Small Business SBA 7(a) Loan Financing

SBA 7(a) Loan Program Overview

Small Business Lending partners at Apple Capital Group, Inc., has been designated as a Preferred Lender, which gives us the authority to make credit decisions on behalf of the U.S. government. This enables us to process loans more quickly and efficiently than many other SBA lenders. There are a number of advantages to SBA loans, including longer terms, no points and no balloon payments. Here are the details for our Small Business SBA 7(a) Loan Financing program.

Who is eligible for an SBA guaranteed loan?

Loan qualifications:

Retail and services businesses with 3 year average of sales not exceeding $7.0 million to $35.5 million, depending on the industry
Wholesale businesses with up to 100 employees, regardless of sales volume
Manufacturers with up to 500 employees, depending on the industry, regardless of sales volume
SBA 7(a) Loan Size

Loans from $350,000:

Loan Fees
Loan packaging fee up to $1,000
SBA guaranty fee
Fee may be financed in the loan
Use of proceeds
Commercial real estate (purchases, construction or refinance)
Leasehold improvements
Business expansion
Machinery, equipment, furniture or fixtures
Business acquisitions
Partner/shareholder buy outs
Start-up (franchise, medical/professional practice)
Refinancing available on eligible commercial mortgage loan

Collateral:

First security interest in all business assets
Personal assets (including residences) may be taken as collateral
Terms
Up to 25 years for real estate purchases
Up to 25 years for business acquisitions with real estate
Up to 25 years for franchise start-ups with real estate
Down payments
As low as 10% for commercial real estate purchase
As low as 15% for business acquisitions

Small Business Financing: Micro Loans Program Overview
$500 – $100,000 loans and lines of credit for start-ups or existing businesses

Individual Business Loans

Loans from $500 to $50,000 for start-ups and up to $100,000 for
established businesses.
$250, 000 loans in San Antonio only
Qualifying businesses include existing and start-up businesses’ relevant experience and equity
Startup businesses (6 months or less) require an alternate source of income
Collateral is required to secure the loan

Credit Start Loans

Maximum loan amount of $500
Designed for entrepreneurs with no established credit who want to establish their 1st trade line on their credit report

Pronto Loans

• Unsecured loans from $500 to $5,000
• Must be an existing business with business checking account
• Good payment history required and prefer bankruptcy score over 500
• Disbursement of loan within 24 hours

Lines of Credit

• Loans from $5,000 – $50,000
• Purpose of the loan is working capital, inventory, and seasonal fluctuations
• Business must be established and operating for at least two years
• Good payment history required.

Loans to Immigrants with I-Nationwide

• Apple Capital Group will lend to individuals with businesses who have a Tax Identification Number issued by the IRS and reside United States
but who may not be U.S. citizens.
• Loan amounts from $500- $10,000

ACCION Texas-Louisiana Loan Access Program

• Program is designed to help entrepreneurs with limited or no collateral, who otherwise would qualify for an Apple Capital Group Loan
• Loans up to $50,000
• Good payment history required
• Must have capacity to repay the loan
• Customer pays a non-refundable 5% of the principal loan amount to enroll in the program. This amount serves as loan loss reserve since there is no collateral to secure the loan.

Auto Loans

• This program is open only to current Apple Capital Group customers with a minimum 6-month payment history
• We are able to refinance higher-interest auto loans with better interest and terms
• 18-wheelers and dump trucks do not qualify under this program since the vehicle is the means of business
* This program covers only vehicles used for your business

Special Purpose Products

• Texas Heroes loans (for Veterans)
• Sub-contractor loans ( Non-profit builder, University of Texas)
• Community Development Projects (San Antonio, Rio Grande Valley)
• EPA Trucker Loans (coordination with EPA and I-Bank)
• Interest Buy-down Programs (typically regional offerings with 3rd party
paying the difference between our computed interest rate and a lower
fixed rate. Buy-down interest rates to client vary from 1% – 5.5%)

Small Business Financing: SBA Certified Development Company 504 Loan Program*

• Loans from $200,000 and up, and as much as $10 million. Available to businesses with a two-year financial history
• Typical financing – Bank: 50%, Apple Capital Group /SBA: 40%, Borrower:10% equity
• Fixed rate with 100% SBA-guaranteed debenture sold to investors
• Loans must be used for fixed asset projects: purchase of land and improvements, buildings, street improvements, parking lots, construction
of new facilities, renovating existing facilities, or purchase long-term machinery and equipment.
• Available to for-profit small businesses only – retail, service, wholesale, manufacturing. See below for more information.

* Currently available in Texas only

Small Business Financing: 504 Loan Program Overview

In addition to being an Small Business Administration (SBA) “Preferred Lender, partners of Apple Capital Group – Small Business Lending, also partners with Certified Development Companies (CDC) to offer SBA 504 loans. These loans provide long-term financing to small businesses requiring financing for a commercial real estate purchase, expansion or modernization.
Who is eligible for an SBA 504 loan?

To be eligible for a CDC/504 loan, your business must be operated for profit and fall within the size standards set by the SBA. Under the 504 Program, a business qualifies as small if it does not have a tangible net worth in excess of $15 million and does not have an average net income in excess of $5 million after taxes for the preceding two years.

Use of Proceeds

Purchase, construction or renovation of owner-occupied commercial real estate
Business acquisition with commercial real estate
Franchise acquisition with commercial real estate
Refinancing may be available on eligible commercial mortgage loans
Equipment, inventory and working capital financing available with a 7(a) loan
Program Highlights
Up to $5,000,000Longer loan terms – 20 to 25 years
Up to 90% financing Fully amortizing – no balloons