SBA and USDA Loans in Indiana and Beyond!
Grow Your Business with an SBA Loan
There is no doubt that the recent months have been difficult for many small businesses. But you still have the burning desire that yours will continue to be profitable, vibrant, and growing. Perhaps this is a time to consider a Small Business Loan, SBA. At H4 Capital, we are known for our desire to work with small businesses like yours. As a Preferred Financial Services Company, we can help you in your quest for an SBA loan.
We can get you funds for commercial, real estate, and industrial properties, whether you need a new build, a rehab of an existing property, or a property refinancing. Here are some typical applications that we can help with:
- Hotels and Motels
- Gas Stations and Auto Repair Shops
- Vehicle Dealerships
- Care Homes and Health Centers
- Veterinary Centers
- Single-Purpose Buildings
SBA loans can also help you finance needed equipment. Examples of equipment types that qualify include:
- Manufacturing Equipment and Machine Tools
- Other Types of Heavy Equipment
- Diagnostic Tools
- Printing Equipment
- Trucking and Vehicular Needs
- Cleaning Equipment
- Medical and Veterinary Instrumentation
The United States Department of Agriculture (USDA) offers mortgage and other loans for people who want to purchase property. However, this comes with a caveat. The property in question must be in a rural area as it is given by the USDA for rural development. So, if you need USDA Loans in Indiana or another state with rural areas, choose to work with H4 for your USDA Loan needs.
Qualification Criteria and Loan Amounts
As part of the qualification process, we look at your business’ cash flow and the management style of your enterprise. Often, we can prequalify you in as little a 48 hours after your initial inquiry.
Loans are available for up to $5 million. For property purposes, they are generally structured as 15-year loans, with financing of up to 80 percent. Equipment loans typically carry a 25-year payback period, with up to 90 percent financing. SBA loans are fully amortized and never carry a balloon. There are no prepayment penalties as well. Once again, if you need a USDA loan, you MUST be in a rural area along with being a US citizen or permanent resident amongst other qualifications. Click the link HERE to learn more about USDA Loans.
Give Us a Call Today
Our agents are standing by to help you get the SBA financing you are looking for. We’ll discuss your loan needs and initiate the process quickly and efficiently.