Financial Resources named the #1 Small Business Administration New Jersey credit union lender in 2013, 2014, 2015, and 2016!
SBA (Small Business Administration) Loans
Financial Resources is a preferred lender with the Small Business Administration (SBA), allowing for expedited processing and approval of loan requests. Financial Resources is proud to partner with the SBA on small business loans where we are able to offer business owners many different types of loan programs to fit every need.
The SBA guaranteed loan programs allow Financial Resources to provide financing when collateral may not meet conventional lending standards. Flexible payment options and longer terms than traditional loans can be provided under the SBA 7(a) program.
Traditional 7(a) commitments can be offered up to $5,000,000.00
Express Loans from the SBA are for loans up to $350,000. It is ideal for businesses that may not meet traditional lending requirements. Flexible payment options and longer terms than traditional loans can be provided under SBA Express. Funds may be used for working capital, equipment, inventory, expansion, or real estate purchases.
The 504 loan program provides growing small businesses with long-term financing to acquire, construct, or expand their business location or purchase machinery and equipment. The 504 program allows a borrower to contribute as little as 10% in equity. These small business loans usually have preferential long-terms interest rates.
Or call us at 908.253.6456 or 908.429.6501