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Follow on Google News | Commercial SBA Loans in San AntonioBy: Proactive Commercial Lending Group Commercial SBA loans in San Antonio can help businesses reach new potential. But, there are some things you need to understand about commercial SBA loans in San Antonio and other locations. Commercial SBA Loan Basics Unlike applying for a regular loan, like for a car or even a house, a commercial SBA loan is very different. Sure, it's for a commercial or enterprise application -- that's obvious. But, there are more differences. First and foremost is the fact the United States Small Business Administration does not lend businesses money. Yes, you read that last sentence correctly. The SBA doesn't lend businesses money. However, it does provide banks and other financial organizations with standards and guidelines. Commercial SBA loans are for small businesses and small businesses only -- not for large companies. Loan amounts can go up to $5 million, but most are significantly smaller in amount. Commercial SBA loans range from only a few years, up to a decade or as much as 25 years. In fact, most commercial SBA loans which are the longest are typically for commercial real estate purchases. Also, repayment installments are made by the borrower on a monthly basis. Generally, funds are made available to the borrower within 30 to 90 days. However, this is just a rule of thumb, as some loan products might differ. Commercial SBA Loan Eligibility What most business owners are most interested in knowing is what are the requirements for obtaining a commercial SBA loan. Here's a shortlist of what's needed to be eligible for an SBA loan: • The business must operate in the country. • The company has to be for-profit. • The business must be in an eligible industry. • The main borrower must have equity in the business. • The business can't be too large, with too many employees and too much annual revenue. As you can see, commercial SBA loans are fairly straightforward and can help small operations achieve big goals. For help getting Hard Money Loans in Texas, contact http://www.proactivelendinggroup.com End
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