BEST LOAN FOR SMALL BUSINESSES
Stay Ahead of Your Competition with SBA Loans
SBA loans assist you in starting or growing your business by offering lower interest rates, modest down payments, and advantageous clauses. In fact, the U.S. Small Business Administration partially guarantees the SBA loans. Hence, they are more secure and less risky in nature.
There are plenty of options in SBA loans.
- SBA 7(a) Loan & Funding Solutions
- SBA Microloan Options
- SBA Express Financing Tools
- 504/CDC SBA Loans
- Working Capital SBA Loans
- Flexibility in the usage of funds
Benefits
Minimal Fees
A one-time guarantee fee depending on the loan amount and maturity. Additionally, a monthly service fee is based on the guaranteed percentage of the outstanding debt. Markedly, every year, the SBA reviews its charge structure.
Longer Terms
Another advantage of SBA loans is that you have more time to repay them, which means you’ll have more cash to invest in other facets of your business. However, the purpose for which you will use the funds will determine the duration of the loan.
Secured Loan Programs
Ascension’s government-guaranteed SBA loans assure the maximum level of safeguard against malicious pursuits. Specifically, these loans assist small businesses and firms who may not qualify for traditional loans in obtaining the capital they require for their business.
Interest Rates are Competitive
SBA loans offer the most competitive interest rates. Hence, this makes them a lucrative option of financing for small businesses.
Varied Uses of the Funds
Clients can use SBA loans to meet a variety of business needs and expenses. Significantly, SBA allows using these loans for “most” business operations. Start-up, business expansion, equipment acquisitions, capital investments, inventory, and real estate transactions are just a few examples.
For small firms that might not otherwise qualify for a regular bank loan, SBA loans offer enticing rates and terms. Notably, the perks don’t stop here. Monthly payments, stable interest rates, and long payback durations are all features of these government-backed loans.
SBA loans are a great method to build and enhance your credit. This puts you in a better position to get funding the next time you need it. You may be eligible for bigger amounts and various types of financing if you have better credit.
Why Trust Ascension?
Sharp Market Focus
Ascension collaborates with financial and technological experts to develop funding options that help you reach your objectives. We add value to our customers by combining industrial expertise with financial know-how, allowing them to improve their competitiveness. We offer SBA loan programs in a variety of sectors, providing liquidity and managing important business risks, thanks to our diverse portfolio. Our solutions are built on a foundation of deep domain knowledge in important marketplaces.
Result-oriented Funding Programs
Our solutions reduce roadblocks to investment, from vendor finance to corporate loans. We collaborate with you to provide responsive, customized, and adaptable solutions. The aim is to help you regulate cash flow, generate additional capital, ease up the payments, and add value to your company.
Custom-Tailored Funding Tools to Power Future Business Ideas
Small enterprises have historically served as the economy’s core. Healthy businesses not only provide employment but also contribute significantly to the well-being of the communities. Surely, accessing the financing needed to fund expansion prospects is one of the most difficult barriers many businesses confront.
For our customers, SBA loans are a very valuable and useful option. As an SBA preferred lender, Ascension can provide you with advantages not accessible through the standard SBA route. Consequently, the reduced response times save time and effort for our clients. Small businesses can use SBA loans to fund the purchase of equipment, refinance, business expansion, and manage cash flow.
Choosing the Right Kind of SBA Loan
SBA 504 Loan:
Meant for the purchase of fixed assets such as real estate or equipment. These are long-term, low-interest fixed-rate financing options. They feature modest down payments, allowing you to have cash on hand to fund expansion.
SBA 7(a) Loan:
Clients can avail of this loan for equipment purchases, working capital, and commercial real estate. Further, the funds can be used for refinancing of debt, business acquisition, and expansion.
SBA Express Loan:
These have simpler term loans and rolling credit lines. These loans also require minimal documentation and have a quick response time.
Micro SBA Loan:
SBA microloans can be used for a variety of purposes, including working capital and the purchase of equipment and technology. The rate of interest you pay is determined by your creditworthiness as well as the specifications of your small business.
The team of financing experts at Ascension will explain to you every type of SBA loan in detail. Certainly, we suggest you the best options for SBA loans based on your business objectives and motive to take the loan.
Our clients get the best of both worlds: technology-backed funding tools, and adept financing and loan expertise. Moreover, the SBA loans come with a very competitive set of terms and conditions.
Ascension Capital Funding provides SBA loan solutions as well as guidance from industry experts. Indeed, these are longer-term loans offering multiple benefits – modernize current infrastructure, real estate finance, and much more.
We have loan options for all your business needs. Let’s Connect Now!
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