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Compare SBA Loans

Features SBA 504 Real Estate Loan Program SBA 7(a)
For more information call 1-866-UB-LOANS.
Eligibility
  • Existing, for-profit business
  • Tangible business net worth of less than $15 million; net profit after taxes $5 million or less
  • Personal liquidity less than 100% of total project cost
  • Business must occupy at least 51% of space in existing facility being purchased or at least 60% of space in new facility being constructed
  • For-profit business
  • Size qualification varies by industry as required by SBA standards
  • Business must occupy at least 51% of space in existing facility being purchased or at least 60% of space in new facility being constructed
Business need
  • Acquisition or refinance of owner-occupied commercial real estate
  • Acquisition or refinance of major long-term equipment
  • Tenant improvements
  • Equipment, machinery purchase
  • Commercial real estate acquisition
  • Franchise purchases
  • Business expansion and acquisition
  • Long-term working capital needs
  • Debt refinancing
Loan amount Project sizes up to $15 million
  • $250,000 to $5 million
  • $5.5 million for manufacturers of green projects
Loan terms
  • Union Bank: first trust deed loan amortized for 25 years, maturing in 10 years, or first trust deed fully amortized for 15 years for 50% of project
  • 20-year fixed interest rate second trust deed held by the SBA for 40% of project
  • Equipment/machinery: up to 10 years (or useful life)
  • Commercial real estate: up to 25 years, fully amortized
  • Business expansion/acquisition: up to 10 years
  • Working capital: up to 7 years
  • Debt refinancing term depends upon original use of proceeds
Collateral
  • Commercial property or equipment being purchased
  • Personal guarantee(s) of business owner(s) who own 20% or more of the business
  • Business assets
  • Commercial property or equipment  being purchased
  • Personal guarantee(s) of the business owner(s)
  • Personal assets may also be required
Financing
  • 10% from borrower (15% from borrower on new businesses or special-purpose real estate)
  • Typically fixed rate
  • Injection varies from as little as 10% to 33% from borrower depending on use of funds
  • Rate is variable, adjusting quarterly