Sba Loans

Getting a Competitive Edge on SBA Loan Programs with the Help of UT Financial Services, LLC

SBA loans are a popular solution for small businesses looking for an injection of funds to cover everything from seasonal slumps to major expansions. However, as one of the more widely known sources of funding, obtaining SBA business loans is competitive.

Whether you’re simply looking to avoid the back and forth and endless hassles of the application process or need help in positioning your business for SBA loan approval, UT Financial Services, LLC, has helped businesses across the nation optimize their approach and navigate the often-lengthy application process.

We can complete most steps over the phone or online and pride ourselves in prompt, professional communication throughout the entire process. This means, for example, that for SBA loans, Cary, NC based businesses can skip the 3-hour drive and complete the process from the comfort of their own business.

Popular uses for SBA loans include:

● Equipment financing for restaurants
● Display cases and inventory for retailers
● Business equipment and supplies
● Financial backing for expansion or renovation

SBA loans are available in a variety of loan types, including:

● 7(a) loans
● 504 loans
● Microloans
● SBA disaster loans

Knowing which of these fit your needs best will help to improve the chances of approval and streamline the application process.

As the flagship SBA program, 7(a) loans are federally guaranteed and typically used for working capital, equipment purchases, or expansion.

In contrast, 504 loans are federally guaranteed and typically used for buying machinery, facilities, or land.

Microloans deal with much smaller loan amounts than both 504 and 7(a) loans. In most cases, total funding is less than $50,000. This makes them ideal for injecting funds into business financials for working capital, purchasing inventory, obtaining equipment, or even starting a business.

Lastly, SBA disaster loans sit between the two with upper limits of $2,000,000. However, these are only available to small-business owners impacted by natural disasters or other emergencies.

As a leading commercial real estate consultant firm in Charlotte, North Carolina, UT Financial Services, LLC, combines years of experience with the SBA loan program and knowledge of a range of other structured financial solutions — including hard money loans and mezzanine financing — with an extensive network of private lenders and institutional capital sources to help businesses find financing to meet their business goals.