SBA Products

7(a) Real Estate

504 Real Estate

7(a) Start-UP

Business Acquisition

Specialty Financing

7(a) Real Estate

Size of loan

• Up to $2 million

Typical Purpose

• Purchase Real Estate
• Refinance Real Estate

Term

• Up to 25 years fully amortized

Cash Injection

• Minimum 10% down

Fee

• From 2% - 3.5%

Qualifying Requirements

• Adequate cash flow
• Acceptable credit history

504 Real Estate

Size of loan

• Up to $10 million

Typical Purpose

• Purchase Real Estate
• Construct Real Estate

Term

• Up to 25 years fully amortized

Cash Injection

• Minimum 10% down

Fee

• Generally 1.5%

Qualifying Requirements

• 3 years management experience or 2 years of profitability
• adequate cash flow
• Owner must occupy 51%
• NW < $6.5 million
• NP < $2.5 million

7(a) Start-Up

Size of loan

• Up to $2 million

Typical Purpose

• Business start-up

Term

• Up to 10 years fully amortized

Cash Injection

• Minimum 20% down

Fee

• From 2% - 3.5%

Qualifying Requirements

• Industry experience
• Prior business ownership
• Acceptable credit history

Business Acquisition

Size of loan

• Up to $2 million

Typical Purpose

• Business Acquisition

Term

• Up to 10 years fully amortized

Cash Injection

• Minimum 15% down

Fee

• From 2% - 3.5%

Qualifying Requirements

• 3 years management experience or 2 years previous ownership
• Adequate cash flow
• Acceptable credit history

Specialty Financing

Size of loan

• Up to $2 million

Typical Purpose

• Hotel/Motel
• Car wash
• Day care centers
• Insurance agents

Term

• Up to 10 years fully amortized

Cash Injection

• Minimum 15% down

Fee

• From 2% - 3.5%

Qualifying Requirements

• 3 years management experience or 2 years previous ownership
• Adequate cash flow
• Acceptable credit history