The Small Business Administration (SBA) offers a variety of loan programs that are designed to help profitable small businesses access the capital they need to grow and succeed.
One of the most popular SBA loan programs for commercial real estate is the 504 loan program. This program provides long-term, fixed-rate financing for the purchase or construction of owner-occupied commercial real estate. The loan is made up of two parts: a first mortgage from a bank or private lender and a second mortgage from a certified development company (CDC).
The benefits of an SBA 504 loan include low down payments, long repayment terms, and competitive interest rates. Additionally, the loan can be used to finance up to 90% of the project costs, including the purchase price, closing costs, and renovations.
Another popular SBA loan program for commercial real estate is the 7(a) loan program. This program offers flexible financing for a wide range of business purposes, including the purchase or refinancing of commercial real estate. The loan can be used for up to 90% of the project costs, including working capital, and offers long repayment terms and competitive interest rates.
Find the right commercial real estate financing with StackSource by getting instantly matched to the best SBA loans for your project from our nationwide network of capital sources. Our expert Capital Advisors help you secure your ideal capital stack, resulting in a lower cost of capital for your investments in less time and with more transparency than a traditional commercial mortgage brokerage.