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SBA Loan Comparison >SBA 7A Loan

The SBA 7a loan program can meet a variety of your business loan needs and with minimal down payment requirements, allowing you to leverage your business’ capital.

• Loan proceeds can be used to:
  • Purchase, refinance or construct 51% owner-occupied commercial buildings
  • Purchase equipment and inventory, expand and/or renovate facilities and provide working capital
  • Purchase land or buildings, construct commercial buildings, expand or renovate facilities, and to purchase machinery, equipment, fixtures, and leasehold improvements
  • Finance inventory, supplies, raw materials, working capital, and in some cases refinance existing debt. Down payment towards the purchase of real estate can be as little as 10% to qualified borrowers. There are specific rules regarding the refinance of existing debt.

• SBA 7a loans provide for fully amortized maturities up to 25 years. Through our partnership with the SBA, Sterling can provide up to 90% financing for the purchase of Commercial Real Estate and up to 100% financing for debt refinance and all other business financial needs.
  
  
• The SBA 7a loan program can often meet the needs of new businesses and borrowers in special purpose industries and real estate who often have difficulty qualifying for commercial conventional real estate financing. The fully amortized loan terms up to 25 years provide the longer repayment terms often required to service the proposed debt with available cash flow.

Features	SBA 7a Loan
Use of Proceeds	Acquisition, Construction/Renovation, Refinance, Working Capital Equipment
Maximum Loan Amount	$2,000,000
Interest Rate	Fixed or Variable tied to Prime
Maximum Loan to Value on Core Collateral	100%
Loan Terms	10-25 Years Fully Amortized
Prepayment Penalties	For the First Three Years on Terms Over 15 Years
Points	0.85% to 2.63% Depending on Loan Amount
Fees	$950 Loan Documentation Fee

Contact your local SBA loan office today. We’ll get you on your way to a loan that’s just your size.