Small business lending encompasses a very large and diverse group of businesses and industries that represent different industries and levels of business sophistication.

With the help of Small Business Administration businesses can move forward even in our credit-hungry time.

Here is what's available for our Clients now:

SBA 504

$150,000 To $4,000,000

• Purchase
• Maximum 90% LTV
• Hotels, Motels, Medical, Dental, Mixed Use, Restaurants, Owner User

SBA 7(a)

$250,000 To $2 million
Small business term loans for the following uses and purposes:

• Owner occupied real estate purchases
• Equipment purchases
• Business Acquisitions - Franchises
• Partner buy-outs
• Permanent working capital
• Furniture, fixtures and leasehold improvements
• Refinance existing debt

Commercial Program A

$100K to $4 million First Mortgage

• Seller Carry Back or Other Second Allowed up to 20%
• Minimum DSCR 1.40+ 1% Loan Assumability 90% Occupancy Minimum Score 650+
• Term/Amortization 20/20 Investor or 25/25 Owner Occupied - No Balloon Payment
• Non-Recourse available with less than 50% LTV on a case by case basis

Hotels and Motels - Flagged

$500K to $5 million

• Maximum LTV 60% or 80% CLTV if property is 10 yrs or less old or, 55% LTV or 75% CLTV if property is 11-20 yrs old and based upon the current or prospective market value of the subject property. Purchase and Rate and Term Refinance. No ground leases. Cash out for property improvements or business purposes attached to the property. Seller carry back max 20%.
• The borrower is required to make an equity injection equal to a minimum 20% of project costs or appraised value, whichever is less (15% equity permitted if done with SBA 504 program). Seller financing on full standby, in a junior lien position may be included in the 20% equity, provided the borrower’s cash injection is at least 10%.

Multifamily 5+ Units, Mixed Use & Mfg Home Parks

$500K to $100+ million

• 80% LTV Purchase
• Rate/Term & CashOut Refinance

For more information on SBA loans please contact H. Colvin Smith directly.