Small Business Loans

($50,000 – $1,000,000)

What Is It?

Small Business Loans range in a variety of sizes, from large to small, and are available to fund most business needs such as working capital or fixed assets. Sometimes a business needs capital for revolving credit, or seasonal financing, or refinancing debt. Other times there is a need to buy furniture and equipment, real estate, or remodel the office to attract more customers.

A small business loan is a key component of many businesses for economic growth. The funds can help to hire additional employees or new machines to help increase production. This, in turn, helps the business grow.

woman in coffee shop

Why get a loan?

There are many reason to borrow:

  • Boost your cash flow
  • Refurbish your premises
  • Buy new equipment
  • Grow your business
  • Cover a one-off cost
  • Hire extra staff

Loans used to purchase equipment or machinery spread out the cost over time. Usually, collateral for the loan can be the piece of equipment itself, making it a reasonably easy loan providing your business has the funds to make the regular payments.

Some small businesses have cash flow issues while they are waiting for their customers to pay outstanding invoices. A small business loan can help to float the company until the invoice payment is received. This will help to retain good staff and make sure the general overhead costs are covered, allowing the production of services or products to continue.

people in small business

Perhaps you are already growing and need a bigger and better facility. A commercial mortgage loan can provide the means to buy the real estate you need, or help finance a remodel of your existing property.

Expanding your business through acquisition is another reason you might need a business loan. Whether you are buying another company or investing in a franchise, a loan can be used for opening expenses, marketing fees, franchise fees, or the purchase of the business itself.

65 Percent of all new jobs are created by small businesses and the Small Business Administration reports that nearly 75% of them need financing every year. Prestamos offers competitive loan interest rates for small business, even if you don’t have a squeaky clean credit history. We strive to support communities and businesses in an effort to drive job growth and local economic health.

To get started we have provided you with several information guidelines. If you have any question do not hesitate to contact us.




Eligibility Requirements

Loan Size
• $50,000 to $1,000,000

Years in Business

• Existing business operating for a minimum of 24 months

Loan Terms

• Up to 7 years


• Up to 20 years dependent on risk and collateral

Interest Rate

• Fixed
• Fully amortized
• Rates as low as 8.5%


• Security interest in business assets
• Equipment
• Real Estate
• Vehicles
• Other Personal Property

Minimum Injection

• 10 to 20 percent

Loan Fees

• Credit Report Fee
• Application Fee
• All third Party Fees (i.e. Appraisal, Title, Legal, Filing, etc.)
• Origination Fee


• Unlimited personal guaranty of principal owners of 20% or more ownership
• Unlimited guaranty of an affiliate business

Eligible Uses

• Inventory or supplies
• Furniture or fixtures
• Machinery or equipment
• Real estate
• Acquisition
• Refinance

Ineligible Uses

• Down payments
• Delinquent taxes

Community Impact Requirements

• Create or retain Jobs

Terms & Conditions

• No Pre-Payment Fee
• Collateral Required

*Information subject to change without notice

Loan Calculator

Change the loan amount, interest rate, and years to calculate the monthly payment. Change the monthly payment to calculate the possible loan amount. *Remember this is only an estimate.

Other Loan Types Available