NON-BANK SBA LOANS
SBA Loans
If you're looking for capital to finance a new franchise, acquire or expand one that already exists, you're looking for flexibility. You're looking for innovative ways to create growth without using up your cash flow. We know the ups and downs associated with franchise ownership.
Brinsaire Financial Group provides loans to franchise owners seeking all of the above. Because we're a non-bank work with non bank lenders we're not constrained by the contingencies and regulations that tie bankers' hands. Since we SBA "preferred lenders only our SBA loans of up to $1 million go through in no time. Terms are flexible: up to 25 years.
Many banks are not allowed to use local capital to finance out-of-state transactions. But our lenders can.
SBA Loans include longer terms and larger loan amounts than a traditional loan. They also have better interest rates don't have balloon payments don't require annual reviews.
SBA loans are fully amortized. The benefit of full amortization, think of a loan that is used to purchase commercial property.
The traditional bank loan is normally amortized over 15 to 20 years and renewed every 3 or 5 years. So, when a small business owner sees the 3 year review of that traditional loan:
The bank may say that its risk adversity no longer favors loans for your type of business and then requires full payment.
The bank may review and may require that the loan be amortized over another 15 to 20 year period which means more interest over the term of the loan.
If the small business is doing well, the bank may renew the loan with no changes, but the borrower still pays thousands of dollars more in costs because of the the renewed loan application.
All of the never knowing and additional costs for refinancing or restructuring the loan, you don't have all that with SBA financing which is fully amortized over the entire 25 year term and it has no annual reviews or balloon payments.
For small businesses, cash flow is almost always a major concern. A SBA guaranteed loan may be the answer and is usually the best way to obtain long term financing. SBA loan terms typically range from 7 to 25 years, fully amortized, depending on the purpose of the loan.
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
SBA
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