LiftFund provides affordable loans and education to small businesses and entrepreneurs who do not have access to credit from commercial sources.

In response to the economic impact the pandemic has had on small businesses, LiftFund has partnered with various organizations to offer economic relief funding to local entrepreneurs.

Please click here to see available programs.

Free

The SBA created the 504 loan program to help entrepreneurs finance commercial real estate and equipment for their businesses. Businesses use these loans to finance fixed asset acquisitions such as:

• Purchases of existing buildings
• Land purchases and improvements
• New facility construction
• Existing facility modernizations,
  renovations, and conversions
• Long-term machinery purchases
• Some furniture and fixtures

Businesses in operation for 2 or more years can also use 504 loans to refinance existing debt that meets the following criteria:

• A non-federal loan
• Outstanding for 2 or more years
• Current on all payments for the last 12 months
• It was used originally (85% or more) to finance eligible 504 uses (see above)

The graph to the right shows how LiftFund partners with a participating lender (typically a bank) to finance part of the project. Most projects require a 50-40-10 (Bank Loan-SBA/CDC-Owner) split. However, businesses and/or projects considered “special purpose” require an additional 10% from the owner.

Finding traditional business loans isn’t easy. That’s especially true if you’re a startup, in a risky business industry or both. 

You need capital that can support you — a loan that can help you grow your business so you can prove your success and qualify for a bank loan. If this describes you, the SBA 7A Community Advantage loan program may be the right fit. We’re a partner with SBA and the program funds startups and existing businesses, startup costs, operating expenses, business acquisition, refinancing business debt, tenant improvements, working capital, equipment purchases and more.

Click here to apply for SBA 7A Community Advantage loan.

Terms:  7-10 year term; 25 year term for real estate; Prime + (2.75% to 6%); Variable rate (based on Wall Street)

• Available for start-up and existing businesses;
• SBA guarantee allows us to provide financing;
• Complimentary consultation;
• No prepayment penalties;
• Cash flow must be sufficient for payments;
• Owner Injection: 20% startups, 20% business acquisitions;
• Projections reviewed for businesses affected by COVID19;

LiftFund offers the Community Advantage loan to small businesses located in the following states: Alabama, Arkansas, California, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, New York, Oklahoma, South Carolina, Tennessee, and Texas

When you apply for a small business loan through LiftFund, a team member will review your information and documents to find a LiftFund product that fits your business goals and budget. We provide loans for:

• Commercial Real Estate Purchases
• Equipment
• Inventory
• Leasehold Improvements
• Supplies
• Vehicles
• Working Capital

Whether you have limited credit, collateral, or experience, our team will work with you to provide a loan that allows you to build your credit and improve your finances. 

Click here and answer a few questions to find out if you're ready to apply for a loan.

Click here to apply for a loan.

We’re here to help you strengthen your business.

Our special programs, in collaboration with our generous partners, are designed to provide you access to flexible funding and special rates.

Click here to learn more about our special funding options and apply today!