A Loan Designed To Meet Your Unique Needs
At Aspen Commercial Lending, we strive to provide businesses with financing designed to meet their unique needs and to fit within their budgets. Though every company’s needs are different, one loan small businesses routinely benefit from is the small business loan. For help with the application process, and to increase your odds of getting approved, contact our small business commercial loan team today.
Potential To Borrow Up to $5 Million
The SBA loan may be for small businesses, but that doesn’t mean it offers limited capital. Because of our position as a Preferred Financial Services Company, we can comfortably grant small business commercial loans of up to $5 million with competitive rates and flexible terms. For both the 7a and 504 programs, our rates are fixed and variable. We offer terms of up to 25 years with full amortization and do not charge prepayment penalties.
Flexibility in How You Use Your Small Business Commercial Loan
At Aspen Commercial Lending, we don’t want to tell you how to use your loan money, so we won’t. Whether you wish to finance commercial property, want to purchase an industrial building or plan to boost your equipment inventory, we’re simply happy to know we had a role in helping you grow your business. Two common uses for a small business loans are to finance industrial and commercial real estate and to purchase new equipment. Some properties borrowers acquired with an SBA loan are as follows:
- Car dealerships and repair shops
- Gas stations and car washes
- Hotels and motels
- Child care facilities
- Veterinary practices
- Single-purpose buildings
- Manufacturing equipment
- Trucking equipment
- Machine tools
- Medical equipment
- Heavy equipment
- Diagnostic equipment
Qualifying for Small Business Loans
Before approving a business for a small business loan, our lending team looks to a few different performance indicators. The two primary factors we will consider when you apply are your business’s cash flow and how well your business is managed. Once you apply, you may receive a prequalification in as little as 48 hours.
Contact Us Today
Are you interested in obtaining an SBA loan? Contact Aspen Commercial Lending by phone or email today to discuss your options.