COMMERCIAL / SBA LOANS

1st Nationwide - Business Loans:
Commercial and Small Business Acquisitions:

 
Our Brokerage provides a variety of services, including the sale or purchase of a commercial property.   We specialize in loans for Veterinary hospitals, Loans for Small Clinics, Day spas & gas stations.  In some cases, certain businesses 10% down payment would be accepted. 
 
Financing options: 

STARTER COMMERCIAL CONSTRUCTION FOR RESIDENTIAL PROPERTIES
  • In most cases, Construction Loan-to-Value and Loan-to-Cost parameters are as follows:  Non Owner occupied
    Loan amount $500,000 - $2,000,000 – LTV 75%; LTC 75%
    Loan amount $2,000,001 - $3,999,999 – LTV 70%; LTC 75%
    Loan amount $4,000,000+ - LTV 65%; LTC 70%
  • Can take title in Corporation or LLC
  • Short term financing 12 to 18 mo
  • Business plan, estimated cost from builder required
     
HSBA 504 LOAN USED FOR COMMERCIAL 
             
  • Business net worth & Eligibility not to exceed $15 million Average net profit after taxes, 3 consecutive years not to exceed $5 million 
  • Loan term 20 & 10 years fully amortized – equipment loan ( No balloon payments) 
  • Loan structured program:  50% Bank loan, 50% Down payment
  • Seller carry back allowable - case to case basis
  • ​Loan may be used for the following:  Purchase of an existing building, land acquisition, ground up construction, Expansion of existing building.  You may Finance building improvements and Purchase equipment. 
SBA 7(a) LOAN GENERAL PURPOSE
       Loan Size  $50,000 to $5 million
  • Business net worth & Eligibility:  Determined by industry type annual sales not to exceed range of $750,000 to $33.5 million for retail, service and agriculture. 
  • Loan term up to 25 yrs for Real Estate and 10 yrs for equipment.
  • Seller carry back allowable - case to case basis
  • Loan structured min 10 yrs:   Negotiable depending on risk factors.
  • Loan may be used for the following:  Expand, acquire, purchase, refinance, construct  leasehold, purchase inventory or buy equipment.
   
Both loan types require 51% owner occupancy for existing building, 60% owner occupancy required for new construction.  All assets financed must be used to the direct benefit of the business, Collateral is the subject assets acquired by loan proceeds. Personal guaranties of the principal owners of 20% or more ownership are required. Management resume in addition to other documentation is required.  
 
Guidelines subject to change, some restrictions may apply
 
 


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