Understanding SBA Loans – Small Business Administation Mortgages

Popular Guidance Related to Home Mortgages, Subprime Mortgage Loans and Atlanta Warehouse Mortgage Lenders, Understanding SBA Loans – Small Business Administation Mortgages.

For more information on SBA Loans please visit us at https://www.commercialloandirect.com/SBA-loans.html.

SBA stands for the Small Business Administration and is an independent agency under the US government. These programs are operated through private-sector lenders including banks that provide loans which are, in turn, guaranteed by SBA. The Small Business Administration was created in 1953 to protect the interests of small businesses, preserve competitive enterprise, and strengthen the economy. SBA helps small business owners remain the engine of the United States by offering higher LTV’s and lower DSCR’s requirements than most conventional loan products.

Properties that fall under SBA are as follows:
-Hotel/Motel
-Industrial/Warehouse
-Medical/Healthcare
-Mixed Use
-Office
-Retail
-Self-storage
– SBA loans can also be used for equipment and working capital.

There are two SBA products that are very popular. There is the General Small Business Loans known as SBA 7(a) which can be used for real estate, working capital, and or equipment. There is also the SBA 504 program that is typically utilized for real estate and equipment financing.

Term length and amortization ranges widely and is dictated by the lender on the 1st mortgage. Maximum LTV is 90% for an SBA loan (under the SBA504 program.) The SBA 504 program puts a second mortgage in place with attractive fixed rates for 10 and 20 yrs. Terms and amortizations can usually go up to 20 and even 25 years in some circumstances. SBA loans are always recourse which means that a personal guaranty for the repayment of the loan is required. Prepayment structures can vary greatly, depending on how the lender decides to structure the loan. SBA504 has usually a declining prepayment penalty on the 2nd mortgage that will match the term of the loan. We will explain the SBA7a and 504 programs in further detail on our next video series.

For more information please visit us at https://www.commercialloandirect.com/.

You may contact us at 800-687-0797

CLD Capital, Inc.
3399 Peachtree Rd NE
Suite 1750
Atlanta, GA 30326

Atlanta Warehouse Mortgage Lenders, Understanding SBA Loans – Small Business Administation Mortgages.

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