Small Business Administration Loans
Get StartedSBA Loans
The Small Business Administration Loan Program at ICA is an excellent source of financing for most businesses. ICA has been designated as a “Preferred Financial Service” company by Preferred SBA lenders to have loans processed more quickly and efficiently. This designation means that the SBA has delegated the approval process to our lenders, which means fast and efficient processing of your SBA loan.
Small Commercial/Industrial Real Estate Financing
Purchase – Build – Refinance – Renovate
Existing Small Business Acquisition Loans
Your company’s cash flow & management capabilities are our primary indicators
SBA Disaster Loan Programs
We are actively involved in helping businesses across the United States in dealing with the ever-changing financial climate brought on by the COVID-19 Pandemic. Businesses are utilizing our advisory services to understand the different solutions available to fit each company’s needs from comparing the various alternative sources of capital provided through the SBA Cares Act.
In Need of a SBA Loan?
Call 800-975-1691 or fill out this form.
Small Commercial Equipment Financing
Small Business Loans Up To $5 Million
Success Story - Liquor Store Purchase
7(a) Loan Program
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:
Use of Proceeds Real-estate acquisition, construction, or refinance – up to 90% financing available
Small 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.
Business Loan Amounts Loan amounts range from $200,000 to $5,000,000
504 Loan Program
Use of Proceeds Real-estate acquisition, construction, or refinance – up to 90% financing available
Equipment Acquisition – up to 80% financing available
Loan Structures – Financing available on projects up to $12,000,000.
The SBA, through a Community Development Company (CDC) provides up to 40% loan-to-value in a second lien position. This loan can range from $100,000 to $5,000,000.
Terms and Interest Rates First Mortgage – up to 25-year term for real-estate loan and up to 15-year term for equipment purchase with fixed and variable interest rates available.
Second Mortgage – up to 20-year term for real-estate and up to 15-year term for equipment purchase. Fixed rate is determined at SBA guaranteed 504 debenture sale.
Fees First Mortgage – fees are always market competitive.
Fees Second Mortgage – 2.75% + legal review fee. This fee is financed in the loan. Fees also include customary closing costs, construction loan fees (if applicable), and bridge fees.
Eligible Properties
Almost any type of for-profit business is eligible for financing. Commercial real-estate must be partially occupied by the borrower.
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