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Note - SBA rules require real estate purchases to be at least 51% owner-occupied unless a hotel. Our network of SBA lenders are unable to provide SBA real estate loans if owner occupancy in under 51% (e.g., large office building purchase, apartments, vacation rentals, etc.) Hotel loans are fine, however.

Unfortunately, we are unable to assist you at this time. For acquisition loans, the minimum loan with our lending partners is $250,000.

Note: If you are purchasing a business along with real estate, be sure to check "Acquiring a business" above in "Use of Funds."

SBA loans are not permitted to be refinanced by a new SBA loan with our lending partners. However, a borrower can leave an existing SBA loan in place an obtain a new SBA loan. For example, for a $500K new loan request and use of proceeds of $100K to refinance existing SBA debt and $400K for equipment, our lenders would leave the $100K existing SBA loan in place and issue a new SBA loan for $400K. If you are just looking to refinance SBA debt with SBA debt, we are unable to assist.

If refinancing to save on interest, note here are the recent Q1 average rates charged by SBA banks: Loans under $150K- 8.1%; $150K- $350K - 6.8%; over $350K- 6.3%

If you are currently paying under 6% for the debt you are looking to refinance, our SBA lender network will not be able to assist and we recommend looking elsewhere.

We are unable to assist you at this time for your acquisition of a business as our lending partners will want to see ~ 20% personal liquidity (10% down for the business plus another 10% in personal reserves). If you have other investors/partners who could contribute to the down payment, that may help but based solely on your stated liquidity position coupled with the fact that you are acquiring a business we are not able to assist you currently.

At this time we are unable to refer businesses with less than one year of profitable operating experience to any lenders in our network (unless an acquisition with 3+ years of operating history).

** Note: On average an SBA loan will take a minimum of 30 days to close AFTER you have provided the bank with a "full file" - all the information that bank has requested. Some SBA loans may take 60+ days to close so plan accordingly.