{"id":11151,"date":"2019-07-10T12:12:54","date_gmt":"2019-07-10T19:12:54","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=11151"},"modified":"2021-05-10T20:30:40","modified_gmt":"2021-05-11T03:30:40","slug":"how-much-can-i-get-with-an-sba-loan","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/how-much-can-i-get-with-an-sba-loan\/","title":{"rendered":"\u00bfCu\u00e1nto puedo obtener con un pr\u00e9stamo de la SBA?"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Our small business owners are often eager to cut to the chase. With close to 40 years in the industry, TMC Financing has been asked this question over and over: How much can I get with an SBA Loan? Well, the answer is not so black and white.\u00a0\u00a0<\/span><\/p>\n

First of all<\/span>, there are several SBA Programs that small business owners can turn to when they are in need of financing. <\/span>H<\/span>ere is a brief run down, excluding some loans targeted more specifically such as the <\/span>SBA Export Loan<\/span><\/a> and <\/span>SBA Disaster Loans<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

SBA Microloan:<\/span><\/b> Ideal for business owners in need of a small amount of financing. Funds can be used to start or expand a business. Funds <\/span>cannot <\/span><\/i>be used towards real estate or to refinance. No down payment is required however collateral is.<\/span>\u00a0<\/span><\/p>\n

So<\/span>,<\/span> how much can <\/span>you <\/span>get <\/span>with <\/span>an SBA Microloa<\/span>n<\/span>? Borrowers can get up to $25,000.<\/span>\u00a0<\/span><\/p>\n

SBA 7a Loan:<\/span><\/b> This the most common SBA Loan, best used when financing is needed for working capital. Funds can also be used for fixed assets, construction, and for refinancing. The down payment starts at 10%, the interest rate is typically variable, and collateral is often required.<\/span>\u00a0<\/span><\/p>\n

So, how much can you get with an SBA 7a loan? Borrowers can get up to $5,000,000. This is the maximum total project cost.<\/span>\u00a0<\/span><\/p>\n

SBA 504 Loan:<\/span><\/b> The 504 Loan is a lesser known SBA Program that can be used to purchase fixed assets such as real estate or equipment. Funds can also be used for construction, tenant improvements, and refinancing. The down payment starts at 10%, the rate is <\/span>below<\/span>–<\/span>market and FIXED<\/span><\/a> for up to 25 years, and no additional collateral is required.<\/span>\u00a0<\/span><\/p>\n

So how much can you get with an SBA 504 Loan? Here is where the gray area<\/span>\u00a0lies.<\/span>\u00a0<\/span><\/p>\n

With an SBA 504 Loan, most b<\/span>usiness owners\u00a0<\/span>can get up to $5,000,000 from the SBA <\/span>and\u00a0<\/span>certain circumstances will allow t<\/span>hem t<\/span>o get up to $5,500,000. <\/span>However, t<\/span>his does not mean there is a cap on total project cost like there is with the 7a loan. Due to the unique structure of the SBA 504 Loan, there is <\/span>no limit to the total project cost.<\/span><\/i><\/b>\u00a0<\/span><\/p>\n