MORTGAGE
BANKERS specializes
in Government loans for small businesses.
The two loan types that are offered include:
u SBA
7(a) program which can include working capital, equipment and
tenant improvements, in addition to real estate; and
u SBA
504 program for the purchase of industrial and commercial real
estate.
SBA LOAN PROGRAM
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QUALIFIED
PROPERTIES OWNER/USER
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Loan Size: |
Up to 3,500,000 |
· Commercial |
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Rate: |
Prime plus |
· Office, Medical and Industrial Condominiums |
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LTV: |
90% |
· Industrial |
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Term: |
25 years |
· Motels and Hotels |
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Amortization: |
25 years |
· Restaurants |
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Loan Fee: |
NONE |
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Improvements on leased land
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Prepay Penalty: |
NONE
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·
Franchise specialty
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The borrower must occupy a minimum of 51% of an existing structure |
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or 67% if you construct your own building |
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