QUALIFIED
PROPERTY TYPE: Office (including office
condominium), Warehouse / Flex, Light
Manufacturing Facilities, Medical
/ Dental Offices,Funeral
Homes, Assisted
/ Elderly Care Facilities, Day Care
Facilities, Franchised Restaurant, and Franchised
Hotel/Motel
LOAN TERM: 25
Years.
AMORTIZATION: Up
to 25 Years Self Liquidating, No Balloons
MAXIMUM LTV: Up
to 80% of the market value.
LENDER’S
ORIGINATION FEE: None.
SBA GUARANTY FEE:
WAIVED until further notice by SBA.
INITIAL DOCUMENTS NEEDED:
• Executive
Summary
• Property
Description or Existing Appraisal Report, if
available
• Information on
Existing Loan & Its Lender
• Borrower’s
Financial Statement (both corporate & individual)
• Borrower’s Tax
Return (Last Three Years)
• Principal’s
Tri-Merged Credit Report (last 30 days)
• Color Pictures
of the Subject Property (both exterior & interior)