SBA 7a Loans

Borrower Benefits

1. Long repayment terms, reducing monthly payments
2. Frees up cash flow to expand your business
3. Low down payment of as little as 10% on multi-purpose real estate acquisitions and as little as 15% on single-purpose real estate acquisitions
4. Financing available for most industry types including: hote/mote1, gas-station/convenience stores, restaurants and day care

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 - franchised businesses such as restaurants and hote/mote1. Loans up to $2.0 million

Terms

Real estate: up to 90% financing, up to 25 years, Prepayment penalty for initial 3 years, none after the end of year 3
Business acquisition: up to 80% 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
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-Screen

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