MIAMI, Sept. 4, 2018 /PRNewswire-PRWeb/ -- GoKapital, a leading provider of alternative business lending and real estate financing nationwide, has announced today that they are now offering two of the Small Business Administration's most popular loan programs: the 7(a) and the CDC/504 loans.
By incorporating these government-insured loans into their portfolio of funding programs, GoKapital aims to continue helping business owners access competitive financing. Loans that are backed by the SBA are often sought due to their low interest rates and long repayment terms. These funds are commonly used for refinancing existing commercial debt, purchasing inventory or equipment, acquiring additional working capital, or for the purchase of commercial real estate.
Although the demand for SBA loans is steadily increasing, traditional banks are only approving about a quarter of small business loan applicants. GoKapital's expertise in structuring financial transactions and established network of various funding source has resulted in an approval rate of over 90% for applicants. By working with a financial services company that specializes in SBA lending, borrowers will save time, obtain competitive terms, and ultimately increase the chances of receiving an approval.
Highlights of the SBA Loan Programs:
SBA 7(a) Loan Details:
- Funding up to $5,000,000
- Low interest rates starting at 6.5%
- Terms from 5 to 25 years
- Ideal for general working capital
SBA CDC/504 Loan Details:
- Funding up to $20,000,000
- Low interest rates starting at 5%
- Terms from 10 to 20 years
- Ideal for purchasing heavy machinery/equipment or commercial real estate
For more information on GoKapital's SBA 7(a) and CDC/504 loan programs visit http://www.GoKapital.com/sba-loans today.
About GoKapital
Founded in 2013, GoKapital is a private lender that offers a variety of business loan products nationwide, including, equipment financing, commercial mortgages, credit for women-owned businesses and Hispanic entrepreneurs, and now, SBA loans. With approvals typically issued within 24 hours, and an easy-to-use online lending platform, GoKapital can help you qualify for the loan you need. The company has an A+ rating with the Better Business Bureau, hundreds of active referral partners, and thousands of satisfied customers.
For more information, press only:
Oliver Moreno
Telephone: 866-257-2973
Email: info(at)gokapital.com
SOURCE GoKapital, Inc.
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