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SBA Commercial Loans

SBA LOANS

This SBA loans is best used by a borrower looking to purchase or construct commercial real estate that will be at least 51% owner occupied. The remaining portion may be leased out to tenants and generate income for the property owner. This SBA loan program utilizes a first mortgage and a second mortgage that is guaranteed by the Small Business Administration (SBA). Both loans are processed simultaneously to decrease the time needed to fund the transaction.

SBA LOAN PROGRAM GUIDLINES:

  • 90% LTV for multi use, and up to 85% for special use.
  • Loan amounts as little as $250,000 and as high as $7mm.
  • Fixed rate commercial loans up to 25 years for conventional loans, and 20 years for SBA loans.
  • Debt Service Coverage Ratio (DSCR) as low as 1.00 to 1.00.
  • Multiple prepayment options to choose from.

SBA LOAN PROGRAM BENEFITS:

  • Low down payment.
  • Easy underwriting guidelines.
  • Fixed payment options.
  • Easy to qualify terms.
  • Flexible prepayment options.