SBA LOANS
Alliance Business Capital offers the SBA 7(a) Loan Program and the SBA 504 Loan Programs throughout the U.S. as a Commercial Loan Intermediary.
We have teamed up with a few Banks to fund SBA Loans originated by Alliance. Loan amounts from $350K up to $15MM and more on a case-by-case basis.
SBA Loans General Guidelines
SBA Loans are available from Alliance Business Capital from $350K up to $15MM and more on a case-by-case basis. Alliance is a Commercial Loan Intermediary on all SBA Loans and not a direct lender, however, in most cases, we do not charge any fees on an SBA Loan.
The SBA 7(a) Loan Program is the SBA most popular Loan Program.
| Maximum Loan Amount: | $5 Million; higher amounts considered on a case-by-case basis |
| Minimum Loan Amount: | Alliance has a preferred minimum loan amount of $500,000 but will consider loans down to $350,000 on a case-by-case basis |
| Use of Proceeds: | Expansion, New Construction, Purchase Equipment or FF&E, Purchase a New Building and Land, Lease-hold Improvements, Working Capital, Refinance Debt (for compelling reasons) Purchase Inventory, Start a Business |
| Who Qualifies: | Must be a for profit business & meet SBA size standards, show good character, credit, management, and ability to repay. Must be an eligible type of business. |
| Prepayment Penalty: | Typically a 3 year prepayment penalty will apply |
| Terms: | Up to 25 years on Real Estate 5-10 Years on Working Capital, Machinery and Equipment Loans |
| Credit Scores: | Typically, 680 is the minimum credit score however we will look at slightly lower scores on a case-by-case basis |
| Eligible Areas: | United States |
| Closing Time Frame: | On average about 60 days from acceptance of initial term sheet and receipt of third-party reports deposit |
| Minimum Loan Amount: | Varies from Lender to Lender. Alliance has a $2 Million minimum on a 504 loan |
| Maximum Loan Amount: | $10 Million 1st Conventional $5 Million CDC/SBA |
| Use of Proceeds: | Long-term, fixed asset loans. Construction, New Purchase and Refinance (with compelling reason) |
| Loan Term: | Typically 10 - 20 Years |
| Minimum DSCR: | 1.25 |
| Who Qualifies: | For-profit businesses that do not exceed $15 Million in tangible net worth, and do not have an average two full fiscal net income over $5 Million . Must be a minimum of 51% owner occupied on existing properties or 60% on new construction. |
| Benefits to Borrower: | Lower down payment than a conventional loan, long term financing with no balloons |
