SBA Loans

Experienced & dedicated to getting the right loan for your needs

The small business owners can see a new window of hope with the SBA loan, basically made for the small business entrepreneurs. We make the SBA loan available for you within a short time span and with our extended years of expertise. Whenever it requires taking the small businesses forward, the United States Small Business Administration takes a stand and back the financing for giving you the best solution from the day it established in 1953. Two of the most special services provided by the SBA are SBA 7(a) and SBA 504. Availing the most beneficial loan services will give you new aspects of success in the business as these two have gigantic advantages over the traditional funds including:

Prolonged repayment terms: It means you have to pay low monthly payment

Minimum down payment option: It makes your upfront prices more affordable for you.From initiating business to expanding it successfully, SBA commercial loans help you in all possible ways.

Lending Guidelines

LOAN SIZE

Minimum – $125,000 Maximum – $10 million

Minimum – $50,000 Maximum – $5 million

INTEREST RATE

• Fixed

• Predominantly variable; some fixed-rate options

TERMS

• 20 years – real estate

• 10 years – equipment

• Up to 25 years – real estate

• Up to 10 years – business acquisition, equipment

• 5 to 7 years – working capital

• Weighted average for mixed-use requests

LTV Up to 90%

DOWN PAYMENT

• 10% borrower

• Minimum 10% borrower(often more)

Up to 90%

ELIGIBLE BUSINESS SIZE

• Business net worth not to exceed $15 million
• Average net profit after taxes for 2 consecutive years not to exceed $5 million

• Determined by industry type
• Annual sales not to exceed range of $750,000 to $33.5 million for retail, service and agriculture
• Number of employees not to exceed range of 100 to 1,000 for wholesale and manufacturing

LOAN STRUCTURE

• 50% bank loan
• 40% CDC loan
• 10% borrower down payment

• Loan structure negotiable; dependent on risk
• 10% down payment (minimum)

PROCEEDS USE

• Purchase existing building
• Land acquisition and ground-up construction (can include soft cost development fees)
• Expansion of existing building
• Finance building improvements
• Purchase equipment

• Expand, acquire or start a business
• Purchase or construct real estate • Refinance existing business debt
• Buy equipment
•Provide working capital • Construct leasehold improvements
• Purchase inventory

PROGRAM REQUIREMENTS

• 51% owner occupancy for existing building
• 60% owner occupancy for new construction
• Equipment must have minimum 10-year economic life

• 51% owner occupancy for existing building
• 60% owner occupancy for new construction
• All assets financed must be used to the direct benefit of the business

COLLATERAL

• Generally, project assets being financed are used as collateral
• Personal guaranties of the principal owners of 20% or more ownership are required

• Subject assets acquired by loan proceeds
• Pledge of personal residence unless bank can justify why unnecessary
• Personal guaranties of the principal owners of 20% or more ownership are required

FEES

• Fees are financed in the 504 loan
• Fees are negotiated for the 50% bank loan
• Servicing fee (lowest allowed by SBA) for CDC plus a legal review fee

• Fees can be financed in the 7a loan
• Fees vary with the size of loan paired with 504 loan
• Additional .25% charged on any loan portion above $1 million

Closing Time:

As soon as 45 days

As soon as 45 days

Gear Up Your Business by Getting an SBA Loan,

Hard Money Loans or Conventional Loans

What Our Clients Think Of Us

John Lee
John Lee
2019-12-10
I am an SBA lender and have worked with Orlando for over 5 years. Orlando is very knowledgeable, trustworthy, and he is one of our valued relationships. He is always on top of things, very responsive, and is always looking out for his client's best interests. I would recommend Orlando to all my clients.
Davy Registe
Davy Registe
2019-12-10
Orlando is Rockstar and very knowledgeable about the commercial financing industry. He is exceptional at communicating and keeps you informed. He definitely knows his craft. What I admire and appreciate the most about him is his integrity, he keeps his word. For example; he is one of the few people that I do deals without a contract at first just his word. Stand up Guy👍🏽
Danny Blaser
Danny Blaser
2019-12-09
Orlando did a great job getting financing for my building. He was always attentive to my needs and really on the ball working through all the details of getting my deal through underwriting and to closing. I highly recommend him and his company!
Justyn Wielenta
Justyn Wielenta
2019-12-09
Mr. Miner is extremely responsive & knowledgeable, he will not waste your time if it can't be done.
Kevin Chung
Kevin Chung
2019-12-09
Orlando is the guy for your financing needs! He is very professional, responsive and easy to work with.
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