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SBA Commercial
Real Estate Financing
Property Acquisition & Refinancing
Remodeling / Construction Loans
SBA Commercial Real Estate (CRE) Financing Programs Provide
Up To 90% Loan-to-Value (LTV) Financing
The Number One Function of the SBA is to Guarantee Loan Programs, providing Longer Repayment Periods to Small Businesses with Marginal Credit.
PURCHASE or REFINANCING
Affordable Lending For All Types of Commercial Properties . . .
“Business Types” Acceptable for Commercial Financing:
Gas Stations
Car Washes
Convenience Stores
Flagged Hotels / Motels
Charter Schools
Day-Care Centers
Vehicle Dealers (NO Boats)
Car/Truck/Vehicle/Service
Funeral Homes (NO Cemeteries)
Salons / Spas / Barber Shops
Restaurants
Bars & Clubs
Oil/Lube Service
Body Shops
SFR Used for Commercial
Bowling Alley
Gyms / Sports Facility
Mixed-Use (50% Commercial)
Self-Storage Centers
R.V. Parks / Campground
Dry Cleaner / Laundromat
Commercial Real Estate (CRE) Loan Property Types:
Churches, Synagogues, Temples
Energy Production & Transmission
Hospitality (Hotels and Motels)
Industrial (Manufacturing, Mining, Distribution)
Land (Developed Lots, Subdivision)
Golf Course,
Marinas
RV Parks
Medical Dr.’s Clinics
Hospitals
Assisted Living Facilities
Long-Term Nursing Facilities
Mixed-Use Properties
Mobile/Manufactured Home Parks
Municipal/Public Works Financing
Office (Building, Condo, Complex)
Owner-Occupied Business
Retail (Malls, Strip Malls, Shops)
Self-Storage Centers
Single-Tenant Buildings
This is accomplished with the SBA 504 loan program.
The SBA 504 loan allows you to easily purchase your existing business/office building (or new property) or build & expand your business with 90% SBA backed financing that includes all the closing costs, so you ONLY need to have 10% all-in!
While many businesses types, such as retail mall stores or business groups working in large downtown skyscraper commercial offices, can’t avoid paying rent to their building’s landlord.
Therefore 70% of U.S. businesses would benefit financially by owning their business’ principal place of business.
Obviously, if you’re currently paying a monthly rent/lease payment, you’re not building equity in that property, nor able to enjoy the benefits of any possible tax write-offs. Thus, you’re likely losing out financially today as well as not receiving the long-term equity and tax advantages.
Think about it . . . how much rent will you have paid-out over the next 10-years? For example, if your monthly rent is $2,000 /month, it’s $24,000 /year – $240,000 in 10-years. Wouldn’t it be much better for you if all those payments were paying for the mortgage on your business/office? Of course, it would wouldn’t it?
That’s a no-brainer, right? Ownership Will Always Be More Profitable Than Renting, so if possible, it just makes good-sense to do whatever it takes to position yourself to stop paying rent and start paying yourself 1st.
How many more years do you expect to be in business . . . 10/years – 20/years – 30/years? Paying-out just $2,000 /month, 10/years = $240,000, and 20/years = $480,000, and 30/years = $720,000 for your benefit.
Wouldn’t it be great to have the equity in your business property included as part of your retirement plan? And, with you knowing that once you purchase the property you’ll immediately start building equity and have much better control of your business’ long-term success, you’ll have established a solid financial foundation.
If you’re currently renting/leasing a location that’s doesn’t want to sell, or you need to relocate into a different location, BBB has Commercial Realtors available to assist you in locating suitable properties.
There’s NO-Cost to you for their professional services in representing you with these purchase transactions.
Below, see our Questions & Answers about the SBA 504 loan program –
Q. How does an SBA 504 loan differ from a conventional loan?
A. SBA 504 loans typically only require 10 percent owner equity (down payment) with financing for up to 90 percent of all eligible costs, including soft costs and closing costs. Conversely, conventional loans offered by traditional lenders will normally only cover 75 to 80 percent of the purchase price or appraised value (whichever is less), requiring business owners to put anywhere from 20 to 25 percent down.
The interest rate on SBA 504 loans is significantly below conventional commercial mortgage rates. SBA 504 loans are structured with a first lien loan covering 50 percent of the total project costs and a second lien loan secured by a 100 percent SBA-guaranteed debenture covering 40 percent of the total project costs.
Q. What can an SBA 504 loan be used for?
A. Some of the most common uses of an SBA 504 loan include: acquisition of existing buildings; refinancing existing conventional commercial loans; acquisition of vacant land, building construction or major renovations; and/or, additions to existing buildings, and purchase of capital equipment.
Q. What are the basic eligibility requirements to qualify for an SBA 504 loan?
A. In order to qualify for an SBA 504 loan, a business must be for-profit and not publicly traded; the tangible business net worth cannot exceed $15 million; the average net income of the business cannot exceed $5 million over the previous two years; and, ownership of the business must generally be comprised of 51 percent U.S. Citizens or Legal Permanent Residents, though some exceptions apply.
Q. What are some examples or types of businesses the SBA 504 loan finances?
A. Examples of the business types that have received financing with SBA 504 financing include: medical offices or facilities; office buildings; warehouses; commercial condos; day care facilities; free-standing restaurants; limited-service flagged hotels, auto repair shops; and, assisted living facilities.
Q. How can a business owner apply for an SBA 504 loan?
A. The first step in applying for an SBA 504 loan with BBB is completing our pre-approval interview and simple application paperwork.
Q. What is the typical turnaround time to process an SBA 504 loan?
A. This is one of the biggest advantages BBB can provide over other lenders. The BBB team is comprised of specialists in SBA 504 lending that have processed thousands of SBA 504 loans for small business owners. A typical SBA 504 loan with BBB can be usually be closed in as little as 40 days.
That’s not all the SBA 504 loan program can do to grow your business. An SBA 504 loan can also refinance your existing conventional commercial loans, or provide funds for major renovations or additions to your existing buildings, and/or the purchase of new capital equipment.
Therefore, the SBA 504 loan is very versatile and can be utilized in several ways to increase your company’s monthly cash-flow, which will inevitably provide additional fresh capital for you to grow your business.
BBB offers SBA 504 and 7(a) loans for businesses nationwide, serving business owners in all 50 states. Every U.S. business that qualifies should take advantage of the SBA 504 loan program to grow their company.
SBA Lending Allows Small Business Owners to Create Great Wealth; Well Beyond Their Individual Net Worth . . . Check it out Today
So, whatever you may need to build and better manage your business, BBB Commercial Financing Has You Covered.
(Purchasing / Refinancing)
Experts with SBA Lending Programs
5-Minute (AUTOMATED) Pre-Qualification
LOW RATES w/ EXCELLENT TERMS
SBA Loans/Grants For Small Business
Congress just passed a $4.5 Billion Dollar Relief Package for Small Businesses, but this money will go fast, so YOU HAVE TO ACT NOW TO GET IT...
Money for the original Payroll Protection Plan (PPP) ran-out quickly, and now many banks and lenders have stopped taking applications, but BBB is accepting New Applications, which will be assigned to the SBA for this next round of relief funding.
This way, you'll get funding faster. That's because you signed-up sooner, and this money is available on a FIRST-COME FIRST-SERVE BASIS, so you'll be nearer to the front-of-the-line when the new relief money is distributed
The SBA has both GRANTS & LOANS for Small Business owners. Loan Interest Rates are less than 1% interest and Grants never need to be repaid.
These special GRANTS provide an "emergency advance" of up to $10,000 to small businesses and private non-profits harmed by COVID-19 .
The advance does not need to be repaid under any circumstance, and may be used for business purposes, such as payroll or paying sick leave, or paying business obligations, like debts, rent and mortgage payments. (See p. 28, Section 1110(e)(5) of H.R. 748 (CARES Act))
Contact BBB Commercial Financing
