WHO IS ELIGIBLE FOR AN SBA LOAN?

JFK Business Financing is a premier national lender providing financing to small and medium sized businesses nationwide.

Unlock the Cash Tied Up in Your Receivables.

Accounts receivable financing, or Factoring, is the purchase of accounts receivable invoices at a discount.

Loan Qualifications

Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry

Wholesale businesses with employees up to 100 regardless of sales volume

Manufacturers with employees up to 500 depending on the industry, regardless of sales volume

Loan packaging fee: $750 to $2,000

Fee is based on loan size, it is collected at the time of loan submission; refunded if declined by credit

SBA guaranty fee: 1.70% to 2.60% of the loan amount

Fee can be financed in the loan

Commercial real estate (purchases, construction, or refinance)

Leasehold improvements

Business expansions

Machinery, equipment, furniture or fixtures

Business acquisition

Working capital (offered in conjunction with some of the above)

Start-ups (ALL Franchises, Motels, Restaurants Gas Stations and C-Stores)

Business must have adequate historic cash flow to cover the proposed debt

Business debt to net worth must meet industry averages

Borrowers must be actively involved in the day-to-day operation of the business

Satisfactory personal credit histories are required for all principles and guarantors

No past bankruptcies or felony arrests