We specialize in providing long term permanent financing to small businesses. Our loans, including the 7(a) Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs.
Eligible Businesses and Property Types
Almost any type of for-profit business is eligible for financing. Commercial real estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties:
|
|
|
Eligibility based on SBA size standards. Typically, retail businesses with annual sales of less than $6,000,000, manufacturing business with less than 500 employees, and service businesses with less than 100 employees. Eligible businesses include those in retail, manufacturing, and services industries.
Use of Proceeds
Real estate acquisition, construction or refinance – up to 90% financing available
Business Acquisition – up to 80% financing available
Equipment Acquisition – up to 100% financing available
Debt Refinance -up to 100% financing available
Terms
Up to 25 years for real estate financing
Up to 10 years for equipment or business acquisition financing
Up to 7 years for permanent working capital
All loans are fully amortized.
Interest Rates and Fees
Interest rates are always market competitive. Fees are generally limited to the SBA guaranty fee and customary closing costs.
Loan Amounts
Loan amounts range from $200,000 to $5,000,000
Here are some other SBA Programs
More Information about SBA Lending
