Small Business Lending
"Serving America's Businesses Since 1981"

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Commercial Real-Estate Financing  

Small Business Administration 7A loan

• Loans can be structured up to $3,000,000
• Must be eligible business borrower & occupy at least 51% of the building
• Minimum down payment 10%
• Interest rate adjustable indexed to prime 
• 25 year term, no balloon payment, no prepayment penalty
• Construction financing permitted 

Small Business Administration 504 loan

• Loans can be structured up to $3,000,000
• Must be eligible business borrower & occupy at least 51% of the building
• Minimum down payment 10% (Single use property 15%)
• Interest rate fixed
• 20 year term, part of loan may have a balloon payment
• Prepayment penalty first 10 years
• Construction financing permitted 

Conventional Bank Financing

• Loan limits subject to banks policy and federal regulations
• Property must have rental income sufficient to cover payments plus 25%
• Minimum down payment 25%
• Interest rate adjustable 
• 30 year term, with balloon payment in 5, 7 or 10 years
• Prepayment penalty usually in first three years
• Construction financing permitted 

Conduit Financing

• No limit on loan size
• Property must have rental income sufficient to cover payments plus 40%
• Minimum down payment 30%
• Interest rate fixed
• 30 year term, usually no balloon payment
• Prepayment penalty common
• No construction financing
   

Business and Industry Loan 

• Loans up to $10,000,000
• Property must be located in an area with less at 50,000 population (Rural)
• Minimum down payment 20%
• Interest rate adjustable indexed to prime
• 30 year term, no balloon payment
• No prepayment penalty
• Construction financing permitted

   

All loans are subject to additional terms and conditions as required by individual lending institutions. 

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