Why Should I Get an SBA Commercial Real Estate (CRE) Loan?
There are two main reasons to apply for a SmartBiz Loans™ SBA 7(a) Commercial Real Estate (CRE) Loan: The first reason is to save money by refinancing a pre-existing commercial real estate mortgage. Refinancing a commercial business property with an SBA 7(a) CRE Loan from SmartBiz® can help you avoid upcoming balloon payments while benefiting from…
- 25 year terms with no re-qualification requirement
- Transparent pricing with 5.25% to 6.5% rates
- Low monthly payments (only $5,995 for a $1 million loan)
The other most common reason to get an SBA 7(a) CRE Loan is to turn a major monthly expense like rent into an asset by purchasing your business property. By buying your property with a CRE loan from one of our bank partners, your small business may benefit from lower monthly payments, higher net worth, and longer-term financial stability.
What Are the Requirements for CRE Loans?
To qualify for a SmartBiz® SBA 7 (a) CRE Loan, your business must occupy AND utilize at least 51% of the property that you’re buying.
You also need to have been in business for at least 3 years, have good credit (700+), and healthy annual revenue of $500K or more.
How Does the Application Process Work?
It used to take several months to apply for a CRE Loan… now it only takes a few weeks! The SmartBiz® Loans SBA marketplace matches customers with the right bank to increase the likelihood of approval. Moreover, the application process can be completed entirely online, and you can prequalify in just 5 minutes without impacting your credit score.
If you have questions and need assistance, you can speak with a dedicated relationship manager who knows all the ins and outs of CRE Loans. They can help you decide if an SBA 7(a) CRE Loan makes sense for you and your business.
Where is the Best Place to Get a CRE Loan?
We recommend going to SmartBizLoans.com/realestate for your Commercial Real Estate needs… and not just because we are the ones writing this article!
Customers have rated SmartBiz® as “Excellent” (9.5 out of 10) on independent review site TrustPilot. Don’t take our word for it – do your own research and come back to smartbiz.com/realestate when you’re ready to avoid balloon payments and build for the future. That’s smart business!