USA BUSINESS BROKERS
BUY OR SELL YOUR BUSINESS CONFIDENTIALLY
USA Business Brokers
can help you find:
FLORIDA Business Opportunities, Inc.
3800 S. Tamiami Trail Suite #325
Sarasota, FL 34239 USA
The SBA Loan Guaranty Program provides the Bank up to 85% guaranty on Long term loans when the proceeds of the loan are used for fixed asset purchases, working capital, or the refinance of existing debts for owner-occupied business.
Use of Proceeds:
Up to 90% financing for the purchase of land and/or
Operating, for profit Corporations, Limited Liability
Corporations, Partnerships. Or Sole Proprietorships.
Target Loan Size:
Minimum loan of $150,000.
Up to 25 year financing for real estate acquisitions,
real estate refinances land purchases or construction loan take-outs.
Loans will be priced on a variable basis, tied to the
New York Prime Rate and will adjust quarterly.
Owner must be actively involved in the business operations.
No unsecured loans are available under this program.
The SBA does not allow the Bank to charge the borrower
points on a 7A guaranteed loan, unless it involves a construction loan.
The SBA charges a fee, which is based on the size of the loan guarantee.