he financial challenges of running a small business are many. Far too many entrepreneurs see these challenges ruin their dreams of turning their ideas into profitable businesses. Monetary struggles are an unavoidable part of starting a business; it’s your ability to deal with them that will determine your success over the long-term. While others in your position may have failed, it may be simply because they weren’t aware of the financial resources that we here at NJ Broker Plus can make available to you.
We hold the distinction of being an SBA Preferred Financial Services company. That means that we work directly with lenders who’ve been given the authority to approve government-sponsored small business loans. With this federal financial assistance, you can get the funds that you need to secure a bigger location for your business, buy new business equipment, consolidate your debt into one monthly payment, or buy into an existing business.
The SBA loan program offers two types of loans: 7(a) and 504. Both share some of the same qualifying criteria, and both offer market-competitive rates. The unique details of these two programs are: