SBA 7(a) 90% Financing Commercial Business Loan
We’ll help you buy it, build it, or expand it !
Property Types: Industrial, Manufacturing, Hair/nail salon, Medical/professional, Restaurants, Gas Stations, Convenience Stores, Car Washes, Assisted Living Facilities, Franchise locations, Hotels, Daycare Facilities, Automotive Centers, and Funeral Homes.
Business owner for three years- stable to upward cash revenue trends
Currently renting and looking to buy a lot - build a building or buy a building to rehab or as - is
Business must occupy a 51% footprint of the building being purchased
$ 351K to $ 5M Loan amount
Amortization up to 25 year term
Interest rate: Wall Street Prime + margin (2.75%) , SBA Guaranteed, P & I payment, payment adjusts annually
No balloons, call provisions or financial covenants
Nationwide
45-60 day closings with responsive borrower. 60-90 day with delays
Credit score of 680 and above
No bankruptcy or foreclosure in past 5 years
Buy a building with 90% financing to expand their business.
o Roll closing costs and equipment into the loan.Business must be organized as a for profit company
Additional SBA Programs:
90% Business acquisition and partner buyout. Strong relevant management experience. Business acquisition-10-year term
85% Franchise Finance-Acquisition, refinance, debt consolidation, business expansion and start-up for selected concepts