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| Financial Group , Inc. | |
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| SB Financial Group Inc., providing SBA Loans in Texas. | |
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SBA Loans |
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SBA Lending
Owner-Occupied Business Loans (7.a. & 504)
Loan Amounts
Up to $8,000,000 (504)
Land & all improvements, Construction, Equipment, Inventory, Working Capital, Debt Refinance & all soft costs (permits, architectural, impact fees, financing fees, etc.)
Variable or Fixed rates up to 20 years;
Rates determined by credit history, down payment,
experience and other credit factors
Up to 25 years, fully amortizing (no balloon payment); Longer term = lower monthly payments
(down payment)
10% on Real Estate ; 20-30% on other Project Costs; Determined by credit factors
Principals with 20% or more ownership (SBA requirement)
Generally all assets of the business, including real estate & improvements
(due at closing)
Generally 1% to 2.6% of the loan amount, depending
upon the loan amount.
(fee can be financed in the SBA loan)
To be determined at the time of consultation.
Standard Credit Agency reports obtained
24-48 Hours (after completed loan application package - see checklist on reverse side)
Generally 2 weeks
Generally 30-45 days after customer accepts term commitment letter (subject to receipt of all loan closing documents)
SB Financial Group, Inc.
SBA Loans
Houston Texas