Tuesday, April 10, 2012

SBA Loan Program (504)

Loan Terms:

Loan Limits:                   $500k - $10M (higher case by case)
Recourse:                     Personal and Corporate
Loan Types:                  Purchase, Refinance, Construction
Max LTV:                     90%
Occupancy Type:          Owner Occupied (Min 51%)
Territory:                     Nationwide
Property Types:            All Commercial Properties
DSCR Minimum:            1.0
Credit Needed:             660
Interest Rate:              4.0 - 7.0%
Amortization:                20 - 25 - 30
Loan Term:                 3-5-10-15 year fixed or qtrly adjustable
Loaan Points:               1 - 2
Pre Pay Penalty:           Declining