LOAN PRODUCTS
SBA Loans
Loan Goat offers two types of Small Business loans ready to help your business grow to new heights. Our SBA 7(a) and SBA 504 programs provide flexible financing solutions for commercial real estate and business expansion.
VIEW TERMS
Terms Up To25 years
LTV Up To90%
Loans Up To$5.500,000
Requirements
Credit Score: 680+
Down Payment: 10-15%
Business Plan: Required
Owner Occupancy: 51% minimum
Benefits
- Quick turnaround and closing times
- Cash out for working capital available (7a)
- No additional collateral required (504)
- Personal guarantees for 20%+ owners (504)
SBA 7(a)
Key Insights:
- Purchase real estate with as little as 10% down
- Access to loan amounts varied between $350,000 and $5.5 Million
- Quick turnaround and closing times
- Up to 25-year loan term on commercial real estate
- Cash out for working capital IS eligible
Eligibility Minimum:
- 51% of space should be owner-occupied commercial real estate
SBA 504
- More rigid use standards: Projects must create a set number of jobs or contribute to community development
- No Cash Out
- Must be used for real estate or equipment purchases only
The loan is structured in three parts:
- 50% from a traditional lender
- 40% from the SBA/CDC
- 10% provided by borrower
- Serves projects as large as $10 Million and above
- Loan terms are up to 25 years from the SBA and 30 years from Private Business Capital
- Does not require additional collateral, but owners with shares of more than 20% must sign personal guarantees
Our Process
1
Complete your application
2
Submit required documentation
3
Sign your
Letter of Intent
Letter of Intent
4
We process and close your loan in 5-7 days
LOAN GOAT'S
UNFAIR ADVANTAGE
LESS REQUIREMENTS, MORE CLOSINGS.
WHEN BANKS SAY NO, WE SAY YES.
Category
Them
Loan Goat
Leverage
Low Leverage
High Leverage
Process
Slow Process
Speed to Close
Underwriting
Strict Underwriting
Reliable Capital
Documents
More Document Reqs
Low-Doc Requirements
Processing
Active Loan Limits
In-House Processes
Rates
Higher Rates
Lower Rates
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