LOAN PROGRAMS

RE-FINANCE

• Conventional Program Highlights
• Re-finance up to 80% loan to value
• $250,000 to $5,000,000
• Up to 25 year fully amortized term
• Pre-Approvals in 48 to 72 Hours
• Closings in 60-90 days
• Loans may be assumed by Qualified Borrower/s
• Annual Financials are not Required

PURCHASE

Conventional Program Highlights

• Loans to 85% of value
• $300,000 to $5,000,000
• Up to 25 year fully amortized term
• 48 to 72 Hours Pre-approval upon receipt of complete package
• 60-90 days for most closings
• Loans may be assumed by Qualified Borrower/s
• Annual Financials may not be Required

SBA PROGRAM HIGHLIGHTS (No SBA Guarantee Fee!)

The SBA 7a Program allows for financing of all types of business needs from purchasing real estate, fixed assets, working capital, business acquisitions and leasehold financing

• The SBA 7(a) loan program highlights are:
• No SBA Guarantee Fee!
• Up to 85% financing
• Fully amortized loans with no balloons
• Terms to 25 years
• Loans up to $2 million
• Variable and fixed rate financing at .75% to 1.75% Over Prime

The SBA 504 Program provides a method to finance real estate expansion projects through long-term, fixed-rate financing and is differentiated from the 7(a) program in that it is offered in partnership with a participating lender (bank or non-bank).” The 504 loan program consists of two loans. The first loan and lien position is offered by an authorized lending institution and the second loan or second lien position is offered by the US SBA via the efforts of a certified development company (CDC).

504 eligible project costs include;

• Land and building acquisition
• Site improvements
• Building improvements
• Professional fees, including architect, appraisal, environmental
• Other costs, including title insurance, survey, points and interest on interim loan
• Machinery and equipment acquisition

The main advantages of the SBA 504 program are as follows;

• Small equity injection, as little as 15% toward the total eligible project
• Long-term financing is available, up to 25 years on loan 1 and up to 20 years on loan 2
• Very favorable, fully amortizing fixed-rate pricing on loan 2 at market
• Most closing costs are eligible for project financing
• SBA 504 loans may be assumed

The SBA 504 loan program highlights are:

• No SBA Guarantee Fee!
• Up to 85% financing
• Fully amortized loans with no balloons
• Terms to 25 years
• Loans up to $10 million
• Variable and fixed rate financing at .75% to 1.75% Over Prime

Please call 609-759-1050 for more details…