Small Business Administration Loans (SBA)

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

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.

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.