One of the biggest problems faced by small businesses, especially in their earliest stages, is sourcing capital to grow and expand. The reason for this is simple. Most investors would prefer to finance more established businesses and are not always willing to run the risk of backing a smaller brand. At Banxis Financial, we aim to provide a solution for this problem by assisting our clients with securing an SBA loan to meet operational costs and grow.
Ideal Clients for a Small Business Loan
Banxis Financial has helped to provide business loans for financial commercial, industrial and real estate properties. Our loans are provided to business owners who want to build, renovate or purchase property and businesses in a number of industries. Here are some of the property types we have worked with in the past.
Hotels and motels
Single-purpose buildings
Nonconforming properties
Child care facilities
Car repair shops
Gas stations
Financing Your Equipment
If you are renovating or developing your property, then you may need funding for the equipment. Here are some examples of machinery covered under your SBA loan.
Heavy equipment
Medical equipment
Machine tools
Laundry or dry-cleaning equipment
Printing and binding machinery
Trucking equipment
Qualifying for Small Business Loans
When assessing a small business to see if it qualifies for a loan, we take a look at the income, cash flow and management of the business accounts. In just 48 hours, you could be prequalified for a small business loan with financing up to 80 percent and loan terms at 15 years. For larger loans of up to $5 million, we offer longer payback terms at 25 years and finance your project up to 90 percent. All SBA loans provided by Banxis Financial are fully amortized with no ballooning and no prepayment penalties.
Contact Us Today
For more information about our small business loan offerings and our prequalification process, please reach out to us via email at info@banxisfinancial.com or phone at 800-260-7874. We look forward to speaking with you, soon!
