As a small business, one of the biggest costs you’re going to face is real estate. Due to its terms, the SBA 7a loan is a great option to help you refinance or purchase your commercial property. They cannot be used for investment properties however. Depending on the loan amount you need, you may also want to consider an SBA 504 loan for your property.
Whether you are looking to modernize and refurbish your commercial or retail property or expand your business to new locations, our nationally ranked SBA team can help you find the small business loan that works for you. Get in touch with one of our SBA Business Development Officers today!
SBA 7(a) Commercial Real Estate (CRE)
- Fully amortizing, as high as 25 years
- Variable or fixed rate options indexed to Prime
- Eligible Purposes:
- Owner-occupied CRE purchase
- Owner-occupied CRE refinancing