SBA 7(A) Loan Overview
UPS Capital Business Credit enjoys SBA preferred lending status in the SBA's 75 districts covering all of the contiguous United States. This enables us to process loans for customers quickly. There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments.

Who is Eligible for an SBA Loan?
Most for-profit small businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesalers, retailers, service businesses, business and medical professionals, as well as franchises.

SBA 7(A) Loan Size:

• $250,000 to $2 million

Terms:

• Up to 25 years for real estate purchase
  
• Up to 10 years for business acquisition
  
• Up to 10 years for franchise start-ups

Use of Proceeds:

• Commercial real estate (purchase, construction, expansion or refinance)
  
• Debt consolidation
  
• Leasehold improvements
  
• Machinery, equipment, furniture or fixtures
  
• Business acquisitions
  
• Start-ups (franchise, professional practice)
  
• Working capital (offered in conjunction with certain other financing)

Construction Loans:
Funds can be used to cover both construction costs and certain soft costs associated with your project, including the cost of land acquisition, building construction or improvements, and fees for professional services, appraisals, title work, searches, surveys, your lender and the SBA guarantee.

Best of all, a construction loan from UPS Capital Business Credit is converted to long-term financing once the construction project is completed. This means you won't need to apply for another mortgage. Apart from the considerable convenience that this offers, you'll have just one closing and one lender.

Products are offered through UPS Capital Business Credit, a subsidiary of UPS Capital Corporation. Products may not be available in all areas. Check with your UPS Capital Business Credit representative for local availability. Credit availability is subject to approval. Products may be modified based on requirements.