Note: Our Commercial Finance division is part of a larger Commercial house. With over active 350 lenders in our relationship list, we can close everything from neighborhood business, to combined, multi-Wall St, conduit-type loans. This is the periodic blog from our office.
The Place To Go For SBA Loans-PERIOD!
We have long been known as the place to go when the banks say ‘no’. With our NEW LOWERED RATES-WE ARE THE PLACE TO GO FOR SBA 7A LOANS-PERIOD! Real Estate based 7A loans now have rates as low as Prime +1.00% AND WE CHARGE NO BROKER POINTS! Combined with our fully refundable app fee, you get a much better deal
than ANY local or major bank on the SBA 7A product.
– SBA 7A rates starting at Prime+1.0%**
– No broker points
– Refundable app fees (try that at a local bank)
– PLUS we hold your hand through the process helping you navigate the 7A waters
It’s simple. You can do this yourself-take the time to get your loan documents together, go to your local bank, hopefully get approved. Navigate the SBA paperwork, navigate the bank approval process, and if denied start all over somewhere else. You will likely end up with a rate
of prime +2.5% or more IF you get approved and don’t go crazy first.
Or, have us do the heavy lifting, help navigate the process, get you terms in writing in 48 hours, hold your hand to the closing AND you will likely get a BETTER RATE and NO BROKER OR LENDER POINTS! WHAT? The decision is a no brainier. Get the best service, plus help AND the best rates and costs…..WHY GO ANYWHERE ELSE?
We can do Real Estate based deals, business only deals, start up, business acquisitions, partner buyouts and working capital deals. IF you or anyone you know has a small business and they need capital for any reason, give us a call.
P.S. CHECK OUT THIS HOT ADD ON! For loan requests exceeding SBA 7(a)’s $5 million maximum we’re able to consider another $3,000,000 in conventional funding to achieve a total funding amount of $8,000,000. This hybrid structure is excellent for ground-up construction, acquisition and refinance transactions – even serves effectively as bridge financing.
Recently funded and/or approved projects using our hybrid financing structure:
- $7.65M – Construction project of a start-up of a 58 bed assisted living facility/memory care with less than 10% equity injection, CA
- $6.56M – Construction project of a start-up campground, FL
- $10.00M – Construction project of a start-up 90 bed assisted living facility/memory care, OR
We’ll consider most property types – e.g. assisted living, truck stops, campgrounds are all okay.
P.P.S. We also do SBA 504 Loans which give a blended fixed rate in the 4’s right now!! This is the BEST time to borrow for your small business. WE ARE THE PLACE TO GO FOR THE BEST SBA RATES-PERIOD! Call or e-mail me.
**Pricing is risk based with strong real estate based loans getting the best rates (Prime +1%), and unsecured start up loans being priced at the higher end.