SBA 7A

Apply Online: SBA 7A.pdf

Borrower Benefits:

• Higher returns on investments due to reduced monthly payments
• No balloons or renewal fees
• Ability to expand or improve your existing business
• Low down payment
• 10% on multi-purpose real estate acquisitions
• 15% on single-purpose real estate acquisitions

Terms:

• Rates are based on a spread over the Prime Lending Rate
• SBA Guarantee Fee is paid directly to US Small Business Administration and is based on loan size
• Other Customary fees also apply
• All 7A loans are fully amortized and are assumable
• Majority of space must be Owner-Occupied

Real Estate:

• Up to 100% LTV
• Up to 25 year term
• Prepayment penalty for initial 3 years only

Business Acquisition:

• Up to 90% LTV
• Up to 10 year term
• No prepayment penalty

Refinance:

• Up to 100% LTV
• Up to 25 year terms
• Prepayment applicable for initial 3 years, on loan terms greater than 15 years

 

Financing available for most industries including:

• Hotel
• Motel
• Gas Station
• Convenience Store
• Restaurant
• Child Care

Use of Proceeds:

• Purchase, Refinance, Construction, or Renovation
• Business Acquisition, Franchise, or Professional Practice
• Start-Up
• Machinery or Equipment
• Working Capital, Goodwill, or Franchise costs