SBA LOANS
SBA loans are an excellent option for purchasing Commercial Real Estate, Buying Land, New Construction, Owner Occupied Real Estate, Motels, Self-Storage, Assisted Living, Pre-Schools, Office Buildings, Restaurants to name a few.
The SBA 504 loan program is used for businesses needing funding options for large Real Estate and Land acquisitions.
The SBA 7(a) loan program can be utilized for Self-Storage Facilities, Retail Stores, Restaurants, PreSchools, Office Buildings and Motels.
SBA Lenders typically will have their own requirements for down payments, collateral requirements, and credit scoring. New businesses / ventures will require a higher credit score in comparison to established businesses.