Carolina Piedmont Capital, Inc.
 
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SBA LOAN PROGRAM



Carolina Piedmont Capital is a nationally recognized company helping private practitioners achieve their business goals. We have been designated as a Preferred Financial services company by SBA lenders to have loans processed more quickly and efficiently than many others.

There are a number of advantages to a SBA loan, including longer terms, no points and no balloon payments.

Who is Eligible for a SBA Loan?

Most "for-profit" small healthcare businesses are eligible for a SBA guaranteed loan.
SBA 7(A) Loan Size $150,000 to $2.0 million

Loan Fees

  • 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

Eligible Use of 7(a) Loan Proceeds Include (Non-Exclusive)

  • The purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities
  • The purchase of equipment, machinery, furniture, fixtures, supplies, or materials
  • Long-term working capital, including the payment of accounts payable and/or the purchase of inventory
  • Short-term working capital needs, including seasonal financing, contract performance, construction financing and export production
  • Financing against existing inventory and receivables under special conditions
  • The refinancing of existing business indebtedness that is not already structured with reasonable terms and conditions
  • To purchase an existing business

Other Credits Considerations

  • Borrower must first be declined through conventional loan application procedures. (Decline letter is required)
  • 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

 

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