| SBA Loan Program |
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Pacific Sun Finance is a nationally recognized company specializing in helping entrepreneurs achieve their business goals. We have been designated as a Preferred Financial Services company by SBA lenders to have loan requests processed more quickly and efficiently than others. Working with us, navigating through the maze of government and bank paperwork is made simple for you.
There are number of advantages to an SBA loan, including longer terms, no points and no balloon payments. |
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Who is Eligible for an SBA loan?
Most for-profit small businesses are eligible for an SBA government guaranteed
loan, this includes manufacturers, wholesale, retail, and service businesses as well as independent or franchised businesses. |
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| Loan Qualifications |
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Retail and service businesses with sales (3 year average) not exceeding
$6 or $20 million, depending on the industry |
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Wholesale businesses up to 100 employees regardless of sales volume |
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Manufacturers up to 500 employees (industry dependant) regardless of
sales volume |
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| SBA 7(A) Loan Size $25,000 to 20 Million |
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| Loan Fees |
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| Use of Proceeds |
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Commercial real estate (purchase, construction, or refinance) |
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Leasehold improvements |
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Business expansion |
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Machinery, equipment, furniture or fixture purchases |
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Business acquisition |
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Working capital (offered in conjunction with same of the above) |
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Start-ups (All Franchises, motels, restaurants, gas stations, and C-stores) |
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| Other Credit Considerations |
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Business must have adequate historic cash flow to cover the proposed debt |
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Business debt to net worth ratio must meet industry averages |
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Borrowers must be actively involved in the day-to-day business operation |
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Machinery, equipment, furniture or fixture purchases |
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Satisfactory personal credit histories are required for all principals/guarantors |
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No past bankruptcies or felony arrests |
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| Contact us for more information or call us @ (212)202-0840 today |
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