Orlando is a city located in the central region of the U.S. state of Florida. According to the 2019 U.S. Census estimate, Orlando has a population of 285,713, making it the 72nd-largest city in the United States, the fourth-largest city in Florida, and the state's largest inland city.

Orlando is a popular tourist destination due to the many theme parks in the area, including Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando. The city is also home to the University of Central Florida, which is the largest university campus by student enrollment in the United States.

The economy of Orlando is mainly driven by tourism, agriculture, and technology. The city's top employers include Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando. Other major industries in Orlando include agriculture, aerospace, and defense.

Orlando is a great place for small businesses. The city's pro-business environment and strong tourism industry make it a prime location for businesses in a variety of industries. There are numerous resources available to small businesses in Orlando, including the Orlando Economic Partnership and the Small Business Development Center at the University of Central Florida.

Comparing SBA Loan Types in Orlando

Our Experts

When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.

SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.

Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge.

Looking for more information about Orlando? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.

Small Business Loans Available in Orlando

There are several options for small business loans in Orlando. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.

1. SBA 7(a) Loans

The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.

2. SBA 504 Loans

The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 25 years for real estate, and interest rates are generally lower than most conventional financing options.

3. SBA Express Loans

SBA's Express Loan program are designed for speed: While loans max out at $500,000, the application turnaround time is just a few days. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.

If you are interested in applying for a small business loan in Orlando, we’ll match you with the best lender: Click here for a free quote.

Getting the Right Insurance for Your Property

If you own the property you operate out of, you'll need adequate insurance in place as part of the SBA financing process. Unfortunately, the cost of property insurance has shot up in recent years — and not just in the disaster-prone areas that may immediately come to mind.

Janover Insurance Group is happy to provide you with a free, zero-obligation quote on insuring the commercial real estate your business owns and occupies. Simply click here to get started.