SBA Industrial Financing

Loan Guidelines for Industrial Property Financing

 

Eligible Property Types: 
Principal structure is designed for manufacturing processes, heavy assembly or involves the use of heavy machinery. It contains an average amount of office space commensurate with the quality of the building and the intended use.

 

Loan Size: 
USDA: $250,000 – $5,000,000; SBA: $250,000 – $5,000,000

 

Eligible Locations: 
Nationwide

 

Loan Term Amortization: 
USDA: Maximum 30 years; SBA: Maximum 25 years

 

Collateral: 
First position mortgage as certified by title search and title policy on property.

 

Loan Escrows:
The borrower may be required to contribute monthly to an escrow account for real estate taxes and property insurance.

 

Appraisal:
Complete summary appraisal required.

 

Environmental Screen or Phase 1: 

Required

 

Eligible Principals: 
U.S. citizens, permanent resident aliens. Majority principal owners cannot be on probation or parole.

 

Recourse:
Every loan will be personally guaranteed by any shareholder with 20% or more ownership in the company.

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