Is an SBA loan right for your business? SBA 7(a) loans generally offer lower interest rates, more flexibility with equity and collateral requirements, longer repayment terms, and fewer financial covenants (conditions) than conventional loans.
But not all SBA lenders are alike! If you’re looking for an SBA loan in order to acquire a business, expand your business, purchase equipment, or other reasons, it’s important to choose a lending partner with:
- Combined expertise in SBA lending and your industry
- The ability to offer small business loans in all 50 states
- Knowledge of how to structure an SBA loan to meet your needs
- Low down payments
Firestone Financial has been a direct lender since 1965, building deep experience in all the industries we serve. Our parent company, Berkshire Bank, has earned Preferred Lender Program status with the U.S. Small Business Administration, which enables faster SBA loan approvals. And our borrowers benefit from the focused SBA lending expertise of 44 Business Capital (a division of Berkshire Bank), which has originated more than $500 million in SBA 7(a) loans in the past nine years. To start turning your business dreams into reality, please contact us today.