SBA Loans

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What are SBA loans?

SBA loans are long-term, small business loans partially guaranteed by the government. The U.S. Small Business Administration is a federal agency committed to furthering the growth and development of small businesses and partners with lenders nationwide in their loan programs.

How it works

Unlike conventional term loans, an SBA Loan offers business owners the opportunity to take advantage of favorable terms as part of the SBA program, while removing some of the barriers to traditional financing options.

As a Preferred SBA Lender, our program offers a faster loan process with reduced paperwork for businesses that have been in operation for less than two years. We customize SBA loans based on the unique needs of the business owner. The funds may be used for vehicle purchases and refinance, equipment purchases, working capital, inventory, and other general business needs.

SBA 7(a) Business Loan*

Government-backed term loan for the acquisition or expansion of a small business.

SBA 7(a) Business Loan*, Key benefits

  • Loan amounts up to $5 million
  • Terms up to 10 years for business, acquisition, equipment, or tenant improvement
  • Terms up to 7 years for working capital and inventory
  • Flexible collateral options

SBA 7(a) Business Loan*, Best for

  • Business acquisition
  • Equipment
  • Debt refinance, working capital, and inventory
  • Tenant improvement, partner buyout
  • For-profit businesses

Loan type

SBA 7(a) Real Estate Loans*

Government-backed term loans for the purchase, refinance, or construction of the commercial real estate.

 

SBA 7(a) Real Estate Loans*, Key benefits

  • Loan amounts up to $5 million
  • Additional $2 million direct funding by U.S. Bank (SBA 7(a) Pari Passu loan)
  • Terms up to 25 years
  • Fully amortized, no balloon payments

SBA 7(a) Real Estate Loans*, Best for

  • Owner-user commercial real estate purchase
  • Expansion
  • Refinance or construction
  • For-profit businesses

Loan type

SBA 504 Real Estate Loan*

Government-backed term loan for the purchase, refinance, or construction of the commercial real estate.

SBA 504 Real Estate Loan*, Key benefits

  • Loan amounts up to $12.375 million
  • U.S. Bank loan terms 25 years
  • CDC loan terms 20 years
  • Equipment loan terms 10 years

SBA 504 Real Estate Loan*, Best for

  • Owner-occupied commercial real estate purchase
  • Refinance
  • Construction
  • For-profit businesses

Programs That Will Help You Get The Loan You Want


ALT DOC / SELF EMPLOYED

  • • 12/24 Months Bank Statements

  • • 2YR 1099’s

  • • Max LTV 85%

  • • Max DTI 50%

  • • 660 Min FICO

  • • Interest Only Options

  • • Expense Factor Based on Business

JUMBO TO 90% LTV

  • • 2YR Standard Doc

  • • Max 90%LTV

  • • No MI

  • • Max DTI 43%

  • • Min Loan150k

  • • Max Loan 3mm

EXPANDED CREDIT

  • • Min FICO 640

  • • Max LTV 75%

  • • 1x30x12 and 0x60x12

  • • Derogatory Credit >=24 Months

  • • Max Loan 1.5mm

  • • Interest Only Available

FOREIGN BORROWERS

  • • 2ND Home or Investment

  • • US or Foreign Credit

  • • Max LTV 65%

  • • DSCR or Standard Doc

  • • Gift Funds Permitted

ASSET UTILIZATION

  • • Cash Out Available – 70% LTV

  • • Max 80% LTV

  • • Primary, 2nd Home, and Investment

  • • Eligible Assets Divided by 60

  • • 110% of UPB as Reserves

  • • Business Funds Eligible

  • • DTI 50%

  • • Max Loan 4mm

DSCR / Busines Purpose Loans

  • • Min FICO 680

  • • Max LTV 75%

  • • No Income

  • • No DTI Calculated

  • • DSCR <1.00

  • • Min Loan 100k

  • • Max Loan 3mm

  • • Stabilize DSCR with IO Payment

LOAN TERMS

  • 5/1 and 7/1 ARM

  • 5/1 and 7/1 IO – 40YR Term

  • 15 and 30YR Fixed

PROPERTY TYPES

  • SFR

    • Attached and Detached 2-4 Units
  • Condo’s

    • Warrantable and Non-Warrantable
  • Condotel’s

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