Day Care Financing
Typical Loan used: SBA 7a is most popular because you can include closing cost, working capital, and construction interest
Max Amount of Loan: $5,000,000 for SBA 7a
Amount Down: Typically 10 to 20%
Length of Loan: 25 years
How Funds are used: Available for Ground Up Construction or Existing Property
Do I qualify for loan: Contact SBA-Capital for free pre-approval and loan review
Cost of loan: Depends on experience, amount down, etc. Contact us for details
Most popular loan: SBA 7a (includes closing cost, construction interest, & working capital)
Certified Green Construction included in loan if approved in original budget.
Comments about SBA loans:
1. All funds are provided by the bank. SBA only provides a guarantee.
2. Some say SBA loans are complicated and take too long which is true unless you are working with a loan official that is experienced and knows how to process the loan.
3. Banks had $585 billion dollars in outstanding SBA loans in 2013 simply because SBA guaranteed part of the loan. The staggering numbers show the popularity of SBA loans.
The above are general comments and may vary depending on some borrowers needs and financial ability. Please contact us for details regarding any specifics you may have.