Updated
Jaken Finance Group arranges conventional bank and SBA financing for eligible businesses and specialty assets through a bank relationship. Bank-arranged requests can reach $12 million on qualified files. The lender determines the program, accepted use, amount and conditions after reviewing the business and borrower.
Start with the transaction you want to complete. An acquisition, an equipment purchase, a property refinance and a working-capital request need different analyses. Naming an eligible industry begins the discussion; it does not establish that every use or borrower qualifies.
Request a business financing review with the industry, location, purpose, amount and business history. If you are still gathering the file, use the business acquisition financing checklist first.
Match the financing to the use of funds
| Your objective | Describe in the request | What needs review |
|---|---|---|
| Buy a business or buy out a partner | Purchase price, ownership change, assets and proposed seller financing | Transferability, buyer experience, valuation, cash flow and equity |
| Refinance business debt | Current balances, payments, maturities and original uses | Eligibility of each payoff, repayment benefit and new structure |
| Expand operations | Buildout, staffing, equipment and ramp-up budget | Existing cash flow, assumptions and funds needed before new revenue arrives |
| Purchase equipment | Quotes, installation, useful life and existing liens | Equipment value, repayment period and total installed cost |
| Buy or refinance business premises | Owner use, property details and occupancy | Real estate eligibility, valuation, business repayment capacity and title |
| Fund operating needs | Receivables, payables, inventory and seasonal cash cycle | Appropriate facility, collateral, monitoring and repayment source |
These are ways to organize a request. The bank must confirm that the proposed use is acceptable under the selected product. A term loan and a revolving line also solve different cash needs. Describe how funds will return rather than requesting the largest possible balance.
Conventional bank financing and SBA financing
A conventional bank loan follows the bank’s own credit standards. An SBA loan follows the applicable SBA program rules along with lender review. Compare complete proposals on the same transaction, including amount, fees, collateral, guarantees, repayment schedule and closing conditions.
The SBA 7(a) program permits several uses, including changes of ownership, equipment, eligible debt refinancing, working capital and real estate. Its published maximum is $5 million. That is a program limit, not a statement that any particular business can borrow that amount.
The 504 program focuses on eligible fixed assets. It excludes working capital and investment in rental real estate. A 504 project can contain different financing pieces; its SBA-backed amount is not the same as total project cost. Ask the lender to show each piece separately.
The $12 million bank-arranged ceiling does not raise an SBA limit or change the limits on Jaken Finance Group’s other financing products. A larger request needs a structure the bank actually approves. Keep business price, loan amount and total project cost distinct throughout the discussion.
Industries and transaction specialties
The bank relationship supports review of the following industries and specialties. Availability still depends on the business, financing use, geography and borrower. A category name does not establish a particular rate, leverage level, startup option or property-only program.
Professional services
- Accounting and Tax
- Insurance
- Investment Advisory
- Law Firms
- Professional Services Firms
- Property Management
Healthcare and care facilities
- Behavioral Health Care
- Dental
- Healthcare
- Home Care
- Pharmacy
- Residential Assisted Living
- Senior Care
- Seniors Housing
- Veterinary
Contractors and property operations
- HVAC, Plumbing and Electrical Contractors
- Residential and Commercial Service Contractors
- Restoration, Remediation and Cleaning
- Car Wash
- RV Parks
- Self-Storage
Local businesses and franchises
- Automotive Care
- Education Services
- Fitness Centers
- Franchise Restaurants
- Franchises
- Funeral Home and Cemetery
- Hardware Store
- Pet Care Facilities
Specialty businesses
- Agriculture
- Broadband Businesses
- Government Contracting
- Managed Service Providers
- Technology, Media and Telecommunications
- Winery and Vineyard
Transaction structures
- Employee Stock Ownership Plan
- Loan Syndications
- Sponsor Finance
An employee stock ownership plan, a sponsored acquisition and a syndicated request describe transaction structures. Explain the parties, ownership, proposed debt and purpose when submitting one. A general industry inquiry cannot replace that transaction detail.
Start with the industry-specific file
Contractor businesses need a clear split between service agreements, installation work and projects still in progress. Read HVAC, plumbing and electrical business financing for a purchase illustration and the records that explain seasonal collections and owner dependence.
A dental practice needs a view of collections, staffing, provider transition, equipment and any accompanying real estate. The dental practice financing guide separates those uses and models a practice purchase with a seller note.
Accounting firms, law firms, insurance agencies and property-management businesses often need to explain the durability and transferability of customer relationships. Use the professional-services acquisition guide to prepare a revenue-retention and replacement-compensation analysis.
For property-based operations, begin with the relevant guide: RV parks and campgrounds, car washes, assisted living or self-storage. Each separates operating-business and property questions from the available financing paths.
Build sources and uses before comparing offers
Total project uses can include purchase price, closing expenses, professional reports, immediate improvements and starting working capital. Sources can include approved bank debt, permitted seller financing and documented buyer equity. The two totals must reconcile.
A hypothetical purchase might require $2,000,000 for the business, $100,000 for transaction costs and $200,000 for starting working capital. Total uses are $2,300,000. A proposed $1,600,000 bank loan and $300,000 seller note leave $400,000 for the buyer to contribute. These amounts illustrate arithmetic only; they do not describe an approved loan or equity requirement.
Available cash after closing also matters. A buyer can fund the settlement and still lack money for payroll or the next inventory order. Identify reserves and operating liquidity explicitly, and avoid counting the same working-capital allowance twice.
Show repayment capacity after the ownership change
A seller’s reported profit is a starting point. Explain owner compensation, nonrecurring items, recurring maintenance, required capital spending and any costs that change after acquisition. A buyer who must hire a manager cannot treat all of the seller’s salary as free cash for debt payments.
Debt-service coverage compares the accepted cash-flow measure with the payments included in the lender’s test. Ask which cash-flow adjustments and debts it uses. A seller note with payments adds debt service. An interest-only note can also create a future balloon even when today’s payment fits.
The FDIC’s commercial and industrial lending resources discuss business lending and cash-flow repayment. The bank’s review is specific to the proposed credit. A property-rent DSCR calculation should not be substituted for an operating-business analysis.
Questions to resolve in the written proposal
Request the approved loan amount, use of funds, equity contribution, interest basis, repayment schedule, maturity, collateral and guarantees. Ask about origination and third-party fees, prepayment terms, reporting obligations and any conditions to disbursement.
Confirm geography, minimum transaction size and required operating history for the actual program. Those are not universal promises across the industry list. If the offer has an amortization period longer than its term, identify the balloon and the balance due at maturity.
For an acquisition, ask whether seller debt is permitted, how its payments are treated and whether its documents need lender approval. Resolve ownership and purchase-document changes before relying on a tentative funding amount.
Prepare a reviewable request
The business financing inquiry asks for contact details, industry, purpose, requested amount, business history, location and whether property is included. Describe your experience, available contribution and target date in the summary. Do not send patient details, account numbers or confidential client records through the initial inquiry.
After the first review, assemble the financial and transaction records requested for the selected structure. Use the downloadable acquisition checklist to organize the package. Current information and a reconciled budget help the lender identify missing conditions before the closing calendar becomes tight.
Call (833) 264-7776 or request a bank and SBA financing review to discuss your transaction. Conventional bank and SBA options are arranged through a bank relationship. Program, industry, use, geography and borrower eligibility are reviewed for each request. SBA program limits apply separately.