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Home > SBA 7a Loan, SBA Commercial Loans
SBA 7a Loans, SBA Commercial Loans
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Its worthwhile to note that
almost every deal we close,
has been declined by at
least 5 other SBA banks.
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Closing of an SBA Loan
Howell, Michigan
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7a Loan Closing, Refinance
Office Building, Dallas Tx
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2009, New Build, Closed
SBA 7a, Buford, GA
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We are experts at this program and are still closing SBA 7a loans.
This segment of the business is still viable. If you are considering refinancing your building or purchasing a new one, the SBA 7a loan is one of the most reliable programs in the industry and we urge you to fill out the preapproval form now (Note our minimum loan is now $400,000). The benefits of the SBA commercial loans for business owners are numerous. 90% financing on purchases AND 85% financing on refinances are a few of the.
Another is that this loan has some of the most flexible underwriting guidelines available. For example, Debt Coverage Ratio's of 1:1 are allowed. Most commercial mortgages, in contrast, require a miniumum debt coverage ratio's of a 1.35. So with a 7a loan, your business can have lower cash flow and still get your loan closed. Credit scores as low as 650 are acceptable as well.
The use of the loan proceeds are another major benefit of the program. Borrowers can use the loan to rehab or do ground up construction, refinance existing debt (which often results in drastically improved cash flow) buy equipment and roll in working capital. All within the same loan...
Rate is normally Prime + 2.% – 2.75%. This is with the highest level of financing in the business at 90% loan to value on purchases AND up to 85% loan to value on refinances. Again, refinances are acceptable through the SBA 7a program, despite what you might have heard.
SBA 7a Loans - Details:
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CURRENTLY NO SBA GUARANTEE FEE
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Can use program to refinance existing debt
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Rates as low as 5.25%
- 25 year amortization schedule
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$400,000 - $2,000,000 loan amounts
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Up to 90% loan to value, cash out or rate and term refinance...
Take advantage now of this unique SBA 7a loan program designed for business owners. Get preapproved on your SBA commercial loan now by filling out our commercial loan application (takes less than 5 minutes to fill out).
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