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7(a) Loan Program

We specialize in providing long term permanent financing to small businesses. Our loans, including 7(a) Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs.

ELIGIBLE BUSINESSES AND PROPERTY TYPES

Almost any type of for-profit business is eligible. Commercial real-estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties:

  • Office Buildings
  • Professional Buildings
  • Warehouses
  • Restaurants
  • Industrial Buildings
  • Franchises
  • Manufacturing
  • Start-ups
  • Child Care Facilities
  • Single-Use Buildings

 

USE OF PROCEEDS

  • Real-estate acquisition, construction, or refinance - up to 90% financing available
  • Business Acquisition - up to 80% financing available
  • Equipment Acquisition - up to 100% financing available
  • Debt Refinance - up to 100% financing available
  • Working Capital
  • Tenant Improvements

TERMS

  • Up to 25 years for real-estate financing
  • Up to 10 years for equipment or business acquisition financing
  • Up to 7 years for permanent working capital
  • All loans are fully amortized No balloons

INTEREST RATES AND FEES

Interest rates are always market competitive. Fees are generally limited to the SBA guaranty fee, a packaging fee and customary closing costs.

LOAN AMOUNTS

Loan amounts range from $100,000 to $5,000,000