Fairway’s business lending group provides both conventional and government guaranteed loan programs via the US Small Business Administration (SBA) and the United States Department of Agriculture (USDA). These loan programs provide small business owners with the funding they need for refinancing / restructuring existing business debt or new funding for business growth / expansion.
Many companies believe that an SBA loan is cumbersome and bureaucratic offering terms less desirable than conventional bank loans. This is not the case. If a business owner works with a lender that specializes in these loans (such as Fairway), the process is streamlined with terms often more favorable than traditional bank financing.
Below is a summary of some of the benefits:
- Up to 90% of total project cost financing (minimizing down payment)
- Up to 25 year repayment (maximizing business cash flow)
- Full term commitments (no balloons or calls to worry about)
- Fixed and variable rate options available