SBA Loans for Real Estate
Are you a business owner looking for a SBA Loans for Real Estate or Commercial Property Loan for your business?
SBA Loans can provide you with a good terms on a business loan to expand your business, purchase additional real estate, build on to your existing facility or property. SBA loans are also a good funding source for buying out competitors.
If you need $500,000 to $40 million dollar for a real estate project, business expansion or business acquisition, we have several lenders that might be a match for you. We have partners for SBA Loans and Conventional Commercial Real Estate Loans.
As of January 2022, we are still seeing very reasonable rates, in the 3.5% to 7%. This will depend on your industry, project and financial profile.
If you need an SBA real estate loan and need it financed quickly, we have SBA lending partners who can get you SBA funds typically in 4-5 weeks. Generally, these will be very good SBA terms. For most commercial property loan deals, expect 8 weeks.
If your looking for a business loan in the Midwest (Indiana, Illinois, Ohio, Michigan Kentucky) , Georgia, or North Carolina, we often can get conventional real estate financing that can save you fees, time and paperwork.
We have relationships with some very friendly lenders who will lend at good rates for rural, gas stations, hotels, entertainment centers and more.
Foresight Business Funding and bizfundfirst.com prides ourselves on being:
- PROBLEM SOLVERS
- UP TO 93% LTV
- NO ADDITIONAL COLLATERAL AT OR BELOW 85% LTV
- HANDLE CHALLENGING CREDITS AND PROJECTION BASED LOANS
Some of the industries we have seen funded with good business loan terms:
- Gas Stations and convenience stores with real estate
- Day Cares
- Liquor stores
- Industries the typical banks like.
Here some examples of projects that have been funded by SBA Loans for Real Estate, in the past 12+ months:
Light Manufacturing Company: $4.75 million for construction of new building and new equipment so they could increase orders and obtain larger orders.
Family Recreation Center: $1.3 million to purchase an existing retail structure, rehab into new facility. Owner had challenged credit, but successful history of owning these type of businesses.
Gas Station: $950,000 to purchase existing gas station/convenience store in an up and coming, growing Suburb.
Liquor Store Acquisition: $1.65 million. Existing business with real estate.
Rates and Terms vary because of Geography, Borrower Experience, Borrower cash and credit.
Items to Consider:
- SBA Loan and Conventional Loan amounts from $500,000 to $20,000,000 (up to $40mil with private money)
- LTV from 80%-93%
- No additional Collateral under 85% LTV
- Rates: 3.5%-7%*
- Repayment terms from 10 yr to 25 yr
- Fundings 5 to 8 weeks*
- Most Industries Accepted
- Gas Station, Liquor, Hotel, Motorsports, Daycare, development projects, multifamily
- Consider Challenged Credit (varies by lender)
- Startups Ok
- Projection Based Loans
- Rural Properties (Midwest, GA, North Carolina) USDA funding coverage for all USA
- Multiple Lender Types to Fit your Industry and Geo
- Bank, Institution, Private Lenders
- Items needed: P&L, Balance sheet, 3 yr tax returns or Business Plan Projections for startups
*Varies on underwriting, type of project and lender.
Call (317) 589-0118 or Bizfunder.com/schedule if you have questions or would like to discuss your project.
Contact us with general questions.
Midwest Businesses seeking Commercial Real Estate Loans:
If you’re a Midwest Business, considering a business expansion or real estate project in a rural area. We have several Midwest Based Institutions who will lend in places where the big SBA lenders won’t.
Even if you are a startup or have dinged credit, in the Midwest, we have lending partners who will look at your Business plan and track record and consider your deal. If the deal looks right, they will fund you.
You’re business plan must make sense. They’re flexible with credit, they’re flexible startups. Current terms are in the range of 10 and 25 year terms at 3.5 to 7%