SBA Loans are specially designed to provide small businesses with the funding support they need to thrive. Backed by the Small Business Administration, these loans offer lower interest rates and longer repayment terms than most traditional financing options. They are ideal for businesses looking to make significant investments in their future, such as buying real estate, increasing working capital, or funding large-scale expansion projects.
With their favorable terms, SBA Loans reduce the financial strain on your business, making them a less risky option for long-term investments. The extended repayment periods and lower down payments associated with these loans allow you to conserve cash and focus on growing your business. Additionally, the government backing provides a layer of security, making these loans more accessible to businesses that might not qualify for traditional lending.
Lower interest rates and flexible terms
Longer repayment terms
Can be used for a variety of purposes including expansion, real estate, and working capital
Reduced down payments and flexible overhead requirements
Government-backed assurance
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FAQS
Yes, we does not charge any penalty for paying off your business financing early. In fact, many customers who pay off early qualify for Early Payment Discount. If you would like to find out your early payoff amount, you can request it from us at any time and we are happy to let you know what your payoff balance is.
To Qualify, your business should have the following:
• Minimum of 6 months in business
• Minimum of $50,000 in monthly revenue
Purple Peach goes through great lengths to make sure your information is safe and secure. Here is how:
• 128-bit secure sockets layer (SSL) Technology
• To access your account, you must use a browser that supports 128-bit encryption. This is one of the best commercial methods available.
No.
I have more questions, can you help?
Yes, you can contact us and one of our dedicated experts will assist you with any questions you have.
The funds can be used for any business purpose. It is up to you to decide how you want to use it. These are some of the most common ways that customers have used their loans:
• Increased Cash Flow
• Marketing
• Everyday Business Expenses
• Payroll
• Purchase Inventory
• Hire Additional Employees
• Equipment Upgrades
• Renovations/Refurbishments
• New Locations
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