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Monday, 24 Apr 2017

SBA Loans

SBA Loans are smart financing solutions to help your customers succeed. SBA Loans assist small businesses by financing buildings, equipment, working capital, with long terms and very low rates.

Allstate Capital offers our SBA Loan program to a select group of manufacturers and distributors to help you sell more equipment. The SBA Loan Program will help you capture additional business and remain competitive while giving your customers the best programs available in the marketplace today.Let us help you capture additional revenue!

Highlights

SBA Loans can be used to construct new or purchase existing commercial owner-occupied real estate, to purchase equipment, inventory and more. Help businesses to increase working capital and reduce risk:

  • Extend SBA Financing to Lessees
  • Single Point of Contact for all of Your Business
  • Our Representatives Work Personally with Your Clients
  • Leverage Allstate Capital's Preferred SBA Programs

Program Details

Key industries that benefit from SBA Loans:

  • Light Industrial Manufacturers
  • Fitness Clubs
  • Medical & Professional
  • Franchise
  • Retail
  • Day Care
  • Restaurants & Bars
  • C-Stores & Gas Stations
  • Hotels (no start-ups, must be flag)
  • And more!

Loan Uses

  • Up to 90% Owner-Occupied Real Estate Purchases
  • Start-up Business Buying Real Estate
  • Refinances of Real Estate to Improve Cash Flow
  • Non-Real Estate Business Acquisitions (must have strong experience, documented cash flow)

Pilot Program Financing

  • Loan amounts available from $400,000 to $4 million
  • SBA 7(a) and 504 loans available
  • Up to 25 year terms for real estate financing
  • Must occupy 51% of real estate

SBA 7A Loans

SBA 504

$250,000 – $2 Million

$400,000 - $4 Million

As low as 10% down payment

For purchase of business real estate

Up to 25 year term with matching amortization, depending on use of proceeds

The Bank and a non profit organization called a CDC combine to finance up to 90% of the project

10% Borrower Injection

50% Bank Loan

40% CDC Loan

3 year pre-payment penalty

How to Get Started

If you have a customer that you feel may benefit from an SBA Program, please provide the following information to your Allstate Capital representative so we can evaluate the request promptly

  • Customer contact information
  • Requested $ amount
  • Description of Request

What We Will Require to Consider the Request

  • Complete Financial Package from Customer
  • Complete Business Plan
  • Interview about the Project with the Customer
  • Other Information may be Required

 

Disclaimer
All programs, conditions, and terms are subject to credit approval and can change at any time without notice.
Allstate Capital is not affiliated with The Allstate Corporation or any of its affiliates or subsidiaries, including the Allstate Insurance Company.
Allstate Capital does not offer tax advice.