Business Consultants
Sponsored Loan Types
These are various loan types that we work with partners to originate. For other loan needs, we may operate as a referral agent. We do not broker loans.
Conventional
LTV: Up to 70%
Term: Up to 30 years
Rate: Fixed Rates generally ranging from 7.25 to 9.5% depending on credit & size
Our Max: up to $11M 1st TD
Our Min: $500K
Occupancy Min: 20% Owner-User
FICO 2 Min: 600
Footprint: Nationwide
Loan Type: Purchase, Refi, Cashout
Property Type: General Use (exceptions for strong opportunities may be available)
DSCR: 1.15x's
Projections: Very limited, mostly on expansions
National platform conventional loans generally have a slightly lower LTV requirement than your local bank as well as a slightly higher rate. The offset is that there are generally no covenants and cash flow coverage only has to be shown in the most recent tax year plus interims.
SBA 7(a)
LTV: Up to 95%
Term: Up to 25 Years
Rate: Generally Variable, 1.50% to 3.00% over Prime
Our Max: up to $5M 1st TD
Our Min: $350K
Occupancy Min: 51% Owner-User
FICO 2: 600 Min
Footprint: Nationwide
Loan Type: Purchase, Refi, Working Capital, Business Acquisition, Equipment, Other
Property Type: All Owner-Occupied property types will be considered
DSCR: 1.15x's historical or projected
Projections: Allowed
The SBA 7A loan type is generally considered the most flexible commercial loan type allowing for multiple uses of proceeds in one loan, projections when needed, and some prepay without penalty. While we have listed an LTV of up to 95%, some of our partner lenders may offer under-secured loans that well exceed hard collateral to strong credit profiles.
SBA 504
LTV: up to 95% combined loan to value
Term: "504-A" up to 30 years
"504-B" up to 25 years
Rate: Blended fixed rates generally range from high 6's to high 8's depending on credit
Our Max: "504-A" up to $10M 1st TD
"504-B" up to $5.5M 2nd TD
Our Min: ~$1M
Occupancy Min: 51% Owner-User
FICO 2: 600 Min
Footprint: Nationwide
Loan Type: Purchase, Refi, Refi+Limited Business Expense Cashout
Property Type: General Use (exceptions for strong opportunities may be available)
DSCR: 1.00x's
Projections: Very limited, mostly on expansions
The SBA 504 loan type is generally limited to fixed-asset purchase and refinance. Recent changes in the program allows for limited cashout for projected business expenses within a certain LTV.