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SBA Loan Program

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Small businesses are the key to economic prosperity, but sometimes the funding needed for success is not readily available to them. That’s where SBA loans can be of huge benefit.

SBA loans are partially guaranteed through the government and are made available through banks, credit unions, and other lenders who partner with the Small Business Administration. Not all small businesses can qualify for conventional business loans, but SBA loans are tailored to the needs of these companies, strengthening their access to capital.

SBA loans are characterized by low down payment requirements and longer term financing as compared to conventional loans. This keeps cash flow available for operational expenses and keeps debt repayment to a manageable size.

New businesses and start-ups are great SBA loan prospects, but a small business looking for working capital, franchise financing, or need to invest in improvements, equipment, and inventory might also benefit from SBA loans. Clipper Commercial Capital is a skilled guide to the details of SBA loans, so don’t hesitate to contact us if you are ready to examine how an SBA loan might work for you.

Clipper Commercial Capital can help advise you through the many SBA loan programs for your business; which can be an excellent source of financing for most businesses. Clipper Commercial Capital has been designated as a Preferred Financial services company by Preferred SBA lenders to have loans processed more quickly and efficiently. This designation means that the SBA has delegated the approval process to our lenders, which means fast and efficient processing of your SBA loan.

COMMERCIAL/INDUSTRIAL REAL-ESTATE FINANCING

Purchase – Build – Refinance – Renovate – Owner-occupied

  • Non-conforming properties
  • Single-purpose buildings
  • Gas stations
  • Restaurants
  • Repair Shops
  • Auto Dealerships
  • Hotels and motels
  • Convalescent hospitals
  • Veterinary

EXISTING BUSINESS ACQUISITION LOANS

  • Your company’s cash flow & management capabilities are our primary indicators
  • Up to $1.25 million a year
  • Up to 15-year term
  • Up to 80% financing
  • Loans fully amortized, no balloons
  • No pre-payment penalty
  • 48 hour pre-qualification

EQUIPMENT FINANCING

  • Commercial printing and binding
  • Machine tools
  • Manufacturing Equipment
  • Heavy Equipment
  • Trucking
  • Medical Equipment
  • Laundry/dry cleaning
  • Diagnostic Equipment

LOANS UP TO $5 MILLION

  • No cost pre-qualification letters
  • Competitive rates and flexible terms
  • No pre-payment penalties
  • Up to 90% financing
  • Up to 25-year terms
  • Fully amortized
  • Fixed and variable rate options on both 7a and 504 programs

7(a) Loan Program

We specialize in providing long-term permanent financing to small businesses. Our loans, including the 7(a) Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs.

Eligible Businesses and Property Types Almost any type of for-profit business is eligible for financing. Commercial real-estate must be partially occupied by borrower and includes, but is not limited to, the following types of properties:

  • Office Buildings
  • Warehouses
  • Industrial Buildings
  • Manufacturing
  • Child Care Facilities
  • Car Wash Facilities
  • Automotive Repair
  • Shops
  • Professional Buildings
  • Hotels and Motels
  • Restaurants
  • Gas Stations
  • Bed and Breakfasts
  • Franchises
  • Start-ups
  • Single-Use Buildings

Eligibility based on SBA size standards. Typically, retail businesses with annual sales of less than $6,000,000, manufacturing business with less than 500 employees, and service businesses with less than 100 employees. Eligible businesses include those in retail, manufacturing, and services industries.

Use of Proceeds Real-estate acquisition, construction, or refinance – up to 90% financing available

Business Acquisition – up to 80% financing available

Equipment Acquisition – up to 100% financing available

Debt Refinance -up to 100% financing available

Terms Up to 25 years for real-estate financingUp to 10 years for equipment or business acquisition financingUp to 7 years for permanent working capitalAll loans are fully amortized.

Interest Rates and Fees Interest rates are always market competitive. Fees are generally limited to the SBA guaranty fee and customary closing costs.

Loan Amounts Loan amounts range from $200,000 to $5,000,000

504 Loan Program

We specialize in advising on long term permanent financing to small businesses. Our loans, including the 504 Loan Program, are made through the Small Business Administration (SBA) guaranteed loan programs.

Use of Proceeds Real-estate acquisition, construction, or refinance – up to 90% financing available

Equipment Acquisition – up to 80% financing available

Loan Structures Financing available on projects up to $12,000,000.

  1. Clipper Commercial Capital typically provides a first mortgage of up to 50% of the total loan-to-value. This loan can range from $100,000 to $3,000,000.
  2. The SBA, through a Community Development Company (CDC) provides up to 40% loan-to-value in a second lien position. This loan can range from $100,000 to $5,000,000.

Terms and Interest Rates First Mortgage – up to 25-year term for real-estate loan and up to 15-year term for equipment purchase with fixed and variable interest rates available.

Second Mortgage – up to 20-year term for real-estate and up to 15-year term for equipment purchase. Fixed rate is determined at SBA guaranteed 504 debenture sale.

Fees First Mortgage – fees are always market competitive.

Second Mortgage – 2.75% + legal review fee. This fee is financed in the loan.Fees also include customary closing costs, construction loan fees (if applicable), and bridge fees.

Eligible Properties

Almost any type of for-profit business is eligible for financing. Commercial real-estate must be partially occupied by the borrower.