Conventional or Traditional Loans

Many business owners choose to finance their business with SBA loans or similar programs. But other business owners are in a position to choose conventional/traditional funding types. We can help with those, too!

Conventional loans are a viable source of capital for companies in need of additional funding. These loan options differ from the programs provided by the U.S. Small Business Administration (SBA), which are made by banks and non-bank lenders and guaranteed by the federal government. Conventional or traditional loans can be used in different ways. At Active Business Loans, we primarily focus on business acquisition, working capital, real estate transactions, construction, and refinancing.

We work with many different businesses in a variety of industries, like:

  • Hotels and hospitality
  • Churches
  • Gas stations and convenience stores
  • Commercial real estate

Which Loan Type Should I Choose?

There are several factors to consider when choosing your business financing. Active Business Loans can help you decide if conventional financing is appropriate in your situation or if you should think about SBA loans. Here are some of the questions we’ll ask you:

  • How much do you need?
  • How much time do you have?
  • What kind of collateral can you offer?
  • How much collateral can you put up?
  • What’s your credit score?

Characteristics of a Conventional Loan

After working alongside you and learning about your business and its needs, the Active Business Loans team will make a recommendation on the best type of funding for your situation. If we suggest a conventional loan, here are some of the things you can expect:

  • Credit Score from 600 on up
  • Up to 65% LTV (loan-to-value)
  • 20% and above for owner-occupancy
  • Up to $5 million
  • Cash-outs are available
  • Deals start at $300,000
  • Long-term financing

At Active Business Loans, are goal is to connect you with the financing that best fits your needs. We’re not out to play games or waste anyone’s time. We’re upfront, honest, and our goal is to help you achieve your business goals.