Considering SBA Loans for Small Business Real Estate

A full-service financial institution based in Houston, Members Choice Credit Union is proud to offer financing backed by the U.S. Small Business Administration (SBA) for its members who own small businesses. Whether you are looking to finance your first small business or your fifth, the staff at Members Choice Credit Union will provide you with the knowledge you need as they guide you through the process of applying for your small business loan. Business Lending Manager Bruce Hurta is an expert on all things related to small business financing, and can provide advice on a variety of topics related to small business ownership.

In this video, Bruce talks about the different aspects to consider when applying for SBA financing for small business real estate. There are many instances in which small business owners can benefit from using SBA loans to purchase real estate for their small business. Buying small business real estate poses challenges for new business owners, as banks often require large down payments or extra collateral. This becomes even more difficult if you do not have a long-term relationship with a trusted bank office. With the help of an SBA loan from Members Choice Credit Union, you can keep more money in the business as you avoid the various risks associated with renewals and loan terms. If you are a first time small business owner and have not previously used third party financing for your business, SBA loans can be less intimidating and easier to qualify for. As an added benefit, small business loans also allow you to finance any legitimate business use, so the staff at MCCU can work with you to decide exactly which business expenses you want to include in your loan.

No matter what sort of business your looking to build through an SBA loan, Members Choice Credit Union can guide you through the process of procuring a small business loan. For more tips on using small business lending, be sure to check our Bruce’s blog or visit one of our locations to start the application process today!

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About Bruce Hurta

Bruce Hurta has extensive experience in Small Business Lending. He has served in a number of commercial lending and banking capacities in his career including, President of a Houston-area community bank for 6 years, managed Independence Funding Company, a non-bank start-up in 1994, where he developed his SBA lending expertise. Bruce spent 4 years in Finance as a bank examiner for the Texas Banking Department, 7 years in executive management at two community banks, and 14 years as SBA Lender. He is active in the commercial realtor and business brokerage communities, along with various business and industry organizations. Bruce Hurta is Vice President - Business Development in Houston, TX for Fidelity Bank SBA Lending nationwide. Fidelity Bank offers SBA 7(a) loans, SBA 504 loans, and USDA loans for small businesses to purchase or construct new buildings for their small business operations, to acquire a business, to expand a business or to buy out a business partner.
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