ThinkSBA
ThinkSBA is a Nationwide SBA 504 and 7a Loan Brokerage serving small business and entrepreneurs purchasing owner occupied real estate, acquiring a business or franchise or buying out a partner.
All you need to know about the SBA 504 Loan Program.
SBA 504 Loan Program The SBA 504 Loan Program is a Federal Government Guarantee program designed to incentivize business owners to purchase commercial real estate to occupy their business. Be sure to browse other episodes in the My SBA Loan Pro Podcast library for more in depth knowledge of the SBA 504 loan program. A …
Purchasing commercial real estate for your small business is complicated. There are many things to know before beginning the process to help you reach your goals without making any major mistakes. The first thing you need to know is there are landmines every where and if one or more of these landmines blow up it …
What Is A Multi-Purpose Property As its name implies, a multi-purpose property is commercial real estate comprised of improved land with a building that has multiple purposes or uses as opposed to buildings that have a single-purpose or use. The primary determining factor whether a property is considered multi-purpose has to do with the design …
Single Purpose Property As its name implies, a single-purpose property is commercial real estate comprised of improved land with a building that has a single purpose or use as opposed to a building that has a multi-purpose or use. The primary determining factor whether a property is considered single-purpose has to do with the design …
Who Is Required To Guaranty SBA Loan It’s important to understand that the applicant or borrower of an SBA guaranteed loan is the business, not the individual owners of the business. Therefore, the business is primarily responsible to pay back the loan which is why this repayment source is referred to as the primary source …
SBA 504 Loan Rates The SBA 504 guaranteed loan program to purchase commercial real estate is comprised of two loans. One provided by an SBA Preferred Lending Partner and another by an SBA Community Development Corporation (CDC). SBA Guaranteed 504 real estate loan rates on the second portion also referred to as the Debenture are …
SBA 504 Loan Program The SBA 504 guaranteed loan program to purchase commercial real estate is comprised of two loans. One provided by an SBA Preferred Lending Partner and another by an SBA Community Development Corporation (CDC). Generally, multi-purpose properties may be financed up to 90% loan to value while special purpose properties may be …
