Benefits of an SBA Loan
There are several benefits to taking out an SBA loan through your company, including:
- Low interest rates: SBA loans generally have lower interest rates than other types of business loans, which can save you money in the long run.
- Long repayment terms: SBA loans also have longer repayment terms than many other types of business loans, which can make your monthly payments more manageable.
- Flexible use of funds: SBA loans can be used for a wide range of business purposes, including purchasing equipment, expanding operations, and working capital.
- Stronger loan application: Because the SBA guarantees a portion of SBA loans, lenders may be more willing to approve loan applications from businesses that might not qualify for a traditional loan.
Overall, taking out an SBA loan through ACG can provide a number of financial and support benefits that can help your business grow and succeed.
Longer Terms
Longer repayment terms typically help to make your monthly payments more manageable
Low Interest Rates
Low interest allows your company to save money in the long run