Maximum Leverage
Up to 90% LTV / LTC
Commercial Property Financing Options
SBA Loans for Commercial Real Estate
SBA Financing for Commercial Real Estate
$300K to $5MM
Loan Amount
9.5%
Starting Rate
25-Year Term
Max Real Estate Repayment
SBA Financing for Commercial Real Estate
Why Consider an SBA Loan Through NC?
Project Eligibility
Purchase, refinance, rehabilitation, and ground-up construction projects
Owner-User Businesses
Owner-user businesses considered
Rate Options
Fixed and variable rate options
Qualifying SBA loan programs may be available with no lender points.
SBA Loan — How It Works
The SBA 7(a) Loan Program
The SBA 7(a) Loan Program is the Small Business Administration's primary business lending program. It provides financing options for eligible businesses seeking to purchase, refinance, renovate, or construct commercial real estate for their own business operations.
The maximum loan amount for an SBA 7(a) loan is $5 million.
Eligibility is generally based on factors including the business's source of income, credit history, and operating location. NC can help borrowers explore SBA financing options available through lending partners based on their specific needs.
SBA 7(a) Financing Uses
How SBA 7(a) Financing May Be Used
SBA 7(a) financing may be used for:
Acquiring, refinancing, or improving real estate and buildings
Short-term and long-term working capital
Refinancing existing business debt
Purchasing and installing machinery and equipment
Purchasing furniture, fixtures, and supplies
Complete or partial ownership changes
Multi-purpose loans that include any combination of the above
SBA 7(a) Eligibility Requirements
Qualifying for SBA 7(a) Loan Assistance
To qualify for SBA 7(a) loan assistance, businesses must generally:
Be an operating business
Operate as a for-profit business
Be located in the United States
Meet SBA small business size requirements
Not operate as an ineligible business type
Be unable to obtain the desired credit on reasonable terms from non-Federal, non-State, or non-local government sources
Demonstrate creditworthiness and the ability to repay the loan
Typically have a satisfactory FICO score above 680
Provide a feasible business plan
Provide 3 years of personal tax returns
Provide 3 years of business tax returns (unless a start-up)
Repayment
How Is an SBA 7(a) Loan Repaid?
Repayment terms vary depending on several factors, including the purpose of the loan and the borrower's qualifications.
Most SBA 7(a) term loans are repaid through monthly principal and interest payments using business cash flow.
Fixed-rate loans generally maintain the same payment amount because the interest rate remains constant.
Variable-rate loans may have payment adjustments if the interest rate changes.
SBA Loan Terms, Fees & Additional Details
SBA Loan Amounts, Rates, Terms & Fees
SBA Loan Amounts
SBA 7(a) loans are available up to a maximum amount of $5 million.
SBA Loan Rates
Interest rates for SBA 7(a) loans are negotiated between the borrower and lender but are subject to SBA maximum limits. Rates are generally based on the prime rate and may vary depending on factors such as business type, location, experience, and other qualifications.
SBA Loan Terms & Maturity
Maximum Repayment Terms by Financing Purpose
Maximum repayment terms for SBA 7(a) loans depend on the purpose of the financing:
Real Estate
25 years
Equipment
10 years
Working Capital
7 years
SBA Loan Fees
SBA Guarantee Fee Structure
SBA loan fees are based on the guaranteed loan amount and the loan maturity. In some cases, fees may be included in the overall loan amount.
The SBA charges a guarantee fee that begins at 3% of the guaranteed loan amount, which is based on 75% of the total loan amount requested.
Guarantee Fee Starting Rate
3%
Guaranteed Portion of Loan
75%
All SBA financing is subject to SBA program requirements, lender underwriting, approval, and applicable lending partner guidelines.
Explore SBA Financing
Whether you are purchasing, refinancing, renovating, or constructing commercial real estate for your business, NC can help you explore SBA lending options through participating SBA lenders.
Contact NC to discuss your project and learn more about potential SBA 7(a) financing options for your business.
Request a Financing Consultation Today
Tell us about your business and explore available SBA 7(a) financing solutions for your commercial real estate goals.
Contact NC today to discuss your SBA financing needs.
Contact NC Today