SBA Lending
SBA Financing Growth
Small Business Administration financing is attracting the attention of lenders, borrowers, and the media, as the primary source of owner-user financing for commercial real estate. “The volume of new SBA-backed loans has risen more than 20% since mid-March, with more than $1.3 billion in new loans approved, according to Karen Gordon Mills, the new SBA administrator…The increase is mainly the result of two rule changes in March that temporarily cut fees for small-business borrowers and increased the maximum guarantee put up by the federal government on some small-business loans to 90% from 85%.” (WSJ 5/5/09)
New Correspondent Relationship
Robert T. Gibney & Associates is pleased to announce a newly formed correspondent lender relationship with a one of the largest SBA lenders in the country. With assets of $67 billion, the bank has organized a lending platform and a correspondent network to support a long-term growth strategy. This new correspondent relationship has increased our ability to provide direct access to a leading SBA lender at no added cost to the borrower. Real estate brokers value the efficient process of working with a trusted local representative with the reliability of a national company. Small business owners have the ability to obtain high-leverage financing (up to 90%), while taking advantage of the reduced loan costs. Please contact us to discuss your owner-user financing needs.
SBA Basic Guidelines
- Borrower occupies 51% or more of the property
- No loan points
- Fully Amortized – no balloon payment
- Lending Markets – Nationwide
- Acquisition Financing
- Refinance Existing Loan – Call for details
- Real Estate and Business Acquisitions
- Please contact us for more specific information and loan quotes.
