Small Business Loans in Ann Arbor, MI
Grow Your Business With Our SBA Loans
ClearView Capital Solutions recognizes the important role that small business play in our economy. So does the U.S. government. That’s why it established the Small Business Administration, an entity that provides funding, resources and advice for smaller companies at any stage of growth. From critical temporal needs to expansion costs, we offer a collection of SBA loans to provide the funding you need.
Small Business Administration Loan Basics
The U.S. government has many small business loan programs. The two most popular are its 7(a) and 504 loans. Both types of loans are specialized, but they can pay for a wide range of projects and resources. The Small Business Administration’s 7(a) loans typically fund business development, which means you can use them for a few key purposes:
- Working capital
- Land and buildings
- Supplies and inventory
- Equipment and fixtures
- Refinancing debt
The Administration’s 504 loans primarily fund commercial real estate. It also provides money for fixed assets, including buying property, new construction, renovations, improvements and heavy equipment. Approved borrowers gain a few useful benefits:
- Loan terms of up to 25 years
- Loans of up to $5 million
- Full amortization
- Variable and fixed rates
- Up to 90% financing
- No penalty for early payoff
Business Acquisitions Financing
Besides 7(a) and 504 loans, we also offer financing for business acquisitions. Upon approval, you could get up to 50% financing, 15-year loan terms and full amortization. Our loans also come with no ballooning and no prepayment penalties. We approve lending requests based on each business’s management history and cash flow picture. Approvals can occur within 48 hours.
Ready To Help Your Enterprise Grow
At ClearView Capital Solutions, we offer a diverse menu of powerful and flexible business funding solutions. From SBA loans to accounts receivable financing, we have the tools to help companies at any stage position themselves for growth and success. Talk to our certified financial specialists to apply or get more information.