Client Testimonial

“Macrolease was so helpful when we decided to upgrade our fitness center. It was a sizeable project but Debbie Lange and her team structured a financing plan which made sense to our Board and finance staff. The lease covered all project costs and the payments are very affordable. We’ve teamed up with Macrolease for many years now and they have always provided a competitive and attractive product. Our new fitness center is a home run and we thank Macrolease and Debbie for helping to make it happen”.

- George Loft

Rick Lewis & George Loft
Executive Director & Director of Fitness & Recreation
Mid-Island Y JCC

SBA Loans

If you are an existing franchisee, looking to start a new business from the ground up or just looking to do some renovations to your space, Macrolease is able to offer a complete financing solution.  In conjunction with a conventional Macrolease loan, we also offer multiple SBA programs.  Through our parent bank, Bank of Rhode Island, we are able to deliver Preferred Lender services to our Macrolease customers.  This status allows us to provide efficient turn-around times, credit decisions made in house, and a proven track record vetted directly by the SBA. 

 We are currently offering the SBA 7(a) loan, Small Advantage Loan and the SBA Express loan.  With our knowledgeable staff, we will be able to guide you to the product that will best serve your business.  Each loan has specific criteria for eligibility, below is a chart with a brief overview of each product.  Our team would be happy to speak with you to provide more detail and answer any questions you may have.    

 

 

   7(a) Loans          

   Small Loan   Advantage

      (7(a) sub-loan)

     SBA Express

 

 

 

 

  Use it for: 

  

  - Expansion, Renovation

  - New Construction 

  - Purchase land

  - Lease-hold Improvements

  - Working Capital

 

 

  - Expansion, Renovation

  - New Construction 

  - Purchase land

  - Lease-hold Improvements

  - Working Capital

  - New Start Business

  - Expansion, Renovation

  - Lease-hold Improvements

  - Working Capital

  Benefits:

 

  - Longer Maturity Term

  - Improved Cash Flow

  - Fixed Rate and Term

  - No Prepayment Penalty

 

 

  - Longer Maturity Term

  - Improved Cash Flow

  - Fixed Rate and Term

  - No Prepayment Penalty

 

  - Fast Turnaround

  - Streamlined process

  - Fixed Rate and Term

  - No Prepayment Penalty

  - SBA fees can be financed

  Amount:

  Structure:

  - Up to $350M

  - SBA guarantees up to 85%

 

  - Up to $350M

  - SBA guarantees up to 85%

  - Up to $350M

  - SBA guarantees up to 50%

  Term:

 

  - Generally 5-10 years for

working capital, machinery and

equipment. 

  - 25 years for Real Estate

 

 

  - Generally 5-10 years for working capital, machinery and equipment. 

  - 25 years for Real Estate

  - Up to 7 years for Revolving Lines of Credit. Otherwise same as 7 (a)