Commercial Lending Services at Pinnacle Business Lending

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Most for-profit small businesses are eligible for SBA loans, which provide essential business financing options. This includes manufacturers, wholesale, retail, and service businesses, as well as independent and franchise operations.

Retail and service businesses seeking business financing with average sales not exceeding $6 million to $20 million, depending on the industry, can benefit from small business loans. Wholesale businesses with up to 100 employees, regardless of sales volume, are also eligible for SBA loans. Additionally, manufacturers with employees up to 500, depending on the industry and irrespective of sales volume, can explore various options for business financing.

There are a number of advantages to SBA loans for business financing: longer terms, no points, and no balloon payments. The SBA guarantee fee ranges from 1.70% to 2.60% of the loan amount, and this fee can be financed within the small business loans.

Commercial real estate financing options include purchases, construction, or refinance, all of which can be supported through small business loans. Leasehold improvements are essential for enhancing business operations, while business expansions, whether involving machinery, equipment, furniture, or fixtures, can also be funded with SBA loans. For those looking into business acquisition, working capital is available, often offered in conjunction with some of the above financing solutions. Additionally, start-ups such as franchises, motels, restaurants, gas stations, and C-stores can benefit from tailored business financing options.

For successful business financing, it is essential that a business has adequate historic cash flow to cover any proposed debt. Additionally, the ratio of business debt to net worth should align with industry averages, particularly when seeking small business loans or SBA loans. Furthermore, borrowers must be actively involved in the day-to-day operation of the business to ensure effective management and growth.

Customers have questions about business financing and options like SBA loans or small business loans; we have answers. Give us a call or use the contact form below, and we're happy to answer any questions you may have.