Individual businesses have different financial needs, and the SBA has numerous types of
financing available to service these needs. Centinel specializes in most types of
SBA loans. These various loan types are summarized below:7(a) Loans
(Regular Term Loans)
Due to its flexibility, this is the most widely used of the SBA loan programs. It
provides permanent financing for virtually any business purpose including real estate
purchases, construction, equipment purchases, business acquisitions and working capital.
Loan amounts of up to $2,000,000 with terms of up to 25 years are available.
504 Loans
(Fixed Asset Purchases)
This program is designed for fixed asset purchases for real estate and equipment.
The primary advantage of 504 financing is that loan amounts of up to $5,000,000 are
available with terms of up to 20 years.
CapLines
(Lines of Credit)
This program provides working capital lines of credit. Financing can be used for
normal fluctuations in business cash flows, seasonal needs, specific contract financing
and builder lines. Loan amounts of up to $2,000,000 with terms of up to 5 years are
available.
Export Financing
(EWCP
and International Trade Loans)
This program provides working capital lines of credit where the finished product will be
exported. Financing can be for inventory purchases and working capital needed to
produce the export product or to finance the facilities and equipment used to manufacture
the product. Loan amounts of up to $2,000,000 with terms of up to 25 years are
available.
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