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 Loan for Online Business
If you are looking for an SBA loan for an online business 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 "right" amount of … [Continue reading] about SBA Loan for Online Business
Business Real Estate Loan
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 Business Real Estate Loan
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 or expensive equipment or if you are financing … [Continue reading] about What is the Maximum SBA Loan Amount?
SBA Loan with Bankruptcy
Can You Get An SBA Loan with a Bankruptcy? YES, you can get an SBA loan with a past bankruptcy. Generally speaking, a previous bankruptcy would need to have been discharged for at least a few years before you could hope to qualify for an SBA … [Continue reading] about SBA Loan with Bankruptcy
Self Storage Construction Loans
Self Storage Construction Financing Self storage construction loans are possible via the SBA real estate loan programs at 90% loan to cost up to approx $9 million*, 85% loan to cost above $15 million and in some cases, 80% loan to cost to approx $20 … [Continue reading] about Self Storage Construction Loans
Fixed Rate Commercial Mortgage Loans – 25 Years
Commercial mortgage interest rates rise and fall with economic conditions, but if you own a successful small business you might qualify for a 25 year fixed rate commercial mortgage and be able to rest easy in times of rising rates. Fixed Rate … [Continue reading] about Fixed Rate Commercial Mortgage Loans – 25 Years
RV and Boat Storage Facility Financing
RV and Boat Storage Facility Loans Boat and RV storage facility financing, including ground up construction, is available with as little as 10% down via the SBA 7a program. The SBA 504 program allows 10% down for acquisitions and 15% for new … [Continue reading] about RV and Boat Storage Facility Financing