SBA 7(a) Loans
At CU Equipment Finance, we’re always looking to give our partners and their clients as many equipment funding options as possible. Therefore, we take full advantage of the Small Business Administration’s (SBA) lending programs as much as possible. Optimizing your ability to offer affordable funding to your clients, we’ve included the option of SBA 7(a) loans to our services.
Encouraging the expansion and growth of the nation’s small businesses, the SBA provides financial support for those business owners who may face obstacles with seeking working capital through traditional lenders. As the association’s primary program, the 7(a) loan program provides many benefits to today’s small business owner.
With easy-to-meet eligibility requirements, longer repayment terms and lower down payments, an SBA 7(a) loan offers business owners more flexibility than other options. The funds can be used to purchase the equipment and supplies that are necessary for continued operations or for expansion and growth of a business. Available to those operating, or proposing to operate, in the US or its territories, the loan helps those who have exhausted other options for funding.
By handling the approval process, payment details and loan management, we make it easy for our credit union partners to add SBA loan options to their menu of member services. Find out more by contacting a CUEF financing professional now.
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