Frequently Asked Questions

Related FAQs

Should I buy an existing business or start a brand new one?

Which lending program is best for me?

Even in this current economic environment, we are still providing solutions for both scenarios. If the start-up project is under 750k we are still offering our Conventional, non-SBA loan program with minimal capital injection. If the project exceeds 750k, we will utilize our SBA 7a program. However, depending on the size of the Start-Up, it’s still easier to qualify for a loan on an existing practice generating a positive cash flow.

Even if I’ve built up a savings, do I need to contribute to the project?

In many situations, you will not have to contribute. Depending on the strength of the practice, the borrower’s creditworthiness, and the particular requirements, in many situations, USMF can still offer 100% financing. However, in some scenarios with real estate involved, you may need to contribute 5% – 10% of the total project amount.