SBA 7(a) Real Estate SBA 7(a) Business Loans SBA 7(a) Combination SBA 504 Loan Program USDA
Use of Funds: Owner-user commercial real estate purchase, refinance or construction Business acquisition, startup, debt refinance, working capital, inventory, equipment, tenant improvement, partner buyout Owner-user commercial real estate purchase, refinance or construction To purchase or construct owner-user commercial real estate Business acquisition, startup, debt refinance, purchase buildings, inventory, equipment.
Loan Amount: Up to $5 million Up to $5 million Up to $7 million combined Up to $11.25 million for most industries, higher for qualified manufacturing firms Up to $10 million
Interest Rate: ARM-Based on Prime ARM-Based on Prime ARM-Based on Prime ARM-Based on Prime Contact Us
Term: Up to 25 years Up to 10 years Up to 25 years Real Estate: Up to 25 years
Equipment:10 years
7 to 30 years
Amortization: Full amortization Full amortization Full amortization Full amortization Full amortization
Prepayment
Penalty:
Possible Possible Possible PPP applies None
Collateral: Subject property.
Additional collateral may be required.
Available collateral Subject property.
Additional collateral may be required.
Subject property Subject property.
Additional collateral may be required.
LTV
Advance Rate:
LTV up to 90% Advance Rate:
75% – Startup
85% – Business acquisition
90% – Equipment
100% – Debt refinance, inventory, working capital, partner buyout
LTV up to 90% LTV up to 90% LTV up to 90%