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Loan Type: SBA 7a

Small Business Administration backed loans provide small business owners with more financing opportunities through higher leverage, flexible underwriting and lower down payment requirements.

Summary:

Product Type:

Owner-Occupied SBA 7a

Property Type:

Community lending program to improve the locality for almost any business in the U.S.

Loan Amount (min/max):

$250,000 to $2MM

LTV (max):

90%

Amortization / Term:

20/20

Minimum FICO:

680

Minimum DSCR:

1.10x

Non-Eligible:

Ground Lease

Cash-out:

N/A

Collateral:

Real Property

Full Program Guidelines

Expedite your loan closing!

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Demonstration




Daily FHLB 1/6/09
Prime Rate 3.25%
90-day LIBOR 1.42%
6-Month LIBOR 1.79%
5-Year FHLB 3.43%
7-Year FHLB 4.32%
Weekly SWAP 1/6/09
5-Year SWAP 2.10%
7-Year SWAP 2.31%
10-Year SWAP 2.51%
Daily SWAP 1/6/09
2-Year SWAP 1.50%
5-Year SWAP 2.17%
10-Year SWAP 2.61%
Other Rates 1/6/09
SBA 504
Debenture Rate
7.171%
NMTC
25-Yr Fixed
0%
 
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