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SBA 7a Loan |
SBA 504 Lending Loan Program |
U.S.D.A. Business & Industrial Loan Program |
Texas Capital Fund Real Estate Loan |
| Use |
* Purchase of equipment
* Working capital and inventory
* Business acquisitions or start-ups
* Franchise financing
* Debt refinancing (within guidelines)
* Acquisition, expansion, or construction of owner-occupied commercial real estate |
* Acquisition, expansion, or constuction of owner-occupied commercial real estate
* Equipment with useful life of at least 10 years
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* Financing for commercial business, including:
* Real estate
* Inventory, equipment and working capital
* Business acquisitions or start-ups
* Franchise financing
* Debt refinancing (within guidelines)
|
* Purchase of real estate, Improvements and related infrastructure |
| Size |
* $150,000 to $1,000,000 |
* $250,000 to $5,000,000 |
* Up to $12,500,000 |
* $50,000 to $750,000 |
| Term |
* 5 to 25 years, depending on the use of funds |
* CDC-10 or 20 yrs.
* Bank - 10 or 25 yrs.
* Typical Structure
50% Bank-1st lien
40% CDC-2nd lien
10%Owner Equity
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* Up to 30 yrs for real estate
* Up to 10 yrs for equip
* Up to 7 yrs for working capital
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* 20 yrs, real estate and improvements |
| Interest Rate |
* Rates are dependent on the size and term of loan and base is Prime rate |
* CDC -Below Market Rate (Fixed)
* Banks-Fixed/variable rates |
* Bank's fixed or varible rates |
* Interest Free Loan |
| Eligibility |
* Manufacturing-500 to 1,000 employees.
* Retail and service-sales under $5 million
* Construction - sales under $17 million
* Other SBA/Bank guidelines may apply |
* After-tax income less than $2 million and Tangible net worth less than $6 million |
* Business must be located in a rural community with 50,000 or less population
* Must retain or create jobs |
* Community must be located in a Non-entitlement communities and project must retain or create jobs. |
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| Collateral |
* Business assets
* Owners with more than 20% share must provide personal guarantee |
* Business assets, with personal or corporate guarantee |
* Business assets, with personal or corporate guarantee |
* Business assets, with personal or corporate guarantee |
| Fees |
* Ruiz Co.- $2,000.00 Packaging Fee
* SBA Fee 3% of guaranty amount |
* Bank's Fee -.50% of Bank's Loan Amount
* CDC Fee 1.13%of Bank & CDC's Loan
* Bank fees negotiable |
* Ruiz Co. Fee - 1% of loan request
* USDA Fee - 2% of guaranty amount
* Bank fees negotiable |
* Ruiz Co. - 2% of loan request or Contract Administration |
| Benefits |
* Long-term Maturities
* Reduced monthly payment |
* Low down payment
* Long-term maturities
* Reduced monthly payment |
* Long-term maturities
* Reduced monthly payment |
* Low down payment
* Long-term maturities
* Reduced monthly payment |