This SBA loans is best used by a borrower looking to purchase or construct commercial real estate that will be at least 51% owner occupied. The remaining portion may be leased out to tenants and generate income for the property owner. This SBA loan program utilizes a first mortgage and a second mortgage that is guaranteed by the Small Business Administration (SBA). Both loans are processed simultaneously to decrease the time needed to fund the transaction.

SBA Loan             Program Guidelines:

• 90% LTV for multi- use, and 85% for special use.
• Loan amounts as little as $250,000 and as high as $7mm.
• Fixed rate commercial loans up to 25 years for conventional loans, and 20 years for SBA loans.
• Debt Service Coverage Ratio (DSCR) as low as 1.00 to 1.00.
• Multiple prepayment options to choose from.

SBA Loan             Program Benefits:

• Low down payment.
• Easy underwriting guidelines.
• Fixed payment options.
• Easy to qualify terms.
• Flexible prepayment options.