Available Now! Valor Lending Group funding Top SBA Commercial Lending 7A and 504 programs. Let our team put you at ease when the “big banks” can’t follow through with their promises. Valor Lending Group knows the importance of securing the best long-term options and low rates for your business. Let us take the hardship off your shoulders and help you guide through the process.
What qualifies you for a Top SBA Commercial Lending program?
To start you must have less than 500 employees and under $100 million in sales. Your business needs to occupy 51% or more of the property and the remaining 49% can be leased out to other tenants. No passive income companies or any businesses that involve cannabis or sexual content. 51% or more of the business needs to be owned by a U.S. Citizen or Permanent Resident.
Other key points to qualify:
- Operate for profit
- Have reasonable invested equity
- Use alternative financial resources, including personal assets, before seeking financial assistance
- Be able to demonstrate a need for a loan
- Use the funds for a sound business purpose
- Not be delinquent on any existing debt obligations to the U.S. government
What is a 7(a) loan?
The 7(a) Loan Program is SBA’s most common loan program. This program is especially for financial help for small businesses. This is the best option when real estate is part of a business purchase, but it can also be used for working capital or refinancing business debt. See below:
- Long- and short-term working capital
- Revolving funds based on the value of existing inventory and receivables
- The purchase of equipment, machinery, furniture, fixtures, supplies, or materials
- The purchase of the real estate, including land and buildings
- The construction a new building or renovation an existing building
- Establishing a new business or assisting in the acquisition, operation or expansion of an existing business
- Refinancing existing business debt, under certain conditions
What is a ideal candidate for 7(a) loan?
- Does not qualify for traditional bank financing
- Bankruptcies
- 600 FICO
- Projection based loans (does not require historical cash flow on tax returns)
- Needs to close within 30 days
- Special use properties
What is a 504 Loan program?
504 Loan Program is a long-term, fixed-rate financing for major assets that can help businesses grow. See below for what the proceeds can and cannot be used for:
- Existing buildings or land
- New facilities
- Long-term machinery and equipment
- Modernization of Land, streets, utilities, parking lots and landscaping
- Existing facilities
504 Proceeds cannot be used for:
- Working capital or inventory
- Consolidating, repaying or refinancing debt
- Investments in rental real estate
What is an ideal candidate for a 504 Loan?
- Does not qualify for traditional bank financing
- No Bankruptcies
- Historical Cash Flow on tax returns/At least 1.15 DSCR
- 650+ FICO
- Can close within 60 days
- Multi-use properties
Valor Offers Many Other Amazing Products !
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to 2MM / 10% down up to $3mm
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
Check out more of what we offer. Check out Valor’s Mortgage News to learn more!
