Other Financing Programs

The Small Business Loan Program at Strategic Commercial Capital is an outstanding source of financing for most businesses.  SCC has been designated as a chosen Financial services company by Preferred SBA lenders to have loans processed more quickly and efficiently than many others. 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

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

 

EXISTING BUSINESS ACQUISITION LOANS

v Your company’s Cash Flow & organization  v Up to $1.25 million a year  v Loans fully amortized, no balloons
v Capabilities are our primary indicators v Up to 15 year term v No pre-payment penalty
  v Up to 80% financing  

 

EQUIPMENT FINANCING

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

 

LOANS UP TO $5 MILLION

v Up to 90% financing v Fully amortized 
v Up to 25-year terms v Fixed and variable rate options on both 7a and 504 programs

 


 

7(a) Loan Program

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:

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

 

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 financing
  • Up to 10 years for equipment or business acquisition financing
  • Up to 7 years for permanent working capital
  • All 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

Use of Proceeds:

  • Real estate acquisition or construction – up to 90% financing available
  • Equipment Acquisition – up to 80% financing available

 

Loan Structures
Financing available on projects up to $12,000,000.
1 ) SCC’s lending team typically will find a financial institution to fund 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.

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