Your Small Business Loans Resource Center

If you are looking for ways to streamline your application for SBA loans, you need to know that Paramex Capital is a preferred lender with the Small Business Administration Loans. This means we are empowered to approve our own loans, allowing us to make determinations faster than traditional lenders in the program. This lets us better meet the needs of our customers, no matter what kind of loan they are seeking.

Acquisition Loans

As part of its mission to keep jobs in communities and encourage economic growth, the administration allows for loans to cover the cost of purchasing existing businesses. They need to be financially healthy and meet program requirements and income limits, but terms up to 15 years are available, with LTVs as high as 80 percent.

Commercial Real Estate

If you want to own the building you operate from, you have the opportunity to work with us to do so. SBA loans cover funding for buildings up to $15 million, provided your company will occupy the majority of the floor space. All the following building types are easy to fund through this program:

  • Light industrial spaces like factories and warehouses
  • Office buildings and conference spaces
  • Restaurants
  • Storefronts
  • Hotels
  • Auto dealerships
  • Repair shops

New construction has more stringent requirements, but we can help you weigh your choices when you call to get more information.

Equipment Loans

One of the most popular loans of any type is the small business loan for equipment purchases offered through the administration. That’s because it allows small companies to take out loans large enough to cover all of their initial necessary equipment, with long terms and controlled interest rates that provide them the ability to keep their monthly overhead minimized. The result is a powerful solution that leaves room for reinvestment and growth.

If you want more information about loans backed by the Small Business Administration, contact us today to get your questions answered. Our associates can also help you start an application over the phone.