Financing & Credit Services

Most businesses today are concerned about obtaining financing. But, many of them don’t have the knowledge and/or resources to develop a complete and comprehensive loan package. BPCD&S does. Over our years in practice, we have built strong and trusting relationships with bankers. We have learned what banks need and want from borrowers, enabling us to help many clients secure financing -- from million-dollar packages to Small Business Administration and USDA Rural Development Business Programs loans.

The SBA and USDA programs have distinct advantages. They offer loans that can be used for working capital, purchases of real estate and fixed assets, as well as to refinance debt. What’s more, the loans are fully amortized, which improves a business’s cash flow. Also, with government guarantees, banks can offer longer terms and better rates than they might normally be able to provide.

In recent years, the SBA and USDA have helped thousands of Georgia businesses succeed and grow through their five loan programs:

• The Business and Industry (B&I) Direct Loan Program provides up to $10 million to public and private entities that cannot obtain financing with commercial lending institutions.
   
• The B&I Guaranteed Loan Program  provides up to a 90-percent guarantee on loans made with commercial lenders. Under this program, borrowers can receive guaranteed loans up to $25 million.
   
• The SBA (504) Loan Program provides fixed-rate financing for capital purchases. Typically, these projects consist of senior liens with private lenders and a maximum SBA loan amount of $750,000 with up to a 20-year maturity.
   
• The SBA 7(A) Guaranty Program guarantees a maximum of 75 percent or $750,000 on a commercial loan to small businesses.
   
• The SBA Low Doc Program provides response within 36 hours on a SBA guarantee on loans for less than $150,000 with a maximum guarantee of 80 percent.

Contrary to popular belief, these government programs do not involve miles of red tape and processing time. In fact, they generally use the lending institution’s application and process the loans in an average of 45 days. However, applications for these loans must include personal financial statements, current business financial statements, one-year projections, as well as business plans.

BPCD&S can assist in the preparation of these applications with the assurance that they will be completed quickly and correctly to help expedite their approval.