Small Business Loans Up to $5M

Capital is the lifeblood of your business and having access to it can mean everything. It is the difference between growing and stagnating, being pro-active instead of passive, succeeding instead of failing. It is the essential element in maximizing your opportunities and your profits.

At Globelend we understand your need for money. More importantly, we understand the urgency that comes with the need, especially for small and medium sized businesses. Our goal is to make sure you can access the cash you need when you need it. We provide quick approvals and even same day funding in some cases.

Capital is the lifeblood of your business and having access to it can mean everything. It is the difference between growing and stagnating, being pro-active instead of passive, succeeding instead of failing. It is the essential element in maximizing your opportunities and your profits.

At Globelend we understand your need for money. More importantly, we understand the urgency that comes with the need, especially for small and medium sized businesses. Our goal is to make sure you can access the cash you need when you need it. We provide quick approvals and even same day funding in some cases.

We have programs such that will enable you to deal with any challenge and take advantage of every opportunity. Globelend provides a direct path to short term loans, term loans, SBA Loans, Equipment financing and revenue based financing. We fund $5 to $10 million a month and beat our competition 9 times out of 10.

Our ability to provide an adaptable solution for every stage of your business is the advantage you can leverage whether it’s the first round of funding, a plateau, or future expansion. We stand beside you now and for the long term, building your portfolio to give you more leverage and options for bigger loans and better terms as your success continues.

SBA Loan Requirements
Most small businesses fall within a wide range of industries eligible for an SBA 7(a) loan. Instead of enumerating a long list of approved businesses under the Small Business Administration, listed below are excluded or ineligible businesses:

Debt Refinancing / Working Capital
$30,000 – $5 million

SBA 7 (a) for Debt Refinancing and Working Capital, between $30,000 to $5,000,000 million, and you don’t have to be profitable on your tax returns
Loans of this size may be drafted for working capital (such as marketing, operational expenses, hiring, etc.), refinancing current business debt nor secured by real estate (such as equipment leases, cash advances, and business loans), and new equipment purchases.

Commercial Real Estate
$500,000 – $5 million

SBA 504 (b) for Commercial Real Estate, between $500,000 to $5 million
Loans of this size can be used to refinance or purchase commercial real estate where the owner occupies at least 51% of the entire property.

If your business falls under one of the eligible industries covered, your next move should be geared towards meeting the following criteria to qualify for an SBA loan.

Enumerated below are the criteria required for eligibility to apply for a $30,000 to $5 million SBA 7(a) Debt Refinance or Working Capital Loan from applicable banks working Globelend Capital:

The business must be older than 2 years old
The owner of the business must have a credit score of at least 650
The business owner must be a lawful citizen of the U.S or must possess a valid Permanent Residency and must not be younger than 21 years old
No pending tax issues
No foreclosures or bankruptcies in the previous 3 years
No recent settlements or charge-offs
Not currently financed by a government-related loan
Listed below are the criteria required for eligibility to apply for a $500,000 to $5 million SBA 7(a) Commercial Real Estate Loan from Globelend Capital:

The business must be older than 2 years old
The owner of the business must have a credit score of at least 675
The business must be sited on real estate that is primarily occupied by the business. For instance, more than 51% of the square footage of the property must be used to cite and run the business
Adequate personal and business cash flow to fulfill all debt repayments – evidence of this claim must be backed by interim financial data and 3 years of tax returns
Generally, SBA loan-approved businesses that are submitted by Globelend Capital often make anywhere between $50,000 and $5 million in profit annually and have an employee workforce numbering between 1 and 40. Most of these businesses have healthy financial report, are profitable and have positive cash flow. Similarly, they are all capable of fulfilling their monthly loan repayments.

Not eligible for an SBA loan?
If you do not currently meet the criteria for eligibility for an SBA loan, then consider the following loan products: Term Loans, Line of Credit, or Working Capital Loans.

Interested in finding out if you are eligible for an SBA loan before your application? Globelend Capital is your go-to funding specialist to help you unravel how banks set criteria for eligibility and what you can do to secure an SBA loan for your business.