SBA Loans - Small Business Administration

The SBA, or Small Business Administration, helps to provide loans through various lenders to small businesses on great terms. Bolt Commercial Loans works with some of the top SBA loan lenders in the country to provide you with the financing you need to build or maintain successful businesses. SBA504 and SBA7(a) are the most common loans available through the Small Business Administration's programs

SBA 504

SBA 504 are basically a two-in-one package, and are used primarily for real estate acquisitions. What happens is an SBA loan lender will finance 50-60% of the acquisition costs. The Small Business Administration will then finance 30-40%. This allow about 80-90% of the financing for the acquisition costs you need.

Rates:

Mortgage rates from SBA lenders can vary and possibilities include fixed or variable 25-year term. The SBA fund mortgage is set at a 20-year fixed rate.

SBA 7(a)

The most common and popular loan type offered by lenders in the SBA program is the 7(a).

Loan Uses:

Real Estate Acquisitions
Business Acquisitions
Debt Refinance
Equipment Purchases
Furniture & Fixture Purchases
Working Capital
Construction

Rates:
Are Prime based (currently 4.75%) plus .5-2.75%

Loan Sizes:
$150,000 to $2,000,000

Terms:
7-25 Years

Collateral:
Business assets, business or personal real estate.

LTV:
Up to 100%