Commercial Loans - SBA Programs - Equipment Leasing
|
|
 |
 |
 |
|
 |
 |
 |
SBA 7A
Small Business Administration backed loans provide small business owners with more financing opportunities through higher leverage, flexible underwriting and lower down payment requirements.
SBA 7(a) loans are the most basic and popular Small Business Administration (SBA) business loans. The name "7(a)" comes from section 7(a) of the Small Business Act, which authorizes the SBA to provide financing for America's small businesses.
Summary:
| Product Type: | Owner-Occupied SBA 7a | Property Type: | Community lending program to improve the locality for almost any business in the U.S. |
| Loan Amount (min/max): | $250,000 to $2MM |
| LTV (max): | 90% |
| Amortization / Term: | 20/20 |
| Minimum FICO: | 650 |
| Minimum DSCR: | 1.10x |
| Non-Eligible: | Ground Lease, Gas Stations, Churches |
| Cash-out: | N/A |
| Collateral: | Real Property |
Click here for Full Program Guidelines in PDF Format