Get Your Business on the Right Track With a Great SBA Loan
Starting a new business in the Seattle, WA area requires a good amount of working capital. If you don’t currently have the money you need to succeed, don’t let that stop you from chasing your professional dreams. Here at Horizon Capital Funding, we have a variety of SBA loans for businesses in Seattle, WA. We enjoy helping entrepreneurs gain the funding necessary for success. We have backing from the Small Business Administration, which means we have the unique ability to close on loans quickly and efficiently.
Benefits and Details of Our Loans
Our SBA 7a and 504 loans are very popular among small business owners in Seattle. If you’ve been thinking about getting this type of loan, here are some of the details and benefits you should know about before you apply.
- Loan amounts as high as $5,000,000
- Low interest rates
- Full amortizations
- Fixed and variable rate options
- No penalties for prepayment
- Loan-to-value between 80% and 90%
- Prequalifications within 48 hours
- Terms up to 25 years
- No balloon payments
Additionally, our SBA loans can be used to refinance existing debt, to make investments in commercial properties or to use as a source of working capital. Once you receive the funding, you have freedom to put it toward anything that will help your small business succeed and continue to grow.
Commercial Real Estate Considerations
Our borrowers frequently use our SBA loans to renovate, construct, refinance or purchase commercial properties in Seattle, WA. Our loans are often used for the following types of properties:
- Nonconforming properties
- Childcare centers
- Hotels and motels
- Automobile dealerships
- Convenience stores and gas stations
- Veterinary and medical practices
- Owner-occupied properties
Don’t worry if the property type you’re interested in purchasing or renovating isn’t included in the above list. We have the ability to extend financing for almost all properties, provided the applicants meet our minimum qualifications.
Equipment Financing Options
As a business owner, you know how important it is to be able to purchase equipment. Unfortunately, many startups lack the necessary funds to cover the expense of equipment. That’s why Horizon Capital Funding loves to offer equipment financing options. Our SBA loans can cover all types of machinery and equipment, including:
- Office fixtures
- Machine tools
- Dry cleaning and laundry equipment
- Diagnostic and medical machinery
- Heavy equipment and trucking vehicles
- Restaurant equipment
- Computers, software licenses and servers
- Binding and printing equipment
Through our financing options, we remove the need to put down large amounts of money on equipment. Instead, you can pay for the equipment you require with reasonable monthly payments.
Are you interested in merging with another business or buying out a partner? Our acquisition financing can help you do so with ease. Through this program, you can receive rapid approvals (generally with 48 hours), full amortizations and up to 89% LTV.
Are you intrigued by the many benefits our SBA loans for businesses in Seattle, WA can provide? We’d love to tell you more. Contact us during regular business hours to request your obligation-free application or to set up a complimentary consultation.