SBA Loans
Current Incentive: The SBA is waiving the guarantee fee on loan amounts up to $500,000 which is subject to change.
SBA 7(a)
Can be used for working capital, inventory, equipment, hiring, consolidating high interest debt, business acquisitions, and more!
Maximum Loan Amount: $5,000,000
Terms: 10 Year Term, 7.5% Interest Rate*, Monthly Payments
Processing Time: 2-5 weeks depending on borrower's ability to gather documents and underwriting analysis
Documents For Initial Review:
SBA 1919 Form (Attached)
Last 3 Years Personal & Business Tax Returns,
YTD Financials,
Personal Financial Statement,
Business Debt Schedule
Minimum Requirements:
2 years in business, US Citizen OR Green Card Holder, 650+ credit score, Passing ETRAN business score (we can pull an SBSS score for you), business must cash flow( we can do a pre-screening prior to review by bank)
SBA 504/CDC
Used for the purchase of commercial real estate that the business intends on occupying at least 51% or more of.
25 year term, 7% Interest Rate*
Processing Time: 45-60 days
Minimum Requirements:
2 years in business, US Citizen OR Green Card Holder, 650+ credit score, Passing ETRAN business score (we can pull an SBSS score for you), business must cash flow( we can do a pre-screening prior to review by bank)
Possible Zero Down Option
*Interest Rate subject to change based off WSJ Prime Rate