Small Business Loan – SBA

Extranet Business Finance uses SBA to help business owners getting loans to expand their business. SBA can be used in addition with rollover 401(k) or other types of retirement plan for funding business start-up and to cover the down payment without getting tax penalties. The rollover up to 100% of your retirement account balance, and the minimum funding is $50,000. Business loans can be used for a wide range of purposes, such as renovating, refinancing, building, purchasing, expanding, financing equipment, and more. This financing option is an excellent way to leverage the retirement plans for funding a franchise, operational expenditures, and capital expenditures. The following are the overview of SBA Loans:

  • Business Expansion
  • Business Acquisition & Partner Buyouts
  • Franchise
  • Start-up Business
  • Real Estate Purchase, Construction, Refinance
  • Working Capital for Business & LOC
  • 10% Down Payment
  • 1 year Tax Return Documents
  • Loan Amount up to $5 millions

401(k) Business Funding

  • Use the value of retirement account(s) as cash injection a business loan
  • Minimum $50,000
  • 401(k), Traditional IRA, 403(b), SEP,  TSP,  Keogh
  • Funding within 3-4 weeks
  • Tax-Deferred Saving
  • No Penalties, No Interest
  • No Credit score, No Collateral
  • No need to cash out your retirement account(s), it’s a Rollover Funding
  • Peace of Mind, power by Employee Retirement Income Security Act, 1974

SBA 7(a) Loan

  • $75,000-$5 million
  • 20% down payment for an existing business
  • 30% down payment for s start-up business
  • Credit score 640+
  • Collateral required 
  • Industry experience
  • Secondary income
  • Low interest rates
  • No ballooning costs
  • Must have a business
  • Time to fund 2-4 months

SBA For Working Capital Financing

  • $50,000-$150,000
  • 690+ Credit Score
  • 10% down payment
  • Required business is in operation
  • prior to funding
  • No bankruptcies
  • Funding time 30-60 days
  • Mus have a business
  • Low interest rates
  • Funding time 30-60 days

SBA For Start-up

  • Required 30% Payment
  • 640+ Credit Score
  • Required Personal Collateral
  • Industry Experience 2 years Minimum
  • Required Business in Operation

SBA For Franchise Financing

Entrepreneurs view a franchise as one of the easiest ways to achieve financial security. Purchasing a franchise is never as easy as you think. Most franchise have strict qualifications that entrepreneurs must meet before they consider you for a franchise. At Extranet Business Finance, we have programs specifically designed for the purchase of your first franchise. We can assist some of the areas as follows:

  • Purchasing the franchise
  • Purchasing property for the franchise location
  • Financing the equipment for the new franchise

We offer multiple financing options that can help expedite the process. We are happy to help you get on the road to personal success. Please contact us about getting your financing application started.

  • Our lenders have numerous preferred franchises
  • NO required industry experience
  • Low Down payment

 

Thank you for doing business with us. Follow the below steps to fill out the loan application. Your information certainly helps us to get your loan approved

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