Business loans can provide a number of advantages for businesses of all sizes. These benefits include:
Access to capital: Business loans can provide businesses with the capital they need to grow and expand. This can help businesses reach new markets, increase their sales, and improve their cash flow and bottom line.
Flexibility: Business loans can be structured to meet the specific needs of businesses. For example, loans can be short-term or long-term, secured or unsecured, and have fixed or variable interest rates. This flexibility allows businesses to find a loan that meets their specific needs.
Build your business credit: Repaying a business loan on time and in full can help build your business credit. This can make it easier to obtain future loans, which can help you grow your business.
Whether you are looking to buy, build or refi, Alloy Development Co. is here to help you navigate the lending landscape. These are the benefits of working with our team for your commercial real estate and equipment needs:
Small Business Administration or SBA 504 loans provide small business owners with fixed financing for major fixed assets. The SBA 504 packages two loans together, one from Alloy and one from a private lending partner, such as a commercial bank or credit union.
Alloy may be able to help refinance previously incurred conventional or government guaranteed real estate debt. The Alloy Development Co. staff is here to help determine if your project is a good fit for an SBA 504 refinance. The SBA is making changes to this program to make it more accessible to businesses. See if you qualify.
Lenders partner with Alloy to help small businesses get long-term, fixed rates with low down payment financing for their commercial real estate and equipment needs. The SBA 504 program promotes company growth and job creation while strengthening local economies by helping small businesses.
Alloy’s SBA 504 program serves cities in Ohio, Kentucky and Southeast Indiana. These loans help small businesses find solutions for commercial real estate projects. Explore our SBA 504 programs in cities such as:
Many lenders require good credit as a prerequisite for business loan approval, while others may be more flexible and willing to work with borrowers who have lower credit scores. However, borrowers with good credit will generally have more options and better loan terms available to them.
Yes, start-ups can get business loans, but the process may be more challenging than for established businesses with a proven track record of revenue and profitability. Start-ups may need to provide more detailed business plans, projections, and financial statements to demonstrate their ability to repay the loan.
Alloy Development Co. will help your business become even stronger than it already is. We have a long track record of helping small businesses get the capital they need for project costs, such as buying buildings, completing ground-up construction, and acquiring the equipment they need to prosper. We tend to help manufacturing, hospitality, and professional services businesses but are equipped to help businesses across all industries. Our team of experts are hands on and will make sure to find the right solution for your business.
Or give one of our expert loan officers a call at 513-631-8292 for more info.