Introduction
Finding financing to start a new c-store business or buy or expand an existing c-store can be a challenge. So, too, can obtaining funds for construction or just working capital. Loans backed by the U.S. Small Business Administration (SBA) are a great solution for small business owners and entrepreneurs, but prospective borrowers often need a hand to secure one.
This is where The SBA Loan Experts®—a private consulting business comes in. Through its extensive SBA loan expertise and c-store industry experience, The SBA Loan Experts ® paves the way for aspiring and current c-store owners to seamlessly get an SBA loan with a very low down payment that can be used to acquire a c-store business or expand an existing one—and that’s just the beginning.
With nearly 50% of small businesses failing by year five, it’s no wonder that banks hesitate to loan them money. The SBA fills the void.
SBA loans are serviced by banks and credit unions, not the SBA. But they’re partially guaranteed by the U.S. government, making them a less risky proposition for financial institutions if borrowers default on them.
THE SCOOP ON SBA LOANS
High loan amounts compared to other loan options for small business owners
SBA-backed loans are the gold standard of small business loans because they offer:
Lowest down payment and APR for business/real estate acquisitions
Lower monthly payments due to long-term amortizations
Higher flexibility, as SBA financing is available whether or not a real estate transaction is involved
Easier approval, thanks to SBA guarantee and reduced risk for financial institutions
With The SBA Loan Experts®, overcoming the challenges of SBA loan applications is easy.
Potential long wait for approval. The SBA Loan Experts® works with SBA Preferred Lenders (PLP Lenders) that have the authority to make final approval decisions on SBA-guaranteed loans. This speeds up the approval process and reduces overall processing time. On the other hand, non-preferred lenders must submit loans directly to the SBA and wait for its approval, adding time to the approval process.
Paperwork can be difficult to navigate. The SBA Loan Experts® will help to streamline the paperwork, walking through it step by step, as well provide assistance in filling out the required forms.
Optimize their loan application, increasing the chance of approval
Refinance an existing loan
Acquire an existing business or franchise using an SBA loan with a very low percentage down payment
Identify and understand the SBA loan that best works for their business and its needs
More easily secure the funds they need for working capital, construction, or equipment purchase
The SBA Loan Experts® helps borrowers overcome these obstacles, so they can:
Connect with the right accredited lenders and lending partners
Revolving funds, based on the value of existing inventory and investments
Working capital—not just short-term, long-term too
Franchise financing
Constructing or building a new store or other structure—like an adjacent gas station or car wash—or refurbishing an old one
Purchasing equipment, machinery, fixtures, supplies, and materials
Buying an existing c-store or launching a new c-store business—or even expanding one that already exists
7(a) loans are a top choice for buying land and buildings as part of the business, but can also be used for so much more:
Delivers ample funding—with a loan maximum of $5 million
Is well suited to businesses with special requirements—and delivers financial assistance to satisfy those requirements
The SBA’s 7(a) program is one of its most popular options—and for good reason.
LEADING LOAN CONTENDER
When it comes to flexibility and versatility, SBA 7(a) loans earn an A+. There are also additional loan options, such as 504 loans and microloans. The SBA Loan Experts can help with those, too.
The SBA also offers fast-funded working capital loans. Applicants enjoy:
PUTTING CAPITAL TO WORK
Lower monthly payments, with a 10-year term
FAST funding— loans are funded in days, not months
Streamlined documentation— a simple loan process, with less documentation than required for most SBA loans
High approval rate, with loan approval based off gross revenue rather than net income (which helps more business owners to qualify)
Easy pre-qualification with two years of business tax returns and a minimum FICO score of 700
Applying for an SBA Loan for working capital with help from The SBA Loan Experts® is hassle free.
Whether prospective borrowers already own a c-store operation they’re planning to grow, or are just getting started in the business, the 7(a) program:
MAKING THE CONNECTION
The SBA Loan Experts® leverages…
…to assist existing and aspiring c-store owners in connecting with accredited lenders and partners, in turn procuring the best financing options for their businesses.
• Decades of lending industry experience
• Extensive SBA loan expertise
• Ethical business practices
