SBA Loans From Stonecrest
The SBA offers a number of programs that are designed for business owners who want to finance owner occupied commercial property and preserve working capital. Financing can be available for up to 90% of a property’s value.
If you’re thinking of expanding your business and commercial property ownership is part of the plan, take a look at the following:
- The SBA’s Basic 7(a) Loan program. This program – considered by the SBA to be its least complicated – provides loans to eligible borrowers looking to expand their holdings and acquire more property. You must apply through what the SBA calls a “participating lender institution.”
- The SBA also offers a Certified Development Company (CDC) 504 Loan Program, which provides established and growing businesses with fixed-rate, long-term financing for what are known as “major fixed assets,” such as buildings.