At Gellyfish Commercial we offer a broad spectrum of commercial real estate financing options.
If you are looking to purchase commercial real estate or expand your facilities, an SBA 7(a) loan is one of the most popular options available.
This is usually the best alternative for business owners who want to buy real estate they already occupy. Some of the properties that may be eligible for an SBA 7(a) loan include:
Special Use (restaurants, daycare facilities, data storage, etc.)
What Are SBA 7(a) Loans?
These are loans guaranteed by the Small Business Administration (SBA) to provide financial assistance to small businesses. Proceeds from 7(a) loans can be used for a variety of purposes, including the purchase of commercial real estate.
Can an SBA 7(a) Loan Be Used to Purchase Investment Property?
In general, SBA real estate loans can be used only to purchase properties that are primarily owner-occupied, so investment properties do not qualify.
If you are interested in investment properties, contact our experts at Gellyfish Commercial today to learn more about our Investor Real Estate Financing solutions.
Find the Commercial Real Estate Financing Solution that Works for You
Our experts will craft a personalized plan to help you achieve your goals
What Are the Differences Between SBA 7(a) Loans and SBA 504 Loans?
While 7(a) loans are capped at $10 million, 504 SBA loans can range from $125,000 to $20 million, or more.
The interest rates on a 504 loan are fixed, while 7(a) loans have predominantly variable rates (although there are some fixed-rates options as well).
Finally, the down payment for a 504 loan is 10 percent. By contrast, with 7(a) loans the minimum down payment is 10 percent, but you may be required to pay more than that.
Certainty of Execution in SBA 7(a) Loans for Commercial Real Estate
Reliability, decisiveness, speed. This is the Gellyfish Commercial approach to financing. Certainty of execution is the quality that sets us apart and allows us to deliver exceptional service to our clients.
Are you ready to take your business to the next level? Contact us today at (877) 800-4493 or fill out the free online form to learn more about 7(a) loans or to discover our full range of financing solutions.
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