SBA Loan
SBA 7A ProgramBusiness Acquisitions (3+ years in business):
- Up to 90% LTV@ Prime + 1.50-2.50%
for 10 years (no balloon)
Start up Business & Franchises:
- 80% LTV @ Prime + 2.25-2.75% for 10 years (no balloon)
Commercial Real Estate (Purchase & Construction) (51% Owner-Occupied):
- 85% to 90% LTV @ Prime+1.50-2.00% for 25 years (no balloon)
- 3 year pre-payment penalty (declining)
Hotels/Motels:
- 90% LTV @ Prime+1.50-2.25%
for 25 years (no balloon)
- 3 year pre-payment penalty (declining)
Business Expansion, Dental/Medical Practices, & Heavy Equipment:
- 90% to 100% LTV @ Prime+1.50-2.00% for 10 years (no balloon)
SBA 504 Program:
- (50-40-10 general purpose & 50-35-15 special use)
Commercial Real Estate:
- 90% LTV (40% from SBA and 50%
from lending bank)
- FIXED for up to 20 years,
10 year pre-payment penalty (declining)
Major/Heavy Equipment:
- Up to 100% LTV fixed for 10 years
* Minimum Credit Score 640+ (no bankruptcy for 7 years)
* No Life Insurance required for borrowers/guarantors
* We also offer the 80-10-10 Program (Seller finances 10%)
*
1.25 x’s Debt Service Coverage for at least 2 years of historical cash flow
*
Borrower/Buyer must have the 5 C’s: Cash (at least 10%), Credit (640+), Character (see Form 912 in application), Capability (related industry experience) & Collateral (if available)
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