SBA Commercial Loans, SBA Commercial Loan Experts

We provide SBA commercial loans nationwide. Transaction sizes range from $650,000 to $5,000,000. The critical thing to keep in mind is that not all banks and lenders that work with the SBA are the same. Many borrowers get discouraged and or think they are ineligible for all SBA loans just because their local SBA lender turned them down.

Just like with conventional loans, each bank has their own separate appetite for loan request. For example, some lenders won't look at restaurants, while others specialize it. Some banks won't consider a loan if the borrower doesn't have a minimum 720 credit score while others can "get over" a 520 score if the borrower has other compensating factors.

We work with some of the best SBA lenders in the nation. Many are still aggressive and will consider special purpose properties, low debt coverage ratio's, low credit score, etc. Others provide some of the lowest rates and longest fixed period in the market today. Call us. We can help you get your loan funded. We have the experience and expertise to get it done.

SBA 7a Loans

SBA 7a loans are normally geared towards loan requests below $2,000,000 on both purchase or refinances. 90% financing on purchases, 85% on refinances and low rates are three of the biggest benefits. 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 WITH the use of future business projections. Most commercial mortgages are underwritten to the historical financial's only, ie the last 3 years of tax returns. However, with this program the borrower can use projections to improve their numbers. Outside income can also be used to further increase net income. Credit scores as low as 580 are still acceptable with some lenders (click here if your score is below 620). Another benefit is the ability to tie in working capital into the loan, among others.

SBA 504 Loan

SBA 504 loans are normally associated with purchase transaction over $2,000,000 though there is no set minimum. The major benifits are fixed rates as long as 20 years, amortization schedules as long as 30 years and 90% financing.

Now as property values has declined across the nation and across all property types, business owners should give serous consideration to owning. Not only for the potential appreciation when the economy eventual returns, but also from a cashflow perspective. The typical saving from a monthly payment perspective is 10-20% in a normal market. For example, if you are currently paying $10,000 a month in rent, your potential mortgage payment will most likely be around $8,000 or so. If you are able to buy a building now at a substantial discount, your saving should be even higher. Take a look at our mortgage calculators to check payments for yourself.

We have the experience, contacts and knowledge to get your loan closed. Call us now regarding your SBA commercial loan or fill out the pre approval form for meaningful answers.