What You Need to Know About Small Business Loans

C&C Associates is approved by the Small Business Administration to offer SBA loans. Before looking at how this loan can help your business, know that we will look at your existing cash flow and how it is managed. With this information, we can offer prequalification within 48 hours. A small business loan with us typically comes with up to 80 percent financing and a 15-year term. As an added benefit, this amortized loan has no ballooning and you do not suffer prepayment penalties.

How to Use a Small Business Loan

Growing a small business often means acquiring one or more physical properties either as sales, support or manufacturing locations. We work with a variety of property acquisition types, which can be financed with an SBA loan. Some properties we have experience with are:

  • Hotels and motels
  • Car washes and repair centers
  • Veterinary practices
  • Child care locations

Equipment is also an expensive part of many small businesses and is also financeable with this kind of loan. Startups and small businesses that lease large equipment or need these items faster than their current capital allow can go through this loan process to pay for items like:

  • Manufacturing equipment
  • Medical equipment
  • Diagnostic equipment
  • Machine tools
  • Trucking equipment
  • Dry cleaning equipment
  • Printing and binding machines

What You Really Need to Know

While various qualifying factors can make your loan unique, there are a few items we always offer. C&C Associates offers loans of up to $5 million and that comes with competitive rates and flexible terms. The financing we offer can span as many as 25 years with full amortization and may cover 90 percent of your planned purchase. If you are looking for a fixed rate or a variable rate, we offer both and they come with either our 7a or 504 programs.

We look forward to hearing from you and finding out how we can help your small business thrive. Contact our office for more information about our loan programs and how to prequalify.