SBA 7a Loans

The SBA 7a Loan Program is one of the most reliable programs for business owners in the nation. This program may be used for both purchases and refinances. The benefits of the SBA commercial loans for business owners are many.

This program also has some of the most flexible underwriting guidelines available: DSCR: of 1.1 are allowed with the use of future business projections. Most commercial mortgages are underwritten to the historical financials in the last 3 years of the tax returns. However, with this program the borrower may use future financial projections to improve their books. Outside income many also be used to further increase net income. Credit scores as low as 620 are acceptable. Another benefit is the ability to tie in working capital into the loan.

In addition, the SBA Guarantee Fee is normally paid for by the funding bank. In this case the borrower has ZERO bank and/or SBA fees to pay for obtaining the loan. When everything is considered the fixed-rate features, the bank-paid fees, the guarantee provided by the SBA, the SBA 7a is truly one of the best SBA commercial loan programs available in the country.

SBA 7a Loan Program

Location: Nationwide ()
Property Type(s):
Loan Products: Prime + 1% - 2%
Loan Amount Minimum: $1,000,000
Loan-to-Value (LTV): 90% for purchases, 85% for refinances
DSCR: 1.1 Minimum. May factor-in future business projections.
Credit Score: 620 +
Special Features: Cash-Out available. Loan proceeds must be used for business related purposes
Program Notes:
  • Real Estate ONLY - No lease hold or business value allowed in this program
  • Your business must have been in existance for two years to qualify
  • Must be 51% owner-ocupied property
  • No restrictions on Small Town populations
  • Refinances must reduce borrower's monthly payment by 20% or more OR the borrower's existing loan has to be either floating or will soon have a balloon payment - no timing restrictions

Have Questions? Want to get Started? Please Contact Us:

Capital Line Commerical Financing Contact Form

 
 

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