WHAT ARE SBA LOANS?
SBA Loans are loans to business owners from a bank. In this type of loan the Small Business Administration guarantees a percentage of any loss to the bank. The SBA is an independent federal agency. They have no contact with the borrower, only the bank. The bank extends the money, and the borrower pays the bank all of the payments.

The purpose of the SBA is to promote business growth and development. With the SBA guarantee, the banks can loan to businesses at better terms and rates. Without the SBA guarantee the bank may not be able to make the loan because of insufficient collateral. Generally, the SBA guarantee will cover one or two of the possible reasons a bank might normally turn down a loan request for a special purpose building or a restaurant. But because of the SBA guarantee, the bank can approve the loan.

The SBA guarantee provides the bank with additional capital and liquidity along with the credit enhancement. These advantages would not otherwise be available for the banks community.

WHY A SBA LOAN IS RIGHT FOR YOU?
It is sometimes almost impossible to obtain financing for certain types of businesses. For example, it can be very difficult to get conventional bank financing on a start-up business. But with added security of the SBA guarantee banks are eager to process your loan request.

Our staff has been dealing with the Small Business Administration since 1973. We work hand-in-hand with the SBA and the bank representing your loan request.

Robert E. Matheson
1220 Boone Ave.
Kingsland, GA 31548
912.657.2509

Cary Matheson
2134 Delano Drive
Atlanta, GA 30317
770.846.0042

We have funded many businesses with SBA Loans which provided us with the experience and the know-how to provide you the best service.

Generally, loans are available up to $1,500,000. However, we have loaned up to $2.3 million with an SBA guarantee. If needed, we will oversee the construction loan process.

HOW MUCH AND HOW LONG?
The term of the money is based on how the money will be used. Real Estate loans are for 25 years. Existing Real Estate is for 20 years. Equipment can be financed up to 15 years and working capital and inventory for 7 years.

WHO IS ELIGIBLE AND WHO QUALIFIES?
A majority of loan purposes for most businesses are eligible for an SBA guaranteed loan. Companies with retail sales in excess of $5 to $7 million, or they have over 100 employees may not qualify. A few specific businesses, such as nonprofit organizations, academic schools, trailer parks, mini-warehouses and investments properties, have been excluded.

TIME AND COST?
The SBA package does require a great deal of paperwork. However, we do all of the work to turn the request into a successful loan approval. The SBA charges a fee in the 3.5% range. On average it takes 30 days for approval and 30 days for closing.

Please call us and discuss your possible SBA Loan.
There are no cost associated with the loan unless it is granted.