SBA (Small Business Administration) LOANS, Get the gold standard in small business lending. Get great rates, long repayment terms, and low monthly payments with SBA loans.
Buy, refinance, and expand with a low-cost SBA 7(a) commercial real estate loan.
Purchase or refinance Commercial Real Estate with an SBA loan With fully amortizing 25-year terms and variable interest rates ranging from 4.75% - 6.00%1, SBA 7(a) loans offered from banks in the SmartBiz network are a great option for small businesses looking to refinance an existing commercial real estate mortgage or buy an office building or other owner-occupied commercial space.
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How it works
1. Pre-qualify for an SBA 7(a) Commercial Real Estate Loan
Pre-qualify in as little as 5 minutes without impacting your credit score. Simply provide basic information online and we'll automatically tell you if you pre-qualify for an SBA commercial real estate loan from $500,000 to $5 million.
2. Provide Financial Information
Tell us how you plan to use your funds and provide financial information about your business and its owners. Your SmartBiz Loans Relationship Manager is here to assist you at any point in the process.
3. Accept Your Letter of Intent
You will receive a non-binding letter of intent (LOI) from a bank in the SmartBiz network outlining details of the SBA commercial real estate loan so you can negotiate terms with the property seller or your existing lender.
4. Conduct Property Valuation
During the SBA commercial real estate application process, the property you're interested in will be valued. Your dedicated Relationship Manager helps facilitate this step.
5. Get Funded
Upload requested documents to complete your application. We'll work with you through the loan closing process. Funds can be wired for closing in as fast as 30 days after credit approval.
Qualifications
YES | NO |
At least 51% of the property's square footage must be occupied by, and used by, your business | Developers or landlords that are not actively occupying the property |
3+ years in business | Investment properties (for example, the majority of the property will be leased or it is a real estate flip project) |
Business owners must be U.S. citizens or legal permanent residents | Bankruptcies or foreclosures in the last 3 years |
Business owners must have personal credit scores above 675 | Prior default on government backed loans |
Cash flow to support loan payments | Outstanding tax liens |
The estimated purchase price must be greater than $500,000 | Construction (for example, purchasing an empty lot and building a new structure) |
The SBA Commercial Real Estate Loans offered by the preferred SBA lending banks in the SmartBiz lending network feature low rates, long terms, and no balloon payments.
The right financing. The right bank loan. One fast and simple application.
Speak with our Commercial Lending Experts & Learn More About our Products: