SBA Lending Programs for Hotels and Other
There are 2 types of governmental SBA loans available.
First is the 7a program for financing of $5
million or less. The second is the 504 program
for purchases between $1 million to $6 million. Each have its
strengths and specific requirements. Contact us so that your
specific questions can be answered immediately.
Start the process today.
Under the 7a loan the ability of
repayment from the cash flow of the business is a primary
consideration in the SBA loan decision process but good
character, management capability, collateral, and owner's equity
contribution are also important considerations. All owners of
20 percent or more are required to personally guarantee SBA loans.
Advantages of SBA Loans
- Smallest down-payment from borrower
- Very Low Interest Rates on CDC/SBA Loan
- Commercial RE Financing Specialists rates can be
fixed or floating
- Prepayment options
- Fully assumable loans
7a LOAN PROGRAM
Commercial RE Financing Specialists specializes in
providing long term permanent financing to small businesses.
Government guaranteed, including the 7(a) Loan Program, are made
through the Small Business Administration (SBA). Commercial RE
Financing Specialists also offers non-government guaranteed
loans through our conventional loan program.
Use of Proceeds
- Hotel and Other Commercial
Properties - acquisition, construction or refinance -
up to 85% financing available
- Debt Refinance - up to 100% financing available
- Working capital provided
- Up to 25 years for Hotel Financing
- Loan amounts range from $500,000 to $5,000,000
- Lowest prepayment penalty program
- Interest rates are always market competitive
and based off of Prime Rate.
- First Mortgage - fees are always market competitive.
Eligible Businesses and Property Types
Almost any type of for-profit business is
eligible for financing. Commercial real estate must be,
is not restricted to, the following types of properties:
Apartment/Multi-Family, Office, Retail,
Industrial, Warehouse, Self-Storage,
Car Wash, Gas Station, Restaurant, C-Store,
Truck Stop, Day Care Center, Golf Course and