SBA 7a Loan Fees The Small Business Administration announced new SBA loan fees for SBA 7a Loans in September of 2022. This is the first change to the fees in many years and they are a lot less than they were previously for loans of $1 million or … [Continue reading] about SBA Loan Fees
How To Finance an RV Park with No Money Down
Can you really finance an RV Park (or any other "business property") with no money down? The answer re: 100% financing for an RV Park has 2 responses: "yes" and "kinda/sorta." The answer for many other types of small business property is … [Continue reading] about How To Finance an RV Park with No Money Down
Can You Refinance an SBA Loan?
Yes. You can absolutely refinance an SBA loan in spite of what you might have read before you found this blog ;). You can even refinance an SBA loan with another SBA loan due to a recent rule change that allows lenders to refinance an SBA 7a … [Continue reading] about Can You Refinance an SBA Loan?
SBA Commercial Real Estate Loan
An SBA commercial real estate loan can be an exceptional value for a small or medium-sized business. SBA real estate loans are for "owner-occupied business real estate," which means that the business you own and operate must "owner occupy" at … [Continue reading] about SBA Commercial Real Estate Loan
SBA Now Making Only 3 Months Payments For Borrowers
The SBA announced today that they will only be paying 3 months of principal and interest payments on new loans approved by Sept 30th, 2021. They had previously announced they would make first 6 months of payments until the money ran out. … [Continue reading] about SBA Now Making Only 3 Months Payments For Borrowers
SBA Loans for E-Commerce & Online Businesses
Can you use an SBA loan to buy an online business? Yes, and if that is your goal it will help if you can show the following: Good personal credit Relevant Experience 5% or 10% cash Down Payment* No Recent "Character" issues The … [Continue reading] about SBA Loans for E-Commerce & Online Businesses
SBA Real Estate Loans
If you need a business real estate loan then it is hard to find a better value than SBA real estate loans - especially at the moment given the additional incentives provided by the small business stimulus recently passed by Congress. SBA real … [Continue reading] about SBA Real Estate Loans
SBA Loan Fee Waiver & Economic Stimulus of 2021
For the second time in 10 years there is an SBA loan fee waiver. After the last Recession Congress passed an Economic Stimulus bill to help small businesses get financing they needed to either sustain or expand their businesses. Due to the … [Continue reading] about SBA Loan Fee Waiver & Economic Stimulus of 2021
What is the Maximum SBA Loan Amount?
What is the maximum SBA loan amount? The answer: "It depends." It could be $5 million, $10 million or $15+ million. It depends on whether you are financing a building, commercial property, expensive equipment or the purchase of a business. … [Continue reading] about What is the Maximum SBA Loan Amount?