the cost of the funding and positioning you to benefit from future rate reductions. The bottom line is that by consolidating existing debt with an SBA guaranteed loan, you will likely see a considerable reduction in your monthly debt service and as a result, your available cash flow and liquidity will increase to support the growth and prosperity of your business.
If you’d like to learn more about how SBA financing can positively impact your business, please call or e mail me at (425)522-8663 or [email protected].
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