Small Business Financing

The majority of businesses can benefit significantly from the Small Business Loan Program that we offer at PRAXIS Financial. Since Preferred SBA lenders have designated us as a Preferred Financial Services Company, we are able to ensure that loans are processed in a manner that is exceptionally fast and efficient. This is due to the fact that the SBA has allowed for the process of approval to be delegated to our lenders, which has many benefits relating to the processing of our clients' loans.

Our Small Business Loan Program can be used for a number of applications and offer a number of benefits therein. This program includes, but is not limited to, the following types of financing:

  • Industrial or commercial real estate financing: Hotels and motels, single-purpose buildings, gas stations, repair shops, restaurants, non-conforming properties, convalescent hospitals and more
  • Existing business acquisition loans
  • Equipment financing: Heavy equipment, diagnostic equipment, laundry and dry cleaning, medical equipment, machine tools, commercial printing and binding, trucking, manufacturing equipment

Eligibility Information

We consider it a specialty of ours to be able to offer loans that provide long-term permanent financing to a wide variety of small businesses, which we are able to offer to nearly any type of for-profit business. These loans, which include 7(a) loans, are made through the use of the Small Business Administration, which is a guaranteed loan program. Commercial real estate, however, requires partial occupation by the borrower and includes a number of different types of properties:

  • Automobile repair shops
  • Bed and Breakfasts
  • Car wash facilities
  • Child care facilities
  • Franchises
  • Gas stations
  • Hotel and motels
  • Industrial buildings
  • Office buildings
  • Start-ups
  • Warehouses

While this listing includes a variety of property types, there are other types of properties that may also be eligible. The size standards for eligibility, which are according to the SBA's standards, are typically as follows:

  • Service businesses that have less than 100 employees
  • Manufacturing businesses that have less than 500 employees
  • Retail businesses with sales under $6,000,000 annually

Contact a Praxis Financial representative if you'd like to learn more.