Penn Commercial Capital is a leading provider of Small Business Administration (SBA) loans for business owners and commercial real estate investors. The company provides financing in New Jersey, New York, Maryland, Pennsylvania, and Florida.
A Quick Glance at SBA Loan Programs
SBA mortgages are designed for new business owners or those seeking capital to increase their cash flow.
There are six types of SBA loans that will help maximize your cash flow:
- SBA 7 (a) – For those needing working capital up to $5 million (most popular), offering up to 100% loan to value
- SBA 504 – For purchasing owner-occupied commercial real estate
- SBA CAPLines – Businesses needing an ongoing line of credit
- SBA Export Loans – Export companies that need to finance their activities
- SBA Microloans – For small amount of working capital up to $50,000
- SBA Disaster Loans – Those impacted by a declared natural disaster
Note: SBA 7a and the 504 are some of the only commercial loans available for those who do not have significant equity or a large down payment.
At Penn Commercial Capital, we’ll analyze your specific needs and determine the best SBA loan program for your circumstance. Contact one of our loan experts for an eligibility and qualification level assessment. We’ll maximize your financing options. There is no cost or obligation. Why wait? Call us at 856-322-0310 today. You’ll be glad you did.
We work on a Fee for Performance Basis, meaning there is no upfront charge until a loan has been approved by one of our banks. No application or due diligence fees, ever!
Our rates and terms typically surpass the competition by .5% (rates vary according to the transaction) with 20- and 25-year terms depending on your individual cash flow, credit, and equity positions. DSCR as low as 1.10, Loan to value ratios as high as 90%.
The SBA itself does not issue loans. Instead, banks, credit unions, community development organizations, micro-lending institutions, and other partners provide the loans. For qualifying loans, the SBA guarantees part of their repayment (the maximum guarantee is 85% for loans under $150,000 and 75% for loans over $150,000). This guarantee reduces the risk for lenders. Working with Penn Commercial Capital, our experience handling SBA loans helps to streamline the process, meeting all federal requirements.
Sources of capital include:
- Agency Lenders Money Center Banks
- Regional Commercial Banks Debt Funds
- Mezzanine Funds Private Money
- Local Community Banks
- Fannie Mae Freddie Mac
- FHA/HUD Insurance Companies
- Conduits (CMBS) Pension Funds
With Penn Commercial Capital, we’ll help you improve your financial stability, providing the right guidance and financial resources to take your business enterprise to the next level. Call us today for a FAST QUOTE!
For small and medium sized businesses, access to capital can be the difference between being able to expand or not. These businesses can be faced with a variety of needs, but with revenue that can fluctuate from month to month, it can be difficult to consistently plan for future expansion and growth.
Our team is focused on accessing the current needs of your business, as well as helping you to plan for future growth opportunities. With an SBA loan, you can fund the needs of your business now and prepare for growth. We have access to a variety of SBA loan options, meaning that we can find the right fit, based on your cash flow. With plenty of training in federal requirements, our team continues to streamline aspects of the process, making it easier for you to access the capital your company needs to thrive.
SBA loans are insured by the government, so lenders can offer competitive rates for new businesses or smaller businesses that need to expand to increase their cash flow. Many of these businesses might not fit the parameters of a traditional commercial loan, but that does not mean they should have limited access to financing. Therefore, our team works with you to utilize the SBA loan program to effectively give your company a hand-up for growth, thus keeping your business competitive.
With small and medium-sized businesses serving as the heart of our economy, these loans are meant to provide them a viable financing option and level the playing field for business owners who are ready to take the next step on the path to growth. SBA loans can also provide gap funding, allowing a business to hire the expertise or personnel necessary to take the next step in building their company. Long-term investments in machinery or software can also be funded through an SBA loan. Tell us what you dream for your company, and we can match you with SBA loans where you match their eligibility requirements.
There are also SBA loans available to address the needs of businesses looking to rebuild or relocate after a natural disaster. Other loans address businesses who might not have built up a large amount of equity in their business or who only have a limited down payment. That is right! SBA loans can also be used to purchase equipment or even a permanent home for your business. No matter the situation, SBA loans can be a viable option to help get your business back on its feet or to create a more secure foundation.
It is important to keep in mind that each SBA business loan has specific parameters and that includes loan limits. When you are accessing your needs, it is essential that you understand how much you can be eligible to borrow, as well as how to make sure the loan terms are the right fit for your plans. We are not limited to just one source of funding, so our experienced team can find the best loan terms to meet your requirements, as well as best source of capital.