Nationwide SBA Business Lending

Nationwide SBA Business Lending Available!

SBA 7a and SBA 504

SBA 7(a) loans can be used for a variety of purposes, including:  

• Real estate: Acquiring, refinancing, or improving real estate and buildings  
• Working capital: Short- and long-term working capital, including startup costs and operating capital  
• Debt refinancing: Refinancing current business debt  
• Equipment: Purchasing and installing machinery and equipment, including AI-related expenses  
• Furniture, fixtures, and supplies: Purchasing furniture, fixtures, and supplies  
• Changes of ownership: Complete or partial changes of ownership  
• Multiple purpose loans: Any of the above purposes  
• Business inventory: Purchasing business inventory 
• Acquisitions: Funding business acquisitions  
• Leasehold improvements: Financing leasehold improvements, such as machinery, equipment, and rolling stock
• Car washes: Acquiring a self-service or full-service car wash 
• SBA 7(a) loans are term loans that can provide qualified business owners with up to $5 million. They can have the following benefits: Longer terms than conventional lending, Lower down payments, Competitive interest rates, and Flexible repayment terms. 

The repayment terms for SBA 7(a) loans are:

• Real Estate: Up to 25 years
• Equipment: Up to 10 years
• Working capital or inventory: Up to 10 years  

An SBA 504 loan can be used for a variety of purposes, including:  

• Real Estate

  Purchase or construct owner-occupied commercial real estate, such as an office, manufacturing facility, or storefront. You can also use a 504 loan to purchase land and construct a business location.  
• Equipment

  Purchase long-term machinery and equipment with a remaining useful life of at least 10 years. 
  
Renovations
Renovate or improve existing facilities, including utilities, streets, or parking lots.  
Debt refinancing
In some circumstances, you can use a 504 loan to refinance existing debt.  
• Business ownership change

  In some scenarios, you can use a 504 loan to change ownership in your business.  
SBA 504 loans are intended for healthy, expanding for-profit businesses that are seeking long-term financing with a low down payment. You cannot use an SBA 504 loan for working capital or to purchase inventory.  
The term of an SBA 504 loan depends on the type of asset being purchased or improved:
Real Estate: 10, 20, or 25-year terms
Machinery and Equipment: 10 years, but may be eligible for 20 or 25 years depending on the equipment's life
Leasehold improvements: 10 years 

FAST CAPITAL PROGRAM

We offer multiple financing options for businesses including Term Loans, SBA Loans, Advances, Credit Lines, and more! We can even consider borrowers turned down by other lenders due to low credit or other financing barriers.

Funds can be used for any business purpose such as to buy or start a business, for working capital, or to consolidate debt or merchant cash advances.

• $1,000 to $500,000+
• No Min. Credit Score
• Competitive Financing Rates
• No Collateral Required
• Streamlined Underwriting
• No Min. Revenue Required
• No Min. Time in Business
• Most Business Types Eligible
• Nationwide Financing
• Same-Day Funding Available

BUSINESS CREDIT LINES

Are you seeking flexible access to capital, where you pay only for the funds you need? A revolving business line of credit operates like a credit card, usually offering a higher credit limit and lower interest rate, and you pay interest and fees solely on the funds you utilize.

You can pay off your balance at any time without incurring penalties and repeatedly draw funds for expansion, emergencies, or any unforeseen business expenses.

• $1,000 to $500,000+
• Low Interest Rates
• No Min. Credit Score
• Up to 36-Month Terms
• Streamlined Underwriting
• 6+ Months Time in Business
• No Collateral Required
• Most Business Types Eligible
• Nationwide Financing
• Same-Day Funding Available

CONVENTIONAL AND SBA BUSINESS FINANCING

Business owners can access flexible Conventional Loans or preferred SBA Financing for a variety of business purposes such as to purchase or construct commercial real estate, buy or start a business, for large amounts of working capital, to open a new location, or to consolidate debt or merchant cash advances.

We can even consider borrowers turned down by other lenders due to credit issues, limited collateral, or other financing barriers.

• $250,000 to $15 Million
• Nationwide Financing
• 650 Credit Score Min.
• Competitive Interest Rates
• Monthly Loan Payments
• 5- to 25-Year Loan Terms
• Flexible Underwriting
• Most Businesses Eligible 
• No Prepay Penalty Options
• Expedited Funding Available

EQUIPMENT FINANCING

 

Most equipment and businesses are eligible, and you can count on the most competitive terms and a tailored equipment financing structure that works for you.

• $5,000 to $5 Million
• Custom Payment Options
• Competitive Pricing
• Up to 10-Year Terms
• Dealer & Private Party Sales
• Nationwide Financing
• 0% Down on Purchases
• Startup Terms Available
• Same-Day Funding Available
• NEW and USED Equipment

To see how we operate differently visit us at:

www.McCormickLendingGroup.com

  

Bob McCormick, President

Call Toll Free 800 328-0144

Email- McCormickLending@gmail.com

Residential - Commercial - SBA Lending

14362 N Frank Lloyd Wright Blvd 1000

Scottsdale, AZ 85260

23 Corporate Plaza Dr. #150

Newport Beach, CA 92660

 

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