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Small Business Administration Financing

  

The Small Business Administration (SBA) had its start in 1953. Since then, this government agency had helped scores of people with millions of dollars in direct and guaranteed loans. The early predecessor to the program came under the Reconstruction Finance Corporation (RFC) that was spawned in the Great Depression era. You will find that this agency is truly there to help small businesses flourish and succeed. While many may feel that the SBA offers a mountain of red tape and paperwork, Vision Mortgage Company, Ltd. is dedicated to streamlining the SBA process by partnering with many SBA Certified and Preferred Lenders. These Lenders have SBA delegated underwriting and approval authority. As such, significant delays are averted. Business proformas and financial statements are reviewed quickly and efficiently. Swift lending decisions allow for short closing periods.

Vision Mortgage Company, Ltd. offers two of SBA’s most popular lending products, the SBA 7a and SBA 504 products. Lenders are typically more apt to process loans under the 7a product as they are afforded more underwriting and decision making flexibility.

Eligible Use of 7(a) Loan Proceeds Include:

  • The purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities
  • The purchase of equipment, machinery, furniture, fixtures, supplies, or materials
  • Long-term working capital, including the payment of accounts payable and/or the purchase of inventory
  • Short-term working capital needs, including seasonal financing, contract performance, construction financing and export production
  • Financing against existing inventory and receivable under special conditions
  • The refinancing of existing business indebtedness that is not already structured with reasonable terms and conditions
  • To purchase an existing business

The in contrast to the SBA 7a program, the 504 loan program requires a Bank to finance 50% of the underlying loan request. The balance, less the borrower’s investment is financed by a debenture bond that is sold by the SBA and therein allows for a long term, fixed rate option for the borrower. The SBA boast of over $50 Billion, creating over 2 million jobs as of 2/15/2012. The 504 programs requires a financial conduit knows as a Certified Development Company ( CDC). Vision Mortgage Company, Ltd. works with the top CDC in the region to provide unmatched service and results.

Eligible Use of 7(a) Loan Proceeds Include:

  • The purchase of existing buildings
  • The purchase of land and land improvements, including grading, street improvements, utilities, parking lots and landscaping
  • The construction of new facilities or modernizing, renovating or converting existing facilities
  • The purchase of long-term machinery
  • The refinancing of debt in connection with an expansion of the business through new or renovated facilities or equipment.

To find out more about the potential for SBA loans and your business, contact Armando Barbosa for a complimentary needs assessment session. Call 210-348-0077 today.

 

 


Texas Dept of Savings & Mortgage Lending Recovery Fund Notice

These materials are not from HUD or FHA and this document was not approved by the Department or Government Agency.
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Vision Mortgage Company, Ltd.
In the Lincoln Center Building at Callaghan and I.H. 10 West
7800 I.H. 10 West, Suite 112 ~ San Antonio, Texas 78230-4768 ~ U.S.A.
Office: 210.348.0077 ~ Fax: 210.348.0542 ~ Cellular: 210.823.LOAN (5626)
Residential Mortgage Loan Originator NMLS ID# 340140
Company NMLS ID# 338634

E-Mail:

abarbosa@satx.rr.com

www.visionmortgageco.com

Vision Mortgage Company is in the Lincoln Center, I-10 at Callaghan in San Antonio, Texas.

Please be advised that under FCC guidelines, Vision Mortgage Company, Ltd. does not accept unsolicited fax advertisements from any sources.


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