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SBA Loans Houston
It may be necessary for growing your business in order to have access to funding sources. If you need to buy commercial property, expand your business, purchase equipment, acquire a business or improve your cash flow situation, then an SBA loan is the way to go.
SBA Loans Houston
What Is an SBA Loan?
A loan made by an SBA is one that is provided by a participating lender but partially backed by the United States’ Small Business Administration (SBA). This partial government backing assists in mitigating the risks involved for lenders.
This kind of loan has become very popular due to its low-interest rates and extended loan period. But despite the fact that the loan is guaranteed by the SBA, it is financed by the participating lenders.
The reason why SBA loans are common is that they usually provide favorable interest rates, extended periods of repayment, and large sums of money for different purposes.
Despite the fact that the loan is guaranteed by the SBA, it is financed by participating lenders.
What we arrange
SBA Loan Programs
01
SBA 7(a) Loans
The SBA 7(a) loan program is one of the most flexible financing options available for small businesses. Funds may be used for: Business expansion, Working capital, Commercial real estate purchases, Equipment purchases, Business acquisitions, Inventory, Debt refinancing. This program is often a good fit for businesses seeking versatile financing with long-term repayment options.
02
SBA 504 Loans
The SBA 504 loan program is designed primarily for major fixed assets, including: Commercial real estate, Office buildings, Industrial facilities, Manufacturing properties, Heavy equipment. These loans help businesses invest in long-term assets while preserving working capital for day-to-day operations.
SBA loans in Houston
Typical SBA Loan Terms
SBA loans are known for long repayment periods and lower down payments than most conventional commercial loans. Exact terms depend on the program, the lender and your business, but here is what to expect.
Loan amount
Sized to your project
SBA loans can fund larger property purchases as well as smaller working capital and equipment needs.
Repayment term
Long repayment terms
Real estate can be repaid over a long term, while equipment and working capital usually have shorter terms.
Down payment
Lower down payment
SBA loans often need less money down than conventional commercial loans. Start-ups and special-purpose properties may need more.
Who usually qualifies
- For-profit businesses operating in the United States
- Businesses that meet the SBA size standards for their industry
- Owners who can invest some of their own money in the project
- Businesses with the cash flow to repay the loan
- Owners with a reasonable personal credit history
Business owners are usually asked to give a personal guarantee.
Common uses in Houston
- Buying an owner-occupied office, warehouse or retail building
- Buying an existing business or a franchise
- Expanding or renovating your location
- Purchasing equipment or machinery
- Working capital and inventory
- Refinancing higher-cost business debt
How it works
Our SBA Loan Process
STEP 01
Discuss your project
Tell us what you need the financing for, how much you need and your timeline. We review whether SBA financing is a good fit.
STEP 02
Choose the right program
We compare SBA 7(a), SBA 504 and other options for your goals, then match you with lenders suited to your project.
STEP 03
Prepare your package
We help you gather the documents lenders ask for, such as tax returns, financial statements and a business plan, so your request is complete.
STEP 04
Approval and closing
We stay involved through underwriting, appraisal and closing, and keep you updated at every step.
Questions
SBA Loan FAQs
How long does an SBA loan take in Houston?
Timing depends on the program, the lender and the project. Real estate purchases usually take longer than working capital loans, because they need an appraisal and an environmental review. Having your documents ready early is the best way to avoid delays.
What is the difference between SBA 7(a) and SBA 504 loans?
SBA 7(a) loans are the most flexible: they can be used for working capital, equipment, buying a business, refinancing or real estate. SBA 504 loans are designed for major fixed assets such as owner-occupied buildings and heavy equipment, and usually combine a bank loan with a loan from a Certified Development Company.
How much down payment do I need for an SBA loan?
SBA loans often need less money down than conventional commercial loans. A start-up business, a business purchase or a special-purpose property such as a hotel may need more. We can tell you what to expect once we know more about your project.
Can I use an SBA loan to buy commercial real estate?
Yes, if your business will occupy the property. SBA loans can finance owner-occupied buildings, generally where your business uses most of the building. For investment properties you plan to lease out, see our commercial real estate loans.
What documents do I need to apply?
Lenders usually ask for recent business and personal tax returns, a recent profit and loss statement and balance sheet, a debt schedule, a personal financial statement and details of the project. For a start-up or business purchase, a business plan and projections are also helpful.
Does Bellford Capital lend the money directly?
Bellford Capital arranges financing: we work with SBA lenders and other capital sources to find the right fit for your project, and guide you through the process from the first conversation to closing.
Exploring other options? See our commercial lending, bridge loans and commercial mortgage broker services.
SBA Loans Houston
Tell Us About Your Project
Share a few details and our team will get back to you about your SBA loan request.
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