Buy, refinance and expand with a low-cost SBA (7a) commercial real estate loan
LOAN AMOUNT: $500,000 - $5 million
INTEREST RATES: 6.25% - 7.50%*
REPAYMENT TERM: 25 years
* SBA loans from 7BC marketplace banks have a fixed rate of Prime Rate plus 2.00% to 2.75% or a variable rate of Prime Rate plus 1.50% to 2.75%.
With fully-amortizing 25-year terms as well as fixed and variable interest rates ranging from 6.25% to 7.50%*, SBA 7(a) loans from 7BC marketplace banks are a great option for small businesses looking to refinance an existing commercial real estate mortgage, buy an office building or other owner-occupied commercial space.
Pre-qualify for an SBA 7(a) Commercial Real Estate Loan
Pre-qualify in as little as 5 minutes without impacting your credit score. Simply provide basic information online and we’ll automatically tell you if you pre-qualify for an SBA commercial real estate loan from $500,000 to $5 million.
Provide financial information about your business and its owners. Your dedicated Relationship Manager can help with any questions.
You will receive a non-binding letter of intent (LOI) from a 7BC marketplace bank outlining details of the SBA commercial real estate loan so you can negotiate terms with the property seller or your existing lender.
During the SBA commercial real estate application process, the property you’re interested in will be valued. Your dedicated Relationship Manager helps facilitate this step.
Upload requested documents to complete your application. We'll work with you throughout the entire loan closing process. The bank can wire funds for closing in as fast as 30 days after credit approval.
At least 51% of the property's square footage must be occupied by, and used by, your business 3+ years in business
Business owners must be U.S. citizens or legal permanent residents
Business owners must have personal credit scores above 650
Cash flow to support loan payments
The estimated purchase price must be greater than $500,000