Small Business Administration Loans
Small Business Administration loans by Newtek Business Services, Inc., Business Solutions for PSECU business members!
Small Business Administration loans may be used to establish a new business or to assist in the operation, acquisition or expansion of an existing business.
- Open, expand or acquire a business or franchise. Start your own business, acquire 100% of an existing business or pay fees to start a franchise.
- Finance business expenses. Pay salaries and vendors, purchase inventory, advertise, finance receivables, pay bookkeeping and legal fees and/or rent office space.
- Purchase equipment. Purchase office equipment, computers, furniture, fixtures, manufacturing equipment and heavy machinery.
- Purchase or improve owner-occupied real estate. Purchase or construct buildings, make leasehold improvements, expand or renovate facilities or purchase land. If purchasing, owner must occupy at least 51% of the real estate; if constructing, owner must occupy at least 67%.
- Refinance existing business debt. Improve cash flow by reducing monthly payments.
With Newtek's Business Solutions you may enjoy some of these additional benefits:
- Loan amounts up to $2,000,000
- Competitive interest rates that vary with the Prime Rate
- Longer repayment terms
- No balloon payments
- Easy application process
Most businesses are eligible for Small Business Administration loans. Some restrictions apply. To find out more, just call PSECU Business Services at 717.234.8484 in Harrisburg or 800.237.7328 nationwide. At the menu prompt, select 6, then extension 3875 to speak to a Business Services representative who can help set you on your way to financial success!