SBA Loans

Extranet Business Finance uses SBA to help business owners get loans to expand their business. This type of loan 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 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 retirement accounts for funding business loans
  • 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
  • Quick 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 Financing

  • 30% injection requirement
  • 2 years direct industry experience
  • A secondary source of repayment or
  • A secondary collateral

SBA For Franchise Financing

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

Apply Now