Trust Your Financing to an SBA Expert!
Trust Your Financing to an SBA Expert!
Purchase/Acquisitions
If you are currently leasing at your business location and it makes sense to consider purchasing a property, in most cases you can lower your monthly payment. However more important, you can build equity and not experience rent increases by purchasing a new property and allow for future growth.
Refinance
Paying a high interest rate on your existing loan? Lower your monthly payment with a competitive fixed rate and a longer 30+ year term. Funds for building improvements or new equipment can also be included.
Construction
If you are thinking constructing a new building, consider the best terms for construction in the industry, offering a 33 year term with interest only payments for the first three years and a 30 year term with no balloons from that point on. An interest reserve is financed into the loan to make the interest only payments during the construction period. Also, a contingency reserve is factored into the loan for any cost overruns.
Mixed Use (Partial Occupancy)
You find your perfect building, but do not need all of the space. If you can occupy at least 51% of the total square footage, the SBA allows you to lease out the remaining 49%. If new construction, only 40% can initially be leased to a third party.
Expansion / Renovations
If your business is growing and you need more space, funds can be provided to expand at your existing location. You can also finance long-term equipment with the same loan as well. If your goal is to improve or renovate your existing building due to obsolescence or deferred maintenance, these types of projects can be financed also.
Vitamin company warehouse purchase in Dallas, TX. $5.5 million 504 loan. New monthly loan payment comparable to the historical monthly lease obligation. Sponsors now own the building.
Medical office condo purchase for a growing Pain Clinic practice in
Frisco, TX. New equipment financed into the loan as well. $1.2 million 7A loan.
I have over 30 years experience in the financial services industry and am also a former CPA. I have the knowledge and experience you can trust to provide you with the best financing available for owner-occupied commercial real estate properties. Please contact me at carey@sbafinance.us 800-674-6647 or click on the link below to send a quick message and I will respond the same business day. I look forward to hearing from you!
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