LenderResolve is committed to making the Arizona SBA Loan Process faster, easier and more profitable here in Arizona for small businesses as well as expedite the SBA 7(a) loan process so our broker-clients have time to originate more business.
Our services here in Arizona include the packaging, closing and placement of loans and consulting for banks and small businesses. We take responsibility for the tedious work involved in loan processing and loan closing by working diligently with the borrower, lender and third parties to close loans.
Using LenderResolve means:
For SBA Loan Originators these benefits include:
- Increasing the number of loans closed
- Shortening closing cycles; get paid sooner
- Reducing internal costs and staff.
- An additional revenue stream
- Development and retention of long-time, loyal Arizona business customers
For businesses these benefits include:
- Access to capital
- Access to former SBA lending attorneys & bank officials
- Longer loan maturities; lower payments
- Debt refinance for improved cash flow
Call Greg today at 602-740-3257 for more information on applying for your Arizona SBA Loan.
All 7(a) Arizona SBA loan applicants must meet the program's eligibility requirements, which are designed to be as broad as possible.
SBA 7(a) loans are provided by authorized banks and commercial lenders like CBLP's Lending Partners, who all participate in the program. CBLP's Lending Partners are Preferred SBA 7 (a) Lenders which gives them the authority to make credit decisions on behalf of the U.S. government and enables us to process loans more quickly and efficiently than most other SBA lenders.
Little info on 504 Loans
Flexibility, low equity requirement, long term amortization, and speed to closing.
This program is for the purchase of fixed assets such as commercial real estate, machinery and equipment of a capital nature, which are defined as assets that have a minimum useful life of 10 years. Proceeds cannot be used for working capital
Loan Details
Loan Purpose
| Commercial Arizona real estate purchase, refinance, and construction, including working capital and other business assets. |
Loan Amounts for Arizona SBA Loans
| $250,000 to $5,000,000. |
Time to Close
| Closing within 45-60 days of signed commitment letter. |
Loan To Value
| Up to 125% (up to 125% on general purpose Arizona real estate and up to 130% for medical office condominiums or office buildings.) |
Interest Rate
| Competitive rates. |
Term
| Up to 25 years based on the loan purpose. No balloons or calls-fully amortizing over the life of the loan. |
Prepayment Penalty
| Declining penalty over 3 years (5%, 3%, 1%). |
Fees
| No loan origination fees on loan $1,000,000 and above. | |
| One-time SBA loan guarantee fee based on loan size. | |
| Good faith deposit to be used for loan closing costs. |
Collateral
| First lien on assets being financed. |
Recourse
| Personal guarantees for all individuals owning 20% or more. Corporate guarantees of affiliated companies may be required. |
Debt Service Requirements
| Projected debt service coverage of 1.25:1 times. |
Industries
| All-for profit businesses that meet SBA eligibility requirements. |
Eligibility
| All 7(a) loan applicants must meet the program's eligibility requirements, which are designed to be as broad as possible. |
Call Greg at 602-740-3257 for more information on your Arizona SBA Loan application.
Comments(0)