Funding Options
Whether you’re a startup or an established business owner, we know business loans are an important tool for your business. We can help.
The only thing standing between small business owners and success is often capital. By applying, we can find the right product to help you meet your business and financial needs. We know applying for a loan is an important decision, our team will be there to help you package and understand your funding options while you’re applying with us. Our goal is to make sure we provide capital that meets goals and budget.
Loan Options
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How It Works
Prepare and Gather
Know your business goals and needs. Then, gather and review your financials and credit history. Be prepared to share this information during the application process.
Apply and Submit
Review the list of information you need to apply through LiftFund and make sure you have all necessary documentation. Then, apply and submit all of your documents.
Your Decision
We’ll assess your application and documents to make a decision.
Prepare and Gather
Know your business goals and needs. Then, gather and review your financials and credit history. Be prepared to share this information during the application process.
Apply and Submit
Review the list of information you need to apply through LiftFund and make sure you have all necessary documentation. Then, apply and submit all of your documents.
Your Decision
We’ll assess your application and documents to make a decision.
Small Business Loans
You’re ready to grow and strengthen your business with a loan.
Apply now and a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. We provide loans for:
- Commercial Real Estate Purchases
- Equipment
- Inventory
- Leasehold Improvements
- Supplies
- Vehicles
- Working Capital
Whether you have limited credit, collateral or experience, our team will work with you to provide a loan that allows you to build your credit and improve your finances.
LiftFund offers small business loans to entrepreneurs located in the following states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Missouri, Mississippi, New York, New Mexico, Oklahoma, South Carolina, Tennessee, and Texas.
Micro and Small Business Loans
If you’ve been unable to obtain small business financing through traditional means, LiftFund is here to help.
The only thing standing between small business owners and success is often a lack of capital. With little/poor credit or financial history, getting a loan seems impossible. But when other lenders are telling you “no”, LiftFund wants to say “yes”. We can help you get the funding you need, even if you’ve been turned down before.
We provide loans for:
- Working Capital
- Equipment
- Supplies & inventory
- Vehicles
We know that applying for a loan can be daunting, but we’re more than just a lender — we’re here to guide you through the process so you can apply with confidence, as well as guide you to understand how to best use your funding.
Click the Apply Now button to the right to apply for a small business loan.
Helpful tools and resources
Success Stories
Special Programs
We’re here to help you strengthen your business.
Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates.
Learn more about our special funding options and apply today!
Loan Programs
SMALL BUSINESS GRANT PROGRAMS
Success Stories
Special Programs
We’re here to help you strengthen your business.
Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates.
Learn more about our special funding options and apply today!
Small business grant programs
SBA 7a Community Advantage
Finding traditional business loans isn’t easy. That’s especially true if you’re a startup, in a risky business industry or both.
You need capital that can support you — a loan that can help you grow your business so you can prove your success and qualify for a bank loan. If this describes you, the SBA 7A Community Advantage loan program may be the right fit. We’re a partner with SBA and the program funds startups and existing businesses, startup costs, operating expenses, business acquisition, refinancing business debt, tenant improvements, working capital, equipment purchases and more.
Terms: 7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street)
- Available for start-up and existing businesses;
- SBA guarantee allows us to provide financing;
- Complimentary consultation;
- No prepayment penalties;
- Cash flow must be sufficient for payments;
- Owner Injection: 20% startups, 20% business acquisitions;
- Projections reviewed for businesses affected by COVID19;
LiftFund offers the Community Advantage loan to small businesses located in the following states: Alabama, Arkansas, California, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, New York, Oklahoma, South Carolina, Tennessee, and Texas.
SBA 7(a) Community Advantage Loans
If your business is in a low- to moderate-income community that LiftFund serves, you may qualify for a special SBA loan.
The SBA created the Community Advantage program to reach underserved communities where business owners may struggle to obtain financing through traditional means. Qualified businesses can obtain term loans (credit lines are not available) from $50,000 to $250,000 with interest rates of Prime + 4 to 6%. To be eligible, you must meet the following criteria:
- Small business as defined by the SBA
- In operation for fewer than 2 years
- Physically located in a Low-to-Moderate Income (LMI) community as defined by the CRA
- Located in a HUBZone
- Located in an Empowerment Zone or Enterprise Community
Businesses that don’t meet the above criteria, but fulfill certain other guidelines, may also qualify:
- More than 50% of workforce is low-income, or resides in LMI census tracts
- 51% or more owned by veterans, active duty military participating in the military’s Transition Assistance Program (TAP), reservist or National Guard member or a spouse of any of these groups
- 51% or more owned by a widowed spouse of a service member who died while in service, or a widowed spouse of a veteran who died of a service-connected disability
Apply Now for an SBA 7(a) Community Advantage loan.
Helpful tools and resources
Success Stories
SBA 504 Loans
LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses.
The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. Businesses use these loans to finance fixed asset acquisitions such as:
- Purchases of existing buildings
- Land purchases and improvements
- New facility construction
- Existing facility modernizations,
- renovations, and conversions
- Long-term machinery purchases
- Some furniture and fixtures
Businesses in operation for 2 or more years can also use 504 loans to refinance existing debt that meets the following criteria:
- A non-federal loan
- Outstanding for 2 or more years
- Current on all payments for the last 12 months
- It was used originally (85% or more) to finance eligible 504 uses (see above)
The graph to the right shows how LiftFund partners with a participating lender (typically a bank) to finance part of the project. Most projects require a 50-40-10 split. However, businesses and/or projects considered “special purpose” require an additional 10% from the owner.
As a Certified Development Company (CDC), LiftFund administers the SBA’s 504 loan program in Texas.
SBA 504 Loans
debenture:
debenture:
LiftFund can help small business owners acquire real estate and equipment they need to grow their businesses.
The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. As a Certified Development Company (CDC), LiftFund administers the SBA’s 504 loan program in Texas. Businesses use these loans to finance fixed asset acquisitions such as:
- Purchases of existing buildings
- Land purchases and improvements
- New facility construction
- Existing facility modernizations,
- renovations, and conversions
- Long-term machinery purchases
- Some furniture and fixtures
Some furniture and fixtures
Businesses in operation for 2 or more years can also use 504 loans to refinance existing debt that meets the following criteria:
- A non-federal loan
- Outstanding for 2 or more years
- Current on all payments for the last 12 months
- It was used originally (85% or more) to finance eligible 504 uses (see above)
The graph to the right shows how LiftFund partners with a participating lender (typically a bank) to finance part of the project. Most projects require a 50-40-10 split. However, businesses and/or projects considered “special purpose” require an additional 5% from the owner.
Apply Now for an SBA 504 loan.
Helpful tools and resources
Recent Projects
- Houston, Texas
Restaurant
Bank: $1,329,500
SBA: $930,650
Borrower: $398,850
Total: $2,659,000
504 Terms: 3.261% for 25 years
- San Antonio, Texas
Day Care
Bank: $2,030,800
SBA: $2,030,800
Borrower: $405,640
Total: $4,056,400
504 Terms: 3.032% for 25 years
- McAllen, Texas
Dental Office
Bank: $2,195,400
SBA: $1,756,320
Borrower: $439,089
Total: $4,390,800
504 Terms: 2.817% for 25 years
