Benefits of an SBA Loan:
• Longer Maturities - Up to 25 years for Real Estate
• Lower Equity Requirements As low as 10% down for purchase of Real Estate
• Lower Debt Service Coverage Requirements
• Less Restrictive Collateral Parameters

Typical Qualifying Guidelines:
1. Company in Business for at Least One Year
2. Debt Service Coverage of at least 1.25x for the Last Fiscal Year
3. Management Capability
4. Good Personal Credit on anyone owning more than 20% of the Company
5. Size of borrower varies depending on Industry, generally revenues of $5 million or less for Retail and 500 employees or less for Manufacturing
6. Loan Size $100,000 to $2 million for Non-Real Estate purposes and up to $4 million for Real Estate

Two Programs are offered by the SBA including:
• 7(a): Real Estate and/or General Purpose Needs
• 504: Real Estate

What kinds of loans will the SBA Guarantee?
1. Purchase of Owner Occupied Real Estate
2. Construction and Expansion of Business Premises
3. Purchase of Machinery and Equipment, Furniture and Fixtures, and Leasehold Improvements
4. Business Acquisition
5. Debt Refinancing
6. Working Capital

SBA Real Estate Loans
Purchase of Existing Real Estate:
1. New Construction 7(a) and 504: Owner must occupy 60% usable space immediately and may lease up to 20% long term. Reasonable growth projections must support borrower's plan to begin occupying the remaining space within 3 years and must occupy the remaining space within 10 years.

2. Existing Building: Owner must occupy 51% of usable space. Circumstances of the business and/or real estate conditions may justify a grace period of up to 1 year to meet occupancy requirements.

Cash Injection:
• 7(a): Minimum Cash Injection of 10%. May be able to use other collateral (i.e. equipment) in lieu of cash injection.

• 504: Minimum Cash Injection of 10%. An additional 5% is required if the applicant is a start up business or the property is considered Single or Limited Use.

Competitive Variable and Fixed Rates Available.