• This loan is the most common of all SBA Loans because eligibility is based upon the business and the principals.  
  • Funds can be used for any type of business except those specifically prohibited by the SBA Regulations.
  • Primary consideration in the underwriting decision process looks to the repayment ability of the borrower from the cash flow of the business. Other factors as important as cash flow include management capability, collateral, and owner’s equity contribution
  • Loan proceeds may be used to start-up business, assist in the acquisition, operation, or expansion of an existing business, need for working capital or additional equipment, and construction (to name a few of the eligible uses)
  • SBA term length and amortization depends on whether the loan will be used for business only purposes, used in conjunction with real estate or a combination of both.   Terms and amortizations can go from 10 years to 25 years.
  • SBA Loans are always recourse, which means that a personal guaranty for the repayment of the loan is required. Full recourse loans make the sponsors guarantying the loan responsible for any and all shortfalls between the loan balance and sales price in the event of default and foreclosure as well as any applicable legal and ancillary fees.

  • These loans must be used for particular purposes: To purchase equipment, machinery, furniture, fixtures, or other related materials; To purchase real estate including and buildings as well as ground up construction.
  • The SBA Regulations now allow an SBA 504 Loan to refinance debt.  However, to refinance an SBA Loan, the Borrower must have had the original loan for a period of two years
  • There are three components to this loan: Borrower / Lender / SBA (CDC).  The Borrower will contribute 10 – 20% of the transaction cost, the Lender and the CDC will contribute 50% each of the remaining balance.  (CDC means Certified Development Corp and is an entity which is subsidized by the SBA).
  • The term and amortization length is different for the Lender and the CDC.  The Lender will have terms up to 10 years with an amortization of 25 years.  The CDC will have offer a term and amortization of 20 years
  • Personal Guarantees  are always required for these loans. Full recourse loans make the sponsors responsible for any and all shortfalls between the loan balance and sales price in the event of default and foreclosure as well as any applicable legal and ancillary fees.
  • Prepayment penalties will be part of the loan terms.  The Lender prepayment penalty will be on a 5 or 10 year basis.  The CDC will have a 10 year term.

  • The USDA (US Dept of Agriculture) helps borrowers by providing guarantees to lenders for rural businesses and properties.
  • Its primary purpose is to create and maintain employment and improve the economic climate in rural communities.
  • USDA Loans may be used for start-ups, business expansion, business acquisition, commercial real estate, working capital, machinery, equipment, inventory and debt refinancing.
  • A USDA Loan allows up to 90% financing.
  • This program represents a true private-public partnership.

  • For those borrowers who don’t qualify for a conventional loan or do not want to go through a full document underwriting process
  • All commercial property types including Marijuana Based
  • Stated Income underwriting and Bank Statement Income underwriting
  • Can be investment property, mixed-use property or owner occupied business property
  • Credit Scores can be as low as 600 middle
  • Rates and Terms are commensurate with strength of Borrower and strength of Property

Daily Payment Loans

  • Lite Documentation Underwriting
  • Five (5) business days from full loan submission to close
  • Loans from $25,000 to $5,000,000
  • Business in existence for minimum of three (3) months – Standard Underwriting
    Business is a Start-Up – Based on Borrower net worth, good credit & projections
  • Minimum credit is 550 middle
  • Business revenue is minimum $50,000 annual



Weekly & Monthly Payment Loans

  • Full documentation underwriting
  • Twenty (20) business days from full loan submission to close
  • Loans from $25,000 – $2,000,000
  • Business in existence minimum of two (2) years
  • Minimum credit is 640 middle
  • Business revenue is minimum of $100,000 annual

  • There are two standard ways to finance Multi-Family Real Estate: Conventional Lending and FNMA / FREDDIE MAC Lending.
  • Conventional Lending can be found in our section on this lending choice.
  • FNMA financing (The Federal National Mortgage Association) is commonly known as “Fannie Mae” Loans.  FREDDIE MAC (FHLMC) has similar government guidelines.  These loans are guaranteed by the federal government.
  • Most FNMA apartment mortgages are non-recourse (except standard carve outs)
  • Properties are underwritten using the Delegated Underwriting Services (DUS) program to make sure that lending parameters are met.
  • Loan collateral may be traditional apartments, affordable housing, senior housing, student housing, and manufactured housing communities.
  • Loan amounts start at $750,000 and go up with terms between 5-30 years and amortizations up to 30 years.

  • Borrowers can use bridge financing to fund real estate projects which are not ready for any type of permanent and long term lending.
  • Bridge financing can give owners of real estate the flexibility they need to reposition and stabilize properties.
  • These loans have maximum flexibility to fund any type of real estate for most any type of transaction or project.
  • The Borrower must have experience in the industry and prove the transaction or project will stabilize for future refinancing.
  • The Borrowers do not need good credit and often can use creative ways to contribute the down payment required by the Lender
  • Bridge financing allows for quick turnaround time to allow the borrower to close in a short time frame.

  • Conventional commercial loans are mortgages that are provided by a bank, credit union, savings institution, or other traditional lender.
  • Conventional mortgages are secured by a first lien position on the subject properties being financed.
  • The collateral is usually a standard type of commercial real estate: Multi-Family, Office, Retail, Warehouse, Industrial and others on a case by case basis
  • These loans require a personal guarantee.
  • Borrowers must have the requisite cash for larger down payments, high credit scores and either some experience or retaining a management company for this experience.