Franchise Financing
- Up to 85% financing on start-ups and acquisitions
- Terms up to 25 years
- Management and/or direct industry experience
Medical Practice Financing (MD, Dentist, Veterinarian)
- Up to 85% financing
- Terms up to 25 years
- As little as two years post residency
Commercial Real Estate Finance
- Up to 90% financing
- Terms up to 25 years
Construction Financing
- Up to 90% financing
- Terms up to 25 years
- Single loan closing for construction and permanent loans
Business Acquisition Financing
- Up to 85% financing
- Terms up to 25 years
- Industry experience required
Who is Eligible for an SBA Guaranteed Loan?
Most for-profit small businesses, including manufacturers, wholesalers, retailers and service businesses, as well as independent or
franchise businesses.
Loan Qualifications
The maximum tangible net worth of the applicant cannot be more than $15,000,000. The average net income after federal income tax for two full fiscal years before the date of the application cannot be more than $5,000,000.
SBA 7(a) Loan Size
- Loans from $150,000 to $5,000,000
Loan Fees
- SBA guaranty fee
- Fee may be financed in the loan
Use of Proceeds
- Commercial real estate (purchase, construction or refinance)
- Leasehold improvements
- Business expansion
- Machinery, equipment, furniture or fixtures
- Business acquisition
- Partner/shareholder buyout
- Start-up (franchise, medical/professional practice)
- Refinancing on eligible commercial mortgage loans
Collateral
- First security interest in all business assets
- First lien on business real estate
- Personal assets (including residences) may be taken as collateral
Terms
- Up to 25 years for real estate purchases
- Up to 25 years for business acquisitions with real estate
- Up to 25 years for franchise start-ups with real estate
- Up to 10 years without real estate
Down Payments
- As low as 10% for commercial real estate purchase
- As low as 15% for business acquisitions
- As low as 15% for business start-ups
SBA 504 Loan Program Overview
Vibra Bank – Small Business Lending partners with Certified Development Companies (CDC) to offer SBA 504 loans. These loans provide long-term fixed and variable rate financing to small business, requiring “brick and mortar” financing for expansion or modernization.
Program Highlights
- Larger projects – up to $5,000,000
- Longer loan terms – 20 to 25 years
- Up to 90% financing
* SBA Rankings for Fiscal Year Sept. 30, 2012