SBA 7(a) Loan Program

Borrower Benefits

• Long repayment terms, reducing monthly payments
• Frees up cash flow to expand your business
• Low down payment - Up to 100% financing available
• Financing available for most industry types: Dental, Veterinary, Pharmacy, Physician - General Practice and Specialty, Chiropractor, Optometrist, etc.

Loan Amounts

$100,000 to $2.0 million 

Use of Proceeds

Real estate - purchase, construction, renovation or refinance of commercial real estate.
Majority of space must be owner-occupied. Loans up to $2.0 million
Business acquisition - business, franchise or professional practice. Loans up to $2.0 million
Machinery & equipment - purchase or refinance. Loans up to $1.5 million
Start-up - Loans up to $2.0 million

Terms

Real estate - up to 100% financing, 25 year terms, Prepayment penalty for initial 3 years, none after the end of year 3
Business acquisition - up to 100% financing, up to 10 years, No prepayment penalty
Refinance - up to 100% financing, up to 25 years, Prepayment applicable for initial 3 years on terms greater than 15 years

Fixed Rate Options Available
Rates are based on a spread over the Prime Lending Rate. Rates vary depending on the specific strengths of the transaction.

SBA Guarantee Fee is paid directly to U.S. Small Business Administration. Amount varies based on loan guarantee amount. Other customary fees also apply

All 7a loans are fully amortized and are assumable

Pre-Approval

Pre-Approval service available within 24-48 hours with no charge or obligation by providing limited information.