SBA Loans
SBA Loans are a specialty here at Alliance Business Capital. We’ve been offering SBA Loans since 2007 and have a great track record with getting our borrowers approved and closed in a timely manner.
What’s more we are with you from the initial application through underwriting to closing. We will assist with all paperwork, preparing the loan package and then working with our lending partner to get your loan request approved and closed.
If you’re seeking an SBA Loan for a new purchase, a refinance of an existing loan or new construction loan look no further Alliance Business Capital is on your side.
SBA Loan Programs
Please note that SBA Loans are only for owner/operated businesses and not for investment properties. If you’re looking for a Commercial Real Estate Investment Property Loan chances are good, we can assist you with that as well.
The SBA 7(a) Loan Program is the SBA’s most popular loan program. Alliance Lending Partners are all Preferred Lenders and have delegated underwriting approval.
Alliance is able to assist with SBA 7(a) Loans up to $6.5 Million with a pari passu loan.
| Maximum Loan Amount: | $5 Million with exceptions up to $6.5 Million |
| Minimum Loan Amount: | Typically $500,000 however will consider loans down to $350,000 on a case by case basis |
| Use of Proceeds: | Expansion, New Construction, Purchase Equipment or FF&E, Purchase a New Building and Land, Lease-hold Improvements, Working Capital, Refinance Debt (for compelling reasons) Purchase Inventory, Start a Business |
| Who Qualifies: | Must be a for profit business & meet SBA size standards, show good character, credit, management, and ability to repay. Must be an eligible type of business. |
| Prepayment Penalty: | Typically a 3 year prepayment penalty will apply |
| Terms: | Up to 25 years on Real Estate 5-10 Years on Working Capital, Machinery and Equipment Loans |
Alliance can assist with an SBA 504 Loan up to $25 Million. Some of the benefits of the 504 loan include:
- Low down payment of only 10% on certain property types
- Long repayment terms – reducing monthly payments
- Many rate options including long term fixed rates
- Frees up cash flow to expand your business
- Associated fees and soft costs may be financed in the loan
| Minimum Loan Amount: | Varies from Lender to Lender. Alliance has a $2 Million minimum on a 504 loan |
| Maximum Loan Amount: | $10 Million 1st Conventional $5 Million CDC/SBA Alliance may be able to assist with a loan amount up to $25 Million on a case-by case basis |
| Use of Proceeds: | Long-term, fixed asset loans. Construction, New Purchase and Refinance (with compelling reason) |
| Loan Term: | Typically 10 - 20 Years |
| Who Qualifies: | For-profit businesses that do not exceed $15 Million in tangible net worth, and do not have an average two full fiscal net income over $5 Million . Must be a minimum of 51% owner occupied on existing properties or 60% on new construction. |
| Benefits to Borrower: | Lower down payment than a conventional loan, long term financing with no balloons |
The SBA Express Loan is a fast 7(a) loan up to $500,000. It is for business owners who have been in business for a minimum of 2 years.
- No tax or financial documents required in most cases
- Fast Credit Approvals & Loan Closings
- LTV’s up to 93%
- 25 -Year Fully Amortized
- Up to $500K 1st TD
- 51% Owner-User minimum
- Nationwide
- Purchase, Refinance, Working Capital
- Eligible Property Types – Office, Industrial, Retail
Items Needed to Apply
The following items are needed to apply for the SBA Express Loan:
- SBA PFS
- SBA 1919 Form
- SBA Resume
- Authorization w CC Info – cost of credit is approximately $45.00
- Proof of being in Business for a minimum of 2 years
- 2 Forms on ID – (driver’s license and passport or other government issued ID)
Please SBA Checklist for a detailed list of items needed to apply for an SBA 7(a) or SBA 504 Loan. The SBA Express Loan only requires the documents listed under that tab.
SBA Forms
Below are the SBA Forms needed for the SBA 7(a) and SBA 504 Loan Programs. Please note we need these forms completed by all owners holding a 20% or more ownership interest in the borrowing entity.
- CRE Loan Application
- SBA-1919
- SBA PFS
- SBA Resume
- Authorization w CC Info – cost of credit is approximately $45 per individual
- Business Debt Schedule
- Business Profile
- Environmental Questionnaire
It is important to complete all forms in as much detail as possible. We will assist in fine-tuning before submission to underwriting.
Alliance Business Capital offers SBA Loans as a Commercial Loan Intermediary meaning we work with you and our bank partner to get your loan approved and closed. We assist you with all paperwork and prepare a loan package making sure it is correct before submitting to underwriting. In most cases Alliance does not charge any fees on SBA Loans above $500K.