Howard Francis (650) 449-6888 Howard@CPAddc.com
Howard Francis (650) 449-6888 Howard@CPAddc.com
Below is both the text and a 1 page PDF for the 2 most popular SBA loans.
The 2 most popular SBA loans are SBA 504 and SBA 7(A)
The SBA 7(a) loan is the most common SBA loan product, offering flexibility on terms and business uses- SBA loans allow businesses to obtain capital with less equity than a conventional loan
Advantages
Loan Purpose
How it Works
Down payment:
The common loan terms for SBA7(a) loans are the following:
Who's a Good Fit
What We Need to Get Started
The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2021 | 2. If your needs exceed the $5 million lending limit of the SBA, we have creative combination debt solutions allowing us to combine an SBA loan with a commercial loan.
Maximum Loan Size : $5 million Repayment Terms : Up to 25 years
Pricing
Prepayment
Borrower Type For-profit business
SBA 504 Loan may be a viable option if you're looking to expand, purchase commercial real estate or heavy machinery and equipment.
Advantages
Loan Purpose
How it Works
Who's a Good Fit
What We Need to Get Started
Maximum Loan Size : $15 million Repayment Terms : Up to 25 years
Pricing :
Prepayment:
SBA Bank Loam: 10 years declining Borrower Type: For-profit business
SBA loans with our SBA Banks close 30 days Faster
We promote to small business owners SBA-backed funding through US Banks with a preferred status within the SBA loan program.
Usually, our SBA lenders also offer you
The most common SBA loan is SBA 7(a) since it it offers flexibility on terms and business uses.
An SBA 7(a) loan is a good option for :
1. acquisitions,
2. partner buyouts,
3. real estate purchases,
4. refinance and more.
Advantages: Up to 90% bank financing Fully amortized/no balloons No pre-payment penalties for loan terms under 15 years
SBA 504 loan (see 1 page PDF below)
While the eligibility requirements for a 504 loan are nearly the same as for the 7(a) loan program, the approved uses of the loan are different. They fall into three main categories:
1. buying commercial real estate,
2. financing improvements within that real estate and
3. purchasing large equipment.
Advantages: Low down payment (typically 10%) conserves your cash, fixed or floating interest rates available Loan amounts up to $15,000,000.
Top 12 US Banks predict the Federal Reserve will increase the current 0.25% rate by 1.75%.
Howard Francis, CEO (650) 449-6888 Howard@CPAddc.com
Victor Mojica, President (408) 314-3017 Victor@CPAddc.com
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