There are a number of advantages to an SBA loan, including longer terms, no points and no balloon payments. Blue Diamond Business Loans has been designated as a Preferred Financial Services company by SBA lenders to have loans processed more quickly and efficiently than many other lenders in the financial sector. Because most for-profit businesses are eligible for an SBA-guaranteed loan, we can work with your business to obtain the funding package it requires.


SBA Loan Qualifications

  • Retail and service businesses with sales (3-year average) not exceeding $6 million to $20 million, depending on the industry
  • Wholesale businesses with employees up to 100 regardless of sales volume
  • Manufacturers with employees up to 500 depending on the industry, regardless of sales volume
  • SBA 7(A) Loan Size $150,000 to $2.0 million
  • Loan packaging fee: $750 to $2,000
  • Fee is based on loan size and is collected at the time of loan submission; the fee will be refunded if credit is declined
  • SBA guaranty fee: 1.70% to 2.60% of the loan amount
  • Loan fee can be financed in the loan

How Will You Use the Proceeds?

What can your business accomplish with an SBA loan? Our business clients routinely use these loans for:

  • Commercial real estate (purchases, construction, or refinance)
  • Leasehold improvements
  • Business expansions
  • Machinery, equipment, furniture or fixtures
  • Business acquisition
  • Working capital (offered in conjunction with some of the above)
  • Start-ups (ALL franchises, motels, restaurants gas stations and c-store)

Essential Credit Considerations

Please note the following considerations that Blue Diamond Business Loans will assess when determining your SBA loan eligibility:

  • 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


Contact one of our financial experts today to learn more about how we can help you with your capital needs.