CertusBank SBA 7a Loan Program

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Information about CertusBank SBA 7a Loan Program

Published on February 28, 2014

Author: JenniShover

Source: slideshare.net


SBA 7a loans

SBA 7a LOANS BORROWER BENEFITS • Long repayment terms, reducing monthly payments • Frees up cash flow to expand your business • Low down payment of as little as 10% on multi-purpose real estate acquisitions and as little as 15% on single-purpose real estate acquisitions • Financing available for most industry types including: hotel/motels, gas station/convenience stores, restaurants, assisted living facilities, and day cares LOAN AMOUNTS • $500,000 to $5,000,000 USE OF PROCEEDS • Real estate - purchase, construction, renovation or refinance of commercial real estate. Majority of space must be owner-occupied. Loans up to $5.0 million • Business acquisition - business, franchise or professional practice.Loans up to $5.0 million • Machinery & equipment - purchase or refinance. Loans up to $5.0 million • Start-up – franchised businesses such as restaurants and hotel/motel. Loans up to $5.0 million TERMS • Real estate - up to 90% financing, up to 25 years, prepayment penalty for initial 3 years, none after the end of year 3 • Business acquisition - up to 80% financing, up to 10 years, no prepayment penalty • Refinance – up to 100% financing, up to 25 years, Prepayment applicable for initial 3 years on terms greater than 15 years • Rates are based on a spread over the Prime Lending Rate. Rates vary depending on the specific strengths of the transaction • SBA Guarantee Fee is paid directly to U.S. Small Business Administration. Amount varies based on loan/guarantee amount. Other customary fees also apply • All 7a loans are fully amortized and are assumable PRE-SCREEN • Pre-screen service available within 24 hours with no charge or obligation by providing limited information. For more information, or to make a referral, please contact: 877.893.7823 CertusBank.com/SBA CertusBank, N.A. Member FDIC. Equal Housing Lender. © 2013 CertusHoldings, Inc. All rights reserved. CertusBank, N.A. is a trademark of CertusHoldings, Inc. For further information on our Company, please visit our website at CertusBank.com. For Investor information, visit the CertusHoldings, Inc. website at CertusHoldingsinc.com. CertusBank.com

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