5%+ SBA 504 Loans $1 Million to $10 Million
For 51%+ Owner Operated Properties
Warehouse, industrial, medical, flex, auto body & repair, office condo, retail, restaurants, gas stations, mini storage, cold storage, bowling alleys, funeral home, urgent care, surgery center, car dealership, winery, assisted living & hotels
$1 Million to $10 Million
Term: 10 years
25 year amortization
Blended rate 5%+ (504 6.75% to 7.75% + 2nd @2.8%)
Finance purchase, refinance, new construction, rehab, converting existing facilities, value add & purchase of long-term machinery and equipment in conjunction with a commercial real estate acquisition request
Ineligible use of proceeds: working capital, inventory or business acquisitions
LTV 80% to 90% (depends on your real estate collateral and financial strength)
No application, commitment or due diligence fees
Origination: 1 Lender + 2 Eagle on HUD but paid out of pocket at closing
Credit score: 620+
Tax returns required DSCR 1.0X (can use interest reserve to cover deficit)
Prior ownership and management experience
Recourse
Prepay: 5/4/3/2/1
Current loan to be refinanced must be in place 2+ years with no partial or full ownership change (can’t refinance an SBA loan with another SBA loan)
Funded in 60+ days
No upfront charges – we are paid when your loan is funded at closing.
To get started, please click the blue 5%+ SBA Loans for Owner Operated Properties Link for your FREE PRE-APPROVAL LOI within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES to submit your online loan request. No credit cards, Social Security Numbers or credit checks required.
