Date: Thu, 18 Dec 1997 11:41:36 GMT Server: WebSitePro/2.0.36e Accept-ranges: bytes Content-type: text/html Last-modified: Wed, 10 Dec 1997 17:33:57 GMT Content-length: 5130 Small Business Loans

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Small Business is Bigger Than You Think

According to SBA standards, over 90% of all U.S. corporations are classified as small businesses. And most of these companies are eligible for SBA loans, including manufacturing, wholesale, retail and service companies, both independent and franchised. The following guidelines can give you some idea of what size businesses are eligible:
  • Retail & Service - Annual sales $5 million - $21.5 million
  • Wholesale Distribution - 100 employees
  • Manufacturing - 500 to 1,500 employees
  • Construction - Annual sales $7 million - $17 million
  • Agriculture - Annual sales $500,000 to $9 million

The Associates, The SBA and You

The Associates is more than an authorized SBA lender. We're an authorized lender who specializes in securing SBA loans for the following small business categories:
  • Truck Dealers
  • Trucking Companies
  • General Contractors
  • Warehousing Companies
  • Equipment Rental Companies
  • Light Construction / Agricultural Equipment Dealers
  • Heavy Construction Equipment Distributors
  • Machine Tool Shops
  • Light Manufacturing Companies
  • Manufactured Housing Retailers
  • Communications Companies
  • Communication Equipment Dealers
Because we specialize in these industry categories (and have for over 75 years), we're staffed with experts who know your competitive environment, your capital needs, even your seasonal fluctuations. Armed with this kind of professional knowledge, we can go about structuring the best SBA loan for your situation.

Many Different Loans and Terms Available

As opposed to typical business loans, The Associates SBA loans can offer higher loan-to-value ratios and longer terms (up to 25 years). Loans can be fully amortized for seven to 25 years, depending on use. And there are no balloon payments or prepayment penalties.

Interest rates are generally indexed to no more than 2.75% above Prime Rate as quoted in The Wall Street Journal.

With a maximum amount of $1.2 million, depending on use, your loan can be designed to fund a single purchase, or a combination of needs, including:

  • Business Acquisition
  • Building Acquisition, Improvement or Construction
  • Purchasing Machinery, Equipment, Furniture, and Fixtures
  • Purchase of Inventory
  • Working Capital
  • Debt Refinancing

Applying is Easier Than You Think

Although an SBA loan from The Associates doesn't require much more paperwork than a conventional loan, our staff is always ready to answer questions and provide assistance. We can even assign one of our professionals to walk you through the entire application. However, because Small Business Loans from The Associates are guaranteed, the SBA has established general guidelines. For example: owner investment in a new business or project should generally be a minimum of 20-40%; owner management should be actively involved; personal guarantees are generally required of principals owning 20% or more of the business; a credit history should be available on all principals; adequate collateral is generally expected; and the ability to repay should be shown by historical and projected data.

To apply for a loan click here. When completed, please fax to the number listed at the top of the application.

For more information, call 1-800-605-1348 or just email us.


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