The Small Business Administration (“SBA”) is a United States government agency that provides support to entrepreneurs and small businesses.
The SBA was created on July 30, 1953, by President Eisenhower with the signing of the Small Business Act. The mission of the Small Business Administration is “to aid, counsel, assist and protect Interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of the nation”.
The SBA 7(a) loan program is the SBA’s primary program for providing financial assistance to small businesses by setting guidelines for loans made by its partnering lenders, such as Centerstone SBA Lending.
Centerstone SBA Lending, led by a seasoned management team, will walk you through the entire process to provide the right financing solution attentive to the unique characteristics of the small business and the owner.

SBA Loan Uses

  • Commercial real estate purchase to be owner-occupied by your business
  • Business Acquisition/Partnership Interest Buy-Out/Stock Purchase
  • Debt refinancing: convert high-interest debt into one monthly payment with an affordable rate
  • Buy inventory: Fulfill orders through bulk purchases
  • Equipment purchase: Invest in new equipment
  • Permanent working capital
  • Other uses include funding for start-up business and leasehold improvement
logo

Am I Eligible for an SBA 7(a) Loan?

Most small businesses qualify under the following conditions:

  • Business must be organized for profit
  • Business must be located and operated in the U.S.
  • Business must be owned by U.S. Citizen or Legal Permanent Resident
  • Business must identify as being “small”
    • Tangible Net Worth not in excess of $15MM;
    • Average net income after Federal income taxes for the preceding two completed fiscal years not in excess of $5MM;

Some non-eligible businesses include:

  • Non-profit organizations (For profit subsidiaries are eligible)
  • Lending institutions
  • Investment/Passive Income businesses
  • Life Insurance Companies
  • Located in a Foreign Country
  • Private Clubs
  • Default history on a federal loan
Lending Process
Qualification
Preliminary due diligence with initial application review
Proposal
If prequalification met, term sheet is issued
Underwriting
Formal due diligence & analysis performed
Decision
Approval/Decline/ Counter-offer
Closing
Closing item discussion and loan documentation execution
Funding
   Your loan is    funded!

Financing Options

Business Financing
  • Up to 10 year term
  • Eligible uses:
    • Acquisition
    • Partner Buy Out
    • Expansion
    • Working Capital
    • Inventory and Equipment Purchase
  • Industries Centerstone financed:
    • Child day care services
    • Tutoring and learning center
    • E-commerce marketplace management
    • Industrial machinery & equipment rental
    • Health & personal care
    • Restaurants
    • Textile wholesale

Apply today to see if you prequalify for an SBA 7(a) Loan!

(min. $350,000 to $5,000,000)