Loans less than 7 years: $0 - $25,000 Prime + 4.25%; $25,001 - $50,000 Prime + 3.25%; Over $50,000 Prime + 2.25%
Loans 7 years or longer: 0 - $25,000 Prime + 4.75%; $25,001 - $50,000 P + 3.75%; Over $50,000 Ranges between Prime 2.00 % to 2.75%
Must be a for-profit business & meet SBA size standards; show good character, credit, management, and ability to repay. Must be an eligible type of business.
Prepayment penalty on loans with maturities of 15 years or greater if prepaid during first 3 years only. (5% year 1, 3% year 2 and 1% year 3). May pay up to 25% in any year with 21 day advance lender notification.
Loans 7 years or longer: 0 - $25,000 Prime + 4.75%; $25,001 - $50,000 Prime + 3.75%; Over $50,000 Prime + 2.75%
Must be a for-profit business & meet SBA size standards; show good character, credit, management, and ability to repay. Must be an eligible type of business. Plus all loan applications will be credit scored by the SBA. If not an acceptable score, the loan can be submitted via full standard 7(a) or Express.
Prepayment penalty for loans with maturities of 15 years or more if prepaid during first 3 years. (5% year 1, 3% year 2 and 1% year 3)
Loans 7 years or longer: 0 - $25,000 Prime + 4.75%: $25,001 - $50,000 Prime + 3.75%: Over $50,000 Prime + 2.75%
Must be a for-profit business & meet SBA size standards; show good character, credit, management, and ability to repay. Must be an eligible type of business. Small business must be owned and controlled (51%+) by one or more of the following groups: veteran, active-duty military in TAP, reservist or national Guard member or a spouse of any of these groups, or a widowed spouse of a service member or veteran who died during service, or a service connected disability.
Project costs financed as follows: CDC: up to 40% Lender: 50% (Non-guaranteed) Equity: 10% plus additional 5% if new business and/ or 5% if special use property.
Long-term, fixed-asset loans; Lender (non-guaranteed) financing secured by first lien on project assets. CDC loan provided from SBA 100% guaranteed debenture sold to investors at fixed rate secured by 2nd lien.
Bank Loan: 10 year balloon, based on a 20 or 25 year amortization. CDC Loan: 10- or 20-year term fixed interest rate.
Fixed rate on 504 Loan established when the debenture backing loan is sold. Declining prepayment penalty for 1/2 of term.
.5% fee on lender share, plus CDC may charge up to 1.5% on their share.
Alternative Size Standard: For-profit businesses that do not exceed $15 million in tangible net worth, and do not have an average two full fiscal year net income over $5 million.
Owner Occupied 51% for existing or 60% for new construction.
Low down payment - equity (10,15 or 20 percent). Fees can be financed; SBA /CDC Portion: Long-term fixed rate; Full amortization and no balloons.
Loans less than 7 years: $0 - $25,000 Prime + 4.25%: $25,001 - $50,000 Prime + 3.25%; Over $50,000 Prime + 2.25%
90% guaranty (up to $4.5 million maximum guaranty) (Up to $4 million maximum guaranty for working capital)
Term loan for permanent working capital, equipment, facilities, land and buildings and debt refinance related to international trade.
Up to 25 years.
(No SBA fees on loans of $125,000 or less approved in FY 2018) Fee charged on guarantied portion of loan only. $150,001-$700,000 = 3.0%; $700,001-$1,000,000 = 3.5%; plus 3.75% on guaranty portion over $1million, less than 12 months .25%
Plus, engaged or preparing to engage in international trade or adversely affected by competition from imports.
Long term financing to allow small business to compete more effectively in the international marketplace.
90% guaranty (up to $4.5 million maximum guaranty)
Short-term, working capital loans for exporters. May be transaction based or asset-based. Can also support standby letters of credit.
Generally one year or less, may go up to 3 years
No SBA maximum interest rate cap, but SBA monitors for reasonableness.
(No SBA fees on loans of $125,000 or less approved in FY 2018) Fee charged on guarantied portion of loan only. $150,001-$700,000 = 3.0%; $700,001-$1,000,000 = 3.5%; plus 3.75% on guaranty portion over $1 million, less than 12 months .25%
Plus, need short-term working capital for exporting.
Additional working capital to increase Export sales without disrupting domestic financing and business plan.
90% guaranty for loans of $350,000 or less; 75% guaranty for loans greater than $350,000
Same as SBAExpress plus standby letters of credit.
Up to 7 years for revolving Line of Credit including term out period. Otherwise, generally, working capital, machinery & equipment (not to exceed life of equipment) is 5-10 years; real estate is 25 years.
Loans $50,000 or less Prime+ 6.5%; Loans over $50,000 Prime +4.5%
(No SBA fees on loans of $125,000 or less approved in FY 2018) Fee charged on guarantied portion of loan only. $150,001-$700,000 = 3.0%; $700,001-$1,000,000 = 3.5%; plus 3.75% on guaranty portion over $1 million, less than 12 months .25%; Ongoing fee of 0.546%.
Applicant must demonstrate that loan will enable them to enter a new, or expand in an existing export market. Business must have been in operation for at least 12 months (though not necessarily in exporting).
Fast turnaround; Streamlined process; Easy-to-use line of credit.
