At SI MTG, we provide a range of commercial financing options to meet the diverse needs of businesses. Whether you are looking to purchase commercial property, expand your operations, or refinance existing debt, we have the expertise to guide you through the process. Here’s an overview of our key commercial loan offerings:
Conventional Commercial Loans are ideal for businesses looking for traditional financing options. These loans are offered by banks and other financial institutions and typically feature:
Loan terms can range from short-term (up to 5 years) to long-term (up to 30 years), depending on the lender and the borrower’s needs.
Rates are generally fixed or variable, based on market conditions and the borrower’s creditworthiness.
Funds can be used for a variety of purposes, including purchasing commercial real estate, refinancing existing properties, or funding capital improvements. Key Benefits:
Unlike SBA loans, conventional loans are not guaranteed by the government, which can lead to a more straightforward application process.
Lenders may offer higher loan amounts based on the borrower’s financial strength and the property’s value.
Terms and conditions can often be tailored to meet the specific needs of the business.
Lenders typically require a strong credit score and a solid financial history.
Detailed financial statements, tax returns, and business plans are usually required.
Most conventional loans require collateral, such as the property being purchased or other business assets.
An SBA loan is a business loan partially guaranteed by the U.S. Small Business Administration (SBA). These loans are designed to help small businesses access funding they may not qualify for through traditional financing. The SBA does not lend money directly but partners with banks, credit unions, and other lenders to offer loans.
The most common SBA loan, ideal for various business purposes, including working capital, equipment purchases, and commercial real estate. Loan amounts can go up to $5 million.
Specifically designed for purchasing fixed assets like real estate or equipment. It involves two loans: one from a lender covering up to 50% of the project cost and another from a Certified Development Company (CDC) covering up to 40%. SBA Microloans: Smaller loans up to $50,000, often used for working capital or inventory purchases.
Businesses must meet the SBA’s size standards to qualify, typically defined by revenue or number of employees.
A good personal and business credit history is required.
A comprehensive business plan demonstrating the ability to repay the loan.
While SBA loans may require collateral, they are often more flexible than conventional loans.
At SI MTG, our experienced team is dedicated to helping you find the best financing solution for your business. We offer:
Tailored advice and solutions based on your business’s unique needs.
Assistance throughout the application process to ensure a smooth and successful experience.
Access to a wide range of loan products with favorable rates and flexible terms.
Ready to explore your commercial financing options? Contact us at 510-786-8739 or visit simtg.com to learn more about how SI MTG can help you achieve your business goals.
We are an independent mortgage brokerage licensed through DRE, proudly serving clients since 2007.
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