SBA 7a Loans - PRC Commercial Real Estate Loans

Why choose a 7a loan?

An SBA 7a loan can be used to purchase, refinance, construct, or renovate commercial property you intend on occupying at least 51%. SBA 7a loans require a minimum 10 percent down payment and the maximum loan amount for an SBA 7a loan is $5 million, $7 million with a pari passu.

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SBA 7a Loan Details

Loan Size	$2 million to $7 million
Eligible Business Size	Determined by industry type and based on # of employees or annual revenue Business net worth not to exceed $25MM
Interest Rate	Variable rate adjusted monthly or fixed rate Fully amortized through the term of loan
Terms and Amortization	Up to 25 years – real estate All loans are fully amortized No balloon payments
Loan Structure	Loan structure negotiable; dependent on risk 10% down payment (minimum)
Loan Purpose	Purchase existing building Refinance existing building Land acquisition and ground up construction (includes soft cost development fees) Expansion of existing building Finance building improvements
Loan Requirements	51% owner occupancy required for existing building 60% owner occupancy required for new construction
Collateral	1st lien position on the subject assets acquired by loan proceeds May require pledge of personally owned real estate Personal guaranties of the principal owners of 20% or more ownership are required
Prepayment Penalty	Declining 5-3-1%