Buy, refinance and expand with a low-cost SBA (7a) commercial real estate loan
Low rates, long terms and top-notch customer service set SmartBiz apart
$500,000 - $5 million
6.50% - 7.75%*
* Loans have a fixed rate of Prime Rate plus 2.00% to 2.75% or a variable rate of Prime Rate plus 1.50% to 2.75%.
Purchase or Refinance Commercial Real Estate with SmartBiz
With fully-amortizing 25-year terms as well as fixed and variable interest rates ranging from 6.50% to 7.75%*, SBA 7(a) loans are a great option for small businesses looking to refinance an existing commercial real estate mortgage, buy an office building or other owner-occupied commercial space. The rent replacement option with minimal down payment, offered by our preferred SBA lending banks, lets you keep more of your cash to invest in growing your business.
How It Works
Pre-qualify for an SBA 7(a) Commercial Real Estate Loan
Pre-qualify in as little as 5 minutes without impacting your credit score. Simply provide basic information online and we’ll automatically tell you if you prequalify for an SBA commercial real estate loan from $500,000 to $5 million.
Provide Financial Information
Provide financial information about your business and its owners. Your dedicated Relationship Manager can help with any questions.
Accept Your Letter of Intent
You will receive a non-binding letter of intent (LOI) outlining details of the SBA commercial real estate loan so you can negotiate terms with the property seller or your existing lender.
Conduct Property Valuation
During the SBA commercial real estate application process, the property you’re interested in will be valued. Your dedicated Relationship Manager helps facilitate this step.
Upload requested documents to complete your application. We'll work with you through the loan closing process. Funds can be wired for closing in as fast as 30 days after credit approval.
What It Costs
The SBA Commercial Real Estate Loans offered by our preferred SBA lending banks, feature low rates, long terms, a rent replacement option with minimal down payment, and no balloon payments.
How much do you need for your commercial real estate loan?
Loans used for Commercial Real Estate have a fixed rate of Prime Rate plus 2.00% to 2.75% or a variable rate of Prime Rate plus 1.50% to 2.75%. Monthly payment, fees and Annual Percentage Rate (APR) are estimates and may vary. APR includes fees whereas interest rate does not. Besides closing costs, there is a one-time referral fee of no more than 2% of the loan amount and a one-time packaging fee of no more than 2% of the loan amount. For loans $125,001 and higher, there is a guarantee fee between 2% and 3% paid to the SBA. Fees and closing costs will be deducted from loan proceeds at time of funding. There are no pre-payment penalties – you can pay off the loan at anytime.
APR WITH FEES
INTEREST RATE *
* Loans have a variable rate of Prime Rate plus 1.50% to 2.75%.