Frequently Asked Questions
An SBA loan is provided by the U.S. Small Business Administration to finance the purchase of fixed assets required by the business in order to run. These types of assets usually refer to real estate such as building and workshops, as well as equipment and machinery.
EDM Capital works with small businesses that wish to gain financing in order to take their business to the next level.
SBA loans feature lower interest rates, longer repayment terms and can offer up to $5 million in order for you to require the assets you need for your business. The SPA also offers a range of training and mentorship opportunities for business owners.
The biggest advantage of an SBA loan is that the requirements that you need to meet to qualify the loan are much more relaxed than those offered by traditional banks. Repayment terms are typically longer, so the cost of paying the loan back is easier.
EDM Capital offers access to SBA 7(a) and 504 loans for small businesses. 7(a) loans offer support for for-profit businesses in up to 90% financing for the costs of properties associated with the business. 504 loans cover 90% of financing for real estate or up to 80% financing for machinery or equipment costs.