Small Business Prospers Through SBA Financing

Platinum Commercial Capital is a Preferred Financial Services company as designated by Preferred SBA lenders, meaning that the approval process has been delegated by the SBA to our lenders, and we are able to offer and process loans quickly. Nearly any for-profit business is eligible, but we specialize in long-term permanent financing to small businesses. Some of the many financing options available through SBA loan programs are:

  • Commercial Real Estate Financing – up to 90% financing
  • Existing Business Acquisition Loans – up to 80% financing
  • Equipment Financing – up to 100% financing
  • Loans – range from $200,000 to $5 million
  • Debt refinance – up to 100% financing

Terms and Structures for a Small Business Loan

The SBA determines eligibility based on size, which is generally a retail business with annual sales of less than $6 million, a manufacturing business with fewer than 500 employees or a service business with fewer than 100 employees. Loan terms are up to 25 years for real estate, 10 years for equipment or business acquisition, and 7 years for permanent working capital; all of these loans are amortized. Interest rates are competitive to the market, and fees usually don’t exceed typical closing costs and an SBA guaranty fee. Some of the many property types that qualify for this type of loan are:

  • Office Buildings
  • Industrial Buildings
  • Warehouses
  • Bed and Breakfasts
  • Gas Stations
  • Hotels and Motels
  • Automotive Repair
  • Child Care Facilities

A first mortgage will be financed generally up to 50% of the total loan-to-value. The SBA with allow a 40% loan-to-value for a second lien position. A second mortgage has up to a 20-year term for real estate and a 15-year term for equipment purchase. Nearly any for-profit business can apply, but commercial real estate must be occupied by the borrower, at least partially.

If you are looking for quick and easy financing, call Platinum Commercial Capital and find out what we can offer your business today.

Get In Touch

Each of our financial professionals are certified and experienced to work with you to find the business loans that fit your commercial finance objectives. We’re working at the forefront of business financing to keep your business moving forward in today’s marketplace. Ask us what we can do for you.