SBA Financing > Loan Requirements Indigo Capital Corp. specializes in delivering financing programs sponsored and administered by the U. S. Small Business Administration (SBA). We have several years of experience in SBA financing and offer both the 7(a) and 504 program. Our lenders are "Certified and Preferred Lenders" under the SBA program, which means quick turnaround and loan funding. Throughout the years our focus has been to streamline every aspect of our SBA loan process. We make the application process as painless as possible by proactively working with the borrower and offering the highest level of assistance available. We offer pre-approvals within 4 business days and closings typically in 30 to 45 days. Rigid lending formulas have no place in our decisions. Instead, we rely on long experience and person-to-person knowledge to help our borrowers structure in structuring their loans. We can provide SBA financing in all 50 states from $100,000 to $5,000,000. We have provided SBA financing for the following business purposes: Start Up Businesses Business Acquisitions Franchise Financing Equipment Loans Working Capital Loans Inventory Financing Existing Debt Refinancing Commercial Real Estate Acquisition, Construction and Expansion Benefits of SBA Loans Less Money Down: You can leverage your personal or investment capital harder with an SBA-guaranteed loan. You can also get more done with less up-front investment. Longer Payback Terms: You can improve your cash flow with lower monthly payments. And where appropriate, you can fix a better match between loan terms and the longer-term rates of depreciation for capitalized equipment or real estate. Lower Interest Rates: Because the SBA absorbs a significant percentage of the lending bank's loan risk, the bank can lend at a lower interest rate. Paying less loan-service overhead not only improves you cash flow, but the savings go straight to your bottom line. No Balloon Payment Required: You can establish terms that minimize your monthly payment without attaching a large pay out at the end of the loan. That also protects you from having to reapply for a renewal of the loan maturity and incur new application and closing costs. Easier Credit Available: The SBA simply makes it easier to get the loan you want. Our Customers …. We provide SBA financing in all 50 States with loan amounts ranging from $100,000 to $5,000,000. We have helped a wide variety of small businesses, including, assisted living facilities, auto lube businesses, chiropractors, construction loans, convenience stores, day care centers, franchises, funeral homes, gas stations, hotels / motels, nursing homes, physicians, restaurants, veterinarians, women-owned businesses, and more... Qualification Guidelines Most Businesses Qualify Under SBA Guidelines: The good news is that nearly 90% of all businesses are eligible for qualification in the SBA loan program. General qualification guidelines include: Businesses must be owner-operated A for-profit business It must be organized as a sole proprietorship, corporation, or professional partnership SBA loans are available for manufacturers, retailers, seasonal businesses; general and trade construction companies; agricultural firms; and businesses that offer professional services such as doctors, dentists and veterinarians. Some businesses are considered higher risk than others. Despite that, the SBA levels the playing field for those business owners and makes it possible for them to get the funding they need to grow their business and prosper. If your business falls into higher-risk categories, the SBA lending program can make it possible for you to get the financing that might otherwise have been unavailable to you. More Funding for High-Risk Business: Owners who operate business that fall into higher-risk categories know how difficult it is to get financing. SBA financing makes those loans possible. More Funding for Start-Up Business: Good ideas and entrepreneurial spirit drive small business. The SBA recognizes the value of your business drive and qualifies you for the funding needed to start a new business venture. More Funding for Non-Conventional Assets: Since conventional loans are often backed by tangible assets, the liquidity of those assets have a significant impact on how much loan money you can ask for and receive. SBA loans recognize a broader range of assets, including non-conventional assets that would otherwise not qualify for collateralization. With SBA, you can get the funding for the parts of your business from which you know how to profit. Credit Considerations: The general qualification standards for the SBA lending are less stringent than many other types of loans. However, the same issues that would be prudently evaluated for any business loan are considered. These include that you: Have acceptable personal and business credit history Have contributed significant equity to the business Show that past earnings and/or estimated future earnings will be sufficient to pay the loan on time Pledge available business assets and, in some cases, personal assets to secure your loan SBA Loan Requirements: We evaluate the financing needs of each client individually and customize a solution based on the current and future growth needs of the business. Some typical loan requirements are: Borrowers must have experience in the line of business. Franchises are excluded from this requirement. Owner’s cash injection should be between 10–25% of the total project cost. Loan Terms can vary between 7–25 years based on collateral and purpose of the loan. Fixed and variable rate options. Personal guarantees are required of all owners with 20% or more ownership in the business. Borrower must be a US Citizen or a Green Card holder. If the business is a retail operation then the term of the lease must match or exceed the term of the SBA loan. If you are interested in learning more, please Click Here and complete the following contact information sheet. A representative will contact you shortly. If you wish to contact us directly call our corporate offices at 888–546-3446.

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