What Can a Small Business Loan Do for Your Business?

A small business loan is a flexible source of financing that allows you to grow your company in a variety of ways. The SBA loans offered by Painted Horse Financial are competitive with generous terms, allowing them to help small companies flourish in the competitive business industry.

Benefits of Small Business Loans

Small business loans can be used in any way. As the borrower, you determine how the funds are used so you can grow your business flexibly. Whether you choose to consolidate debt, refinance, stock inventory or obtain equipment, an SBA loan provides you with the funds you need to do so. Companies of all types, including those listed below, qualify for small business loans.

• Hotels and motels
• Gas stations
• Child-care facilities
• Veterinary practices
• Car washes
• Car dealerships

Terms for Small Business Loans

The terms for small business loans from Painted Horse Financial vary depending on whether the company is new or existing. Both types of loans feature full amortization with no ballooning. There are no pre-payment penalties for either loan, but they do qualify for different financing. New businesses can expect to receive loan amounts of up to $5 million with 25-year terms and 90% amortization. Existing businesses qualify for 15-year terms with 80% amortization. Our 7a and 504 programs have both fixed and variable rates depending upon your company’s individual needs. Regardless of whether your business is new or existing, you can use the money you receive in any way.

Contact Us Today

Investing in a small business loan is a great way to set your company up for success. Contact Painted Horse Financial today to secure an SBA loan that will allow you to grow your business in any way you deem fit. We are happy to customize a loan solution to fit your company’s needs and can get you the money you need in as little as 24 hours in most cases so get started today.