What is an SBA (7) a Loan and who qualifies
Sunday, September 13, 2009
Product Type:
Owner-Occupied SBA 7a
Property Type:
Community lending program to improve the locality for almost any business in the U.S.
Loan Amount (min/max):
$250,000 to $2MM
LTV (max): 90%
Amortization / Term: 20/20
Minimum FICO: 650
Minimum DSCR: 1.10x
Non-Eligible:
Ground Lease, Gas Stations, Churches
Cash-out: N/A
Collateral: Real Property
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