SBA Commercial Real Estate
Are you currently leasing or renting an existing business location? Is that location not meeting the needs of your growing business? Do you need financing to either purchase, refinance or construct a new location? Both the SBA 7a and SBA 504 loans provide long term financing from between 20-25 years with balloon payments that traditional commercial loans have.
See the benefits of SBA financing as compared to traditional commercial financing:
| SBA 7a Loan | SBA 504 Loan | Conventional Loan |
|---|---|---|
| Loan term-25 years | Loan term-20 years | Loan term – 3/5 years |
| Loan Amortization-25 years | Loan Amortization-20 years | Loan Amortization – 15/20 years |
| 10% equity requirement | 10-20% equity requirement | 25-30% equity requirement |
| 90% financing | 80-90% financing | 70-75% financing |
Want to know if you qualify to buy a new commercial real estate by using an SBA loan? Contact Tom Meyer at: 847-899-3793 or click below to send a message.
