SBA 7(a) STORAGE BUSINESS LOANS
Key Benefits of SBA 7(a) Loans for Storage Facilities
SBA 7(a) loans provide favorable terms and lower down payment requirements, simplifying the financing process for storage facility owners. With extended repayment periods and competitive interest rates, these loans enhance cash flow and support sustainable growth for storage businesses.
Extended Repayment Terms
SBA 7(a) loans offer flexible repayment terms: up to 10 years for working capital, equipment, and general business purposes, and up to 25 years for real estate purchases. Loans under 15 years can be repaid anytime without penalties, while those over 15 years have prepayment penalties in the first three years—5% in year one, 3% in year two, and 1% in year three. After three years, repayment is penalty-free, offering flexibility and control over your loan schedule.
Competitive Interest Rates
Leverage the competitive interest rates of SBA 7(a) loans to cut your financing costs. With a government-backed guarantee reducing our risk, we can offer more attractive rates than traditional business lenders.
Low Down Payments
The government guaranty also enables small business owners to secure financing with lower down payments compared to traditional business loans, typically up to 20% of the total project cost but in some cases as low as 0%.
Versatile Use of Funds
The SBA 7(a) loan program is widely regarded as a top choice for small businesses due to its unmatched flexibility. Unlike many traditional loans that impose strict limitations, 7(a) loans empower businesses to meet a variety of financial needs, making them versatile for nearly any business purpose or stage of growth.
What Can SBA 7(a) Do for Your Storage Facility?
Our SBA 7(a) loans empower storage facility owners to invest in areas critical to their success.
Buy a Self Storage Facility
Self storage acquisition with an SBA 7(a) loan allows you to invest in a proven, income-generating business. With flexible financing options and manageable down payments, you can secure ownership while keeping capital available for operations and future growth.
Self Storage Construction
Developing a self-storage facility from the ground up allows you to design a modern, high-demand property tailored to your market. With an SBA 7(a) loan, you can finance land acquisition, construction, and site development, often with up to one year of interest-only payments to support cash flow during the build-out phase.
Refinance High-Interest Debt
Lowering your financing costs through an SBA 7(a) loan can help improve cash flow and profitability. Refinancing existing high-interest debt allows you to secure better loan terms, freeing up capital for facility upgrades, marketing, or expansion.
Open a Second Location
Expanding to a second self-storage facility is a strategic move to grow your business and increase revenue. An SBA 7(a) loan provides the necessary funding for property acquisition, site development, and facility improvements, helping you scale efficiently.
Upgrade and Expand Your Facility
Enhancing your self-storage facility with modern security, climate-controlled units, or additional capacity can attract more tenants and increase revenue. An SBA 7(a) loan offers financing for upgrades and expansions, ensuring long-term business success.
Solutions for Every Stage of Your Storage Business
Our SBA 7(a) loans are designed to support storage facility owners throughout their careers, whether you're starting a new business, growing your units, or preparing for retirement.