| MORTGAGE BANKERS specializes in Government loans for small businesses. The two loan types that are offered include: |
|
u SBA 7(a) program which can include working capital, equipment and tenant improvements, in addition to real estate; and u SBA 504 program for the purchase of industrial and commercial real estate
|
 |
|
SBA LOAN PROGRAM
|
QUALIFIED PROPERTIES-OWNER/USER |
| Loan Size: |
Up to 3,500,000
|
Commercial |
| Rat: |
Prime Plus
1.00% to 1.50%
|
Office, Medical and Industrial Condominiums |
| LTV: |
90% |
Industrial |
| Term: |
25 Years
|
Motels and Hotels |
Amortization:
|
25 Years
|
Restaurants |
Loan Fee:
|
NONE
|
Improvements on leased land |
Prepay Penalty:
|
NONE |
Franchise specialty
|
| The borrower must occupy a minimum of 51% of an existing structure |
| or 67%
if you construct your own building |
|
