SBA Loan Program

TBS Capital Corporation provides entrepreneurs with assistance in achieving their business goals. We work only with Preferred SBA Lenders in providing loans to businesses whether it is their first location or an expansion. By working with only Preferred SBA lenders, we are able to process your loans more quickly and efficiently.

There are a number of advantages to an SBA loan, including longer terms, ability to grant loans to a broader array of credit types, no balloon payments, and ability to include real estate financing.

Types of SBA Loans

• The 7(a) Loan Guaranty Program
• SBA Low Doc Loan Program
• Enhanced SBA Express Loan Program
• Certified Development Company (504) Loan Program

Who Is Eligible for an SBA Loan?

Most for profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, retail and service businesses as well as independent or franchise businesses.

Loan Qualifications

• Retail and service businesses with sales (3 year average) not exceeding $6 million to $20 million, depending on the industry.
• Wholesale businesses with employees up to 100 regardless of sales volume.
• Manufacturers with up to 500 employees, depending on the industry and regardless of sales volume.
• Construction businesses with sales (3 year) annual sales of not more than $7 to $17.5 million depending on the specific industry.

SBA 7 (A) Loan Size $150,000 to $2.0 million
SBA Low Doc Loan Program Loan Size Up to $150,000
Enhanced SBA Express Loans of $250,000 or less

Loan Fees

• Loan Packaging fee: $1,000 to $2,000
• Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit
• SBA Guaranty fee: 1.75% to 2.60% of the loan amount
• Fee can be financed in the loan

Use of Proceeds

• Commercial real estate (purchases, construction, or refinance)
• Leasehold improvements
• Business expansion
• Machinery, equipment, furniture and fixtures
• Business aquisition
• Working capital (offered in conjunction with some of the above)
• Start-ups (ALL franchises, motels, restaurants, gas stations and C-stores)

Other Credit Considerations

• Business must have adequate historic cash flow to cover the proposed debt
• Business debt to net worth must meet industry averages
• Borrowers must be actively involved in the day-to-day operation of the business, and experience for the particular industry.
• Satisfactory personal credit histories are required for all principals and guarantors.
• No past bankruptcies or felony arrest.

Contact us today about our SBA Loan Programs and services.