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7A Guaranteed Loan Made by private lenders, with SBA guarantee –SBA helps the bank get to the YES decision with credit e PowerPoint Presentation
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Matthew R. Sisk Business Development Specialist 617-565-5569 matthew.sisk@sba.gov www.sba.gov/ma www.sba.gov. 7A Guaranteed Loan Made by private lenders, with SBA guarantee –SBA helps the bank get to the YES decision with credit enhancement. Maximum loan size $5 million.

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slide1

Matthew R. SiskBusiness Development Specialist 617-565-5569 matthew.sisk@sba.govwww.sba.gov/ma www.sba.gov

7A Guaranteed Loan

Made by private lenders, with SBA guarantee –SBA

helps the bank get to the YES decision

with credit enhancement.

  • Maximum loan size $5 million.
  • 85% guaranty on loans below $150,000.
  • 75% guaranty on loans above $150,000.
  • Micro Loans
  • Direct loans up to $50,000.Funds can be used for
    • Working Capital
    • Inventory
    • Machinery & equipment
    • Furniture & fixtures
    • Refinancing of business credit card debt
  • 504
  • The borrower obtains up to 90% financing and a low fixed rate on the CDC/SBA portion.
  • The bank ends up with a conventional loan in first mortgage position with a 50% loan-to-value ratio.
  • A Certified Development Company (CDC) takes care of all of the SBA paperwork.
  • Owner occupancy = 51% for existing building; 60% for new construction (with plan to occupy additional 20%).
  • Refinancing now available (mortgages coming due before 12/31/12).
  • Great for capital assets such as equipment financing.
slide2

Matthew R. SiskBusiness Development Specialist 617-565-5569 matthew.sisk@sba.govwww.sba.gov/ma www.sba.gov

slide3
7A Guaranteed Loan

Made by private lenders, with SBA guarantee – SBA helps the

bank get to the YES decision with credit enhancement.

  • Maximum loan size $5 million.
  • 85% guaranty on loans below $150,000.
  • 75% guaranty on loans above $150,000.
slide4

Micro Loans

    • Direct loans up to $50,000.
    • Funds can be used for
          • Working Capital
          • Inventory
          • Machinery & equipment
          • Furniture & fixtures
          • Refinancing of business credit card debt
slide5

504 Loan

  • The borrower obtains up to 90% financing and a low fixed rate on the CDC/SBA portion.
  • The bank ends up with a conventional loan in first mortgage position with a 50% loan-to-value ratio.
  • A Certified Development Company (CDC) takes care of all of the SBA paperwork.
  • Owner occupancy = 51% for existing building; 60% for new construction (with plan to occupy additional 20%).
  • Refinancing now available (mortgages coming due before 12/31/12).
  • Great for capital assets such as equipment financing.