SBA 7a Loans

SBA 7a Loans:

Borrower Benefits

  • Long repayment terms, reducing monthly payments
  • Frees up cash flow to expand your business
  • 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
  • Financing available for most industry types including: hotel/motels, gas station/convenience stores, restaurants and day cares
Loan Amounts:

Loans available from $150,000, to presently $2M, but soon to be $5M

Use of Proceeds:

  • Owner Occupied 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 hotel/motel. Loans up to $2.0 million
Uses:

  • 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 3years on terms greater than 15 years

Terms:


  • 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

Because conventional loans are so tight, if not non-existent, SBA 7a loans are a God send for owner Occupiers.

Act now as this Government program will be quickly over booked.

Excel Commercial Capital Corp. can finance your SBA 7a Loan today! Click here to apply!


Apply Now

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