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SBA
LOANS AND MORTGAGES
COMMERCIAL MORTGAGES CALIFORNIA
SBA LOANS
ORANGE COUNTY, SAN DIEGO, LOS ANGELES, SAN FRANCISCO, SAN JOSE
.

WELCOME SMALL BUSINESS OWNERS
NEED AN SBA LOAN?
- FREE LOAN ANALYSIS

We currently originate SBA loans for long term/short term working capital, real estate purchases & refinance, business acquisition, debt refinance, tenant improvements and the acquisition of machinery & equipment. Loan amounts range from $100,000 to $5,000,000. Financing is available up to a 90% LTV. Interest rates will range from 4.35% to 6.25%. The lending area is primarily California with consideration for out of state opportunities on a case by case basis.

We Do Great Commercial Lending!
"Commercial Real Estate
LOANS IN CALIFORNIA"

We Secure Financing for
SBA EQUIPMENT AND BUILDING LOANS

PURCHASE AND REFINANCING OPTIONS:
UP TO 10 YEARS FIXED RATE AND 30 YEAR AMORTIZATION

Thank you for your interest in our commercial real estate products. Our loan officers have extensive experience in business development, finance, credit administration, policy writing, underwriting, special assets-commercial loan workouts, risk management and research & development. Our primary goal is to make sure that clients are 100% satisfied with the products and services that are delivered. We want our clients to have access to the most competitive rates and terms so that it achieves their financial goals.

Common Commercial Real Estate (CCRE) originates commercial real estate and small business loans for investors and small business owners throughout California as well as nationwide. We provide investors and small business owners access to the most competitive financing through prominent national & regional banks, credit unions and private lenders.

For commercial real estate loans we can secure financing for purchases and refinances of existing loans up to $15,000,000. We will provide competitive loan products for a full range of properties, including apartments, retail/shopping centers, office, industrial, single-tenant net lease, medical and special purpose. Fixed interest rates are offered at the periods of 3 years, 5 years, 7 years and 10 years. Depending on the property type, loans can be amortized for up to 30 years. Some of the lenders that we work with offer low origination fees and no pre-payment penalties.

For small business owners, CCRE can secure revolving lines of credit (secured & unsecured) from $50,000 up to $2,000,000; equipment term loans up to $1,500,000; fixed rate commercial real estate loans up to $15,000,000; and SBA loans up to $5,000,000.

Is a SBA Commercial
Loan right for you?

*Commercial Loan Uses

Commercial Real Estate Purchase Commercial Real Estate Refinance
1031 Exchange
Small Business Loans for Property and Equipment

Business Acquisition
Business Expansion
Purchase Equipment
Lines of Credit
Long-Term Working Capital
Debt Refinance

WE MAKE LOANS INCLUDING:

SBA LOANS
COMMERCIAL PROPERTY REFINANCE LOANS
INVENTORY FINANCING LOANS
SBA BUSINESS LOANS

Call Us Today (949) 354-2485

ABOUT SBA LOANS:

The US Small Business Administration 504 Loan or Certified Development Company program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery, at below market rates. As part of its mission to promote the development of businesses, the SBA offers a number of different loan programs tailored to specific capital needs of growing businesses. The 504 program works by distributing the loan among three parties. The business owner puts a minimum of 10%, a conventional lender (typically a bank) puts up 50%, and a so-called Certified Development Company (CDC) puts up the remaining 40%. Certified Development Companies are established under the 504 code as non-profit corporations set up to support economic growth in their local areas. There are a few hundred such CDCs nationwide.[needs update] The maximum amount of the loan is $5 million ($5 million for meeting SBA-defined policy goals, and $5.5 million for manufacturers and some energy-related policy goals), and if the borrower defaults, the private sector lender is paid off first, reducing the risk to the lender and encouraging loans.[needs update]

Eligibility

In order to qualify for the program, the borrower must meet the SBA's definition of small business and must plan to use over half (51%) of the property for its own operations within one year of ownership; if the building is to be newly constructed the borrower must use 60% at once and plan to occupy 80%. The borrower may form a real-estate holding company that lease 100% to the operating business, which then subleases surplus space (up to 49%). To qualify for this program, U.S. citizens or permanent residents must hold a majority of the ownership of the operating companies and the holding company. As of 2009, the 504 Loan does not contain any restrictions or ceilings; however, there are three criteria for eligibility:

  • The company's average net income cannot surpass $5 million after taxes for the preceding two years.
  • The anticipated project size must be greater than the personal, non-retirement, unencumbered liquid assets of the guarantors/principals.
  • Does not have a tangible net worth in excess of $15 million.

Structure

There are three partners in an SBA 504 loan—the borrower, a bank or other regulated lender, and a CDC. Typically the borrower must contribute 10% of the total project cost; their bank lends 50% at their own rate and term (as long as the term is at least 10 years), and has a first lien on the assets being financed; and the CDC lends 40%, with a second lien. If the financing is for real estate, as most 504 loans are, the CDC's loan is for twenty years at a fixed rate of interest. The fully amortized rate for loans funding in August 2010 was 4.931% (the number changes based on the rate for current 5-year and 10-year US Treasury issues). The funds for these loans are raised through a monthly auction of bonds that are 100% guaranteed by the U.S. Government. If the financing is for long-lasting fixed equipment such as printing presses, commercial laundry equipment, manufacturing equipment, etc., the 504 loan term is 10 years.

If the borrower's company has less than two consecutive years of operating history or if the building or assets to be financed are considered "special purpose" (e.g., gas stations or some medical clinics), the borrower must increase their contribution by 5% for a total of 15%, and the CDC lends 5% less for a total of 35%-- in cases where the borrowers meet both of these conditions, they must increase to 20%, and the CDC lends 30%.

Total project costs can include the costs for land and existing building or equipment; hard construction/renovation; fixtures and equipment; certain furniture; professional fees including appraisals and environmental investigations; soft costs; and closing costs. Project costs can usually be financed in their entirety with a 504 loan, whereas most commercial bank loans only finance a percentage of the purchase price/appraised value and borrowers would have to come up with closing and soft costs out of pocket. If borrowers later decide to sell their property, 504 loans are assumable.

References

  1. ^ Vance, David E. (2005). Raising Capital. Springer. p. 64. ISBN 978-0-387-25319-0. 
  2. ^ Tyson, Eric; Jim Schell (2008). Small Business for Dummies (3 ed.). Wiley. p. 88. ISBN 978-0-470-17747-1. 
  3. ^ http://sba.gov/
  4. ^ http://www.sba.gov/financialassistance/borrowers/guaranteed/CDC504lp/index.htm
  5. ^ "If You're Considering an SBA Loan, Read This First". 2015-04-06. Retrieved 2016-07-25. 

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SBA LOANS ORANGE COUNTY CALIFORNIA, SBA EQUIPMENT LOANS CALIFORNIA

SBA LOANS CALIFORNIA