Client Testimonial

"The YMCA of Central Massachusetts has been working with Macrolease for many years to finance our wellness equipment acquisitions. We have found the process helpful from a budgeting point of view and seamless from an operations point of view. From my perspective it is a true win-win partnership".

Michael E. Strand
Vice President of Administration/CFO
YMCA of Central Mass.

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)