Whether you’re starting a small business, expanding an existing business, or need cash for equipment or improvements, NJ SBA Loans would like to assist your business.

NJ SBA Financing Options Include:

7(A) SBA Loan Program

Loan amount from $250,000 to $5 million

Common Uses:

  • Purchasing a business
  • Expanding a business
  • Purchasing Inventory
  • Refinancing and debt consolidation
  • Purchase or refinance of owner-occupied commercial real estate
  • And permanent working capital….

Advantages:

Purchase of Existing Businesses: Typically can finance up to 90% of project

Real Estate Acquisition: Typically can finance up to 90% of project; Term up to 25 years

Start-Ups: Can be used to finance real estate, equipment, leasehold improvements, and permanent working capital; Demonstrated management experience required

Industries we serve:

  • Restaurants
  • Franchises
  • Child Care Facilities
  • Gas Stations
  • Convenience Stores
  • Hotels
  • Manufacturing
  • Medical Offices
  • Start-up Businesses
  • And more… 

 

NJ SBA 504 Loan Program

Loans amounts from $250,000 to $15 million

Common Uses:

  • Purchase or refinance of owner-occupied commercial real estate
  • Renovation and or remodeling
  • New construction
  • Green Construction, Retrofit or Remodel
  • Purchase of “long term” machinery or equipment

Advantages:

10-year loan terms for equipment; 20-year terms for real estate

Typically can finance up to 90% of project

First mortgage is typically a 25 year term allowing for lower payments

Second mortgage is fixed for 20 years with a below market interest rate – no balloon or call later

Multiple options for title and ownership giving you flexibility

 

Working Capital Loan Program

Loans amounts from $5,000 to $150,000

Common Uses

  • Renting, buying or leasing equipment
  • Purchasing inventory
  • Facility expansion
  • Hiring additional staff
  • Launching a marketing campaign

Advantages:

6, 9, 12 and 18 month terms

Fixed interest & fixed costs

True business loans – not merchant cash advance

A decision in 48 hours, funding as fast as 7 business days

Daily direct debit payments mean no large end of the month payment

Industries we serve:

  • Restaurants
  • Liquor Stores
  • Small Retailers
  • Convenient Stores
  • Dry Cleaners
  • Gas Stations
  • And more…

Contact NJ SBA Loans to learn more!