Fund Your Small Business With a Tailored Loan

While there are many commercial loans out there, not every avenue works for small businesses. Small companies and startups have unique needs that traditional lenders can’t always meet. Fortunately, you have options Meridian offers loans that are specifically designed for small businesses. Working exclusively with SBA preferred Lender programs, we can provide  competitive financing with favorable terms to help your company grow.

How Can You Use SBA Funds?

 

One of the best things about a small business loan is the flexibility. Once the funds are dispersed, you can use them for a variety of purposes:

  • Purchasing an existing business
  • Purchasing a Franchise
  • Covering payroll
  • Purchasing inventory and equipment
  • Refinance current business debt 
  • Purchasing, renovating and constructing property 

Examples of equipment you can purchase, including the following:

  • Diagnostic equipment
  • Machine tools
  • Heavy equipment
  • Trucking equipment
  • Medical equipment
  • Printing machinery
  • Manufacturing equipment

 

What Are the Benefits?

A SBA loan through Meridian Commercial Lending can provide many benefits:

  • 25-year terms
  • 90% LTV
  • Full amortization
  • Up to $5 million 

If you’re interested in existing business acquisition, we can offer the following: 

  • No prepayment penalties
  • 15-year terms
  • No ballooning
  • 80% LTV
  • Variable and fixed rates 

We offer loans through both the 504 and 7a programs.

 

Who Can Apply?

To be eligible for a small business loan a business must have no more than 1500 employees. Call for complete details. We’re happy to work with these businesses and more: 

    • Hotels
    • Restaurants
    • Car dealerships
    • Medical facilities
    • Childcare facilities
    • Gas stations
    • Car repair shops
    • Retail Businesses
    • Manufacturing

     

    What do you need to qualify? In addition to looking at your credit history, we also check how well-managed your enterprise is by examining your cashflow.

     

    Where Can You Get Started?

    Do traditional loans not meet your needs as a small business? Then it’s time to look into SBA financing.

     

       

      Financing Options