Small Business Loans

With a range of loan options available, the Small Business Administration (SBA) has you covered. 

CMB Solutions can guide you through the financing options best suited to your needs, including the two popular programs: 

7 (a) and 504. 

Each program has its own distinct advantages for buying a business, depending on the facility, business type, and funding structure required.

What is a 7a Loan?

The maximum loan amount for a 7(a) loan is
$5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates.

The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements. This is the best option when real estate is part of a business purchase, but it can also be used for: 

  • Short- and long-term working capital 
  • Refinance current business debt 
  • Purchase furniture, fixtures, and supplies

     

How do I use the 7(a) loan?

Basic uses for the 7(a) loan include:

What is a 504 Loan?

The 504 Loan Program provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation.

The maximum loan amount for a 504 loan is $5.5 million. For certain energy projects, the borrower can receive a 504 loan for up to $5.5 million per project, for up to three projects not to exceed $16.5 million total.

 

How do I use a 504 loan?

A 504 loan  can be used for a range of assets that promote business growth and job creation. These include the purchase or construction of: 

  • Existing buildings or land 
  • New facilities 
  • Long-term machinery and equipment
 

Or the improvement or modernization of: 

  • Land, streets, utilities, parking lots and landscaping 
  • Existing facilities 
 

A 504 loan  cannot  be used for: 

  • Working capital or inventory 
  • Consolidating, repaying or refinancing debt 
  • Speculation or investment in rental real estate

Advantages

• Up to 90% bank financing
• Minimal collateral requirements financing
• Fully amortized/no balloons financing
• No pre-payment penalties for loan terms under 15 years
• Three year pre payment penalty for loans with a term greater than 15 years

Loan Purposes

• Business/practice purchase
• Partner/manager buyout
• Expansion through acquisition
• Real estate purchase including ground-up construction and tenant improvements
• Refinance existing business debt
• Purchase equipment taxes

Who's a Good Fit?

• Profitable existing business
• Acceptable debt service coverage
• Good personal credit score (650 minimum)
• For-profit business
• Two-year average net profit after taxes
• Located in the United States

Program Overview

Program Overview

Loan Amount:
$250,000 to $50 Million
Term Length:
6 – 36 Months
Max LTV:
Up to 75%
Amortization:
Interest Only

Loan Use:

  • Purchase
  • Refinance
  • CashOut
  • Construction
  • Renovation
Interest Rate:
Request A Quote

Closing Time:

Term Length:

Pros About Commercial Bridge Loans:

What Do I Need To Qualify?

  • Simple… Equity in the property!
  • Origination Fee: 1.50% + of the loan amount
  • Processing Fee: Based on Project Size
  • Underwriting Fee: Based on Project Size
  • Prepayment Penalties: None! (3+ months of minimum interest earned)

Required Documents For Closing

Property Documents

Purchase Contract
Payoff Statement (if Refinance)
Rent Roll & Leases
Renovation Budget (if Rehab)

Personal Documents

Loan Application
Track Record / Experience / SREO
Last Month's Bank Statement
Drivers License and/or Passport

Business Documents

Articles of Incorporation
Operating Agreement (LLC) or Bylaws (Corp.)
EIN Letter

Is a Commercial Bridge Loan Right For Me?

Benefits of our Commercial Bridge Loans:

  • Close in 14 Days
  • Up to 75% LTV
  • No Income Documentation
  • No Occupancy Requirement
  • Low Credit Requirement
  • No Prepayment Penalty

Loan Fees And Costs

Origination Fee: 1.50% + of the loan amount

Processing Fee: Based on Project Size

Underwriting Fee: Based on Project Size

Prepayment Penalties

None! (3+ months of minimum interest earned)

Eligible Properties for Commercial Bridge Loans

Industrial

Industrial is property classification used for manufacturing, production, and storage facilities. At Capital Funding Financial, we will lend to real estate investors looking to purchase or refinance industrial properties with loan amounts of $250,000+.

Retail

Retail is any property used for commercial retail space such as a storefront for selling goods or services. Capital Funding Financial will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.

Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Capital Funding Financial, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.

Office

Office is a property classification which generates income from tenants comprised of businesses and professionals. Capital Funding Financial will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.

Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Capital Funding Financial, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.

Hospitality

Capital Funding Financial will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.

Approval Process

Approval Process

The approval process for a commercial loan typically involves a comprehensive evaluation of the borrower’s financials, creditworthiness, and the value of the property being financed. The process may also involve an appraisal of the property, review of relevant legal documents, and due diligence to ensure the borrower’s ability to repay the loan.

  • Submit Application

  • Loan Approval

  • Validation & Title

  • Underwriter Final Review

  • Prepare for Closing

Approval Process

Close in as little as 7 – 14 Days! From start to finish in 5 easy steps!

Step

1

Submit Application

Step

2

Loan Approval

Step

3

Validation & Title

Step

4

Underwriter Final Review

Step

5

Prepare for Closing

If You Need Help Or Have Question, Get A Consultation

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat