SBA 7a Business Owner Loan

Please complete our Loan Request Form, this will help us understand your needs and better assist you.

The SBA 7a loan is one of the most reliable programs in the industry. The benefits of the SBA commercial loans for business owners are numerous including 90% financing on purchases and refinances. Another is that this loan has some of the most flexible underwriting guidelines available. For example, Debt Coverage Ratio's of 1:1 are allowed. Most commercial mortgages, in contrast, require a minimum debt coverage ratio's of a 1.25. So with a 7a loan, your business can have lower cash flow and still get your loan closed. Credit scores as low as 650 are acceptable as well.

The use of the loan proceeds are another major benefit of the program. Borrowers can use the loan to rehab or do ground up construction, refinance existing debt (which often results in drastically improved cash flow), buy equipment and roll in working capital. All within the same loan...

Rate is normally Prime + 2.25% – 2.75%. And again with the highest level of financing in the business at 90% loan to value on purchases AND up to 90% loan to value on refinances.


SBA 7a - Details:

• CURRENTLY NO SBA GUARANTEE FEE
• Can use program to refinance existing debt
• Rates as low as 5.25%
• 25 year amortization schedule
• $250,000 - $2,000,000 loan amounts
• Up to 90% loan to value, cash out or rate and term refinance...
• No small town population restrictions
• Need 51% or more owner occupied
• Minimum 650 credit score (Most banks will not fund loan request with this low of credit score - we know who will)

Take advantage now of the SBA 7a loan program designed for business owners. Get preapproved on your SBA commercial loan now by filling out our Project Summary Form (takes less than 5 minutes to fill out). Or call us to see how we can help you get your loan CLOSED.



Crossroads Financial Group, Inc.
Call us: 888-263-1440