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Small Business Administration
Conner Affiliates is your preferred choice to deal with lending with the Small Business Administration. Our experienced staff makes sure your transaction goes smoothly from application to closing, assisting the business owner or potential business owner from start to finish. We are committed to the small business community, in all areas, providing superior service and solutions.
SBA Small Business Financing Programs
Existing Businesses
- Typically require 10% equity into the project but could be more depending on financial strength and experience of the borrower
- Ability to fund under-collateralized requests with demonstrated historical cash flow
- Use of proceeds includes expansions, purchase of a building, equipment and working capital
- 100% financing possible on most requests and 90% on purchase of real estate and business acquisitions
- Flexible terms can exceed most conventional guidelines
- Permanent working capital: 5-10 years
- Equipment: 7-10 years
- Commercial real estate: 20-25 years
Purchase of Existing Businesses
- Typically can finance up to 90% of project
- Ability to fund under-collateralized requests with demonstrated historical cash flow
- Third party valuation may be required
- Can be used to finance real estate, equipment, intangible assets and permanent working capital
- Terms up to 10 years, higher if purchase of real estate is part of project
Real Estate Acquisition
- Typically can finance up to 90% of project
- Terms up to 25 years
- Operating company of the borrower must occupy 51% of an existing building and 67% of new construction
Start-Ups
- Generally requires a minimum of 20% equity injection
- Can be used to finance real estate, equipment, intangible assets and permanent working capital
- Demonstrated management experience required
- Flexible terms up to 10 years or higher if purchase of real estate is part of project
7(A) Loan Program
Preferred Loans: Approved in-house. Can finance up to 90% of real estate purchase, 80% of start-ups and up to 100% of equipment and working capital for existing businesses. Loan amount up to $2.0 million.
Express Loan Program
Approved in-house. Standard bank loans with 50% guarantee. Can be used for lines of credit and term loans up to $350,000.
504 Loan Program
Used for building or equipment purchase only. Financing typically consists of 50% direct bank loan, 40% SBA debenture and 10% equity. Long-term fixed rate on SBA portion typically below normal market rates. Standard bank fees plus SBA fees apply. Equipment loan terms: 10 years. Real estate loan terms: 20 years. Preliminary approvals done through a local certified development company with final approval from SBA. Substantial prepayment penalties apply to the SBI loan.
What Makes Us the Best Source for SBA Loans?
- We have over 20 years combined experience with SBA procedures and protocols. We quickly identify which SBA program is appropriate for our customer.
- Preferred status illustrates our ability to work closely with the lenders. Our dedicated staff makes sure the entire process goes smoothly from start to finish.
- Conner Affiliates is a local firm dedicated to helping the small business owner with all their financial and business needs.
Conner Affiliates, Inc.
Small Business Consulting
Commercial, Investment & Small Business Lending Experts
130 West Lancaster Ave.
Shillington, PA 19607
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Phone (610) 796-3130
E-Mail loans@conneraffiliates.com
Hablamos Español
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