SBA 504 Loans: Regulations Streamlined

The SBA recently made some changes to streamline regulations and open to a broader base financing under the SBA 504 loan program.  One of the biggest changes has to do with refinancing existing debt, and although it’s not a full reinstatement of the refi program, it’s a significant step forward.  The old regulations limited project expenses eligible for SBA 504 Loan Program financing to those incurred within 9 months prior to submitting to the SBA a complete loan application.

The recent change will permit financing of expenses toward a project regardless of when the cost was incurred, so long as the expenses are directly attributable to the project.  If expenses were financed as part of the project, the debt to be refinanced must have been short-term debt ("bridge financing") with a term of 3 years or less and directly attributable to the Project.

Although this is not a full reinstatement of the refi program, it does create more options for some borrowers.  Please contact us to discuss how we may assist you with long-term, below market, fixed rate financing.

Commercial Lending Pros
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

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FREE Virtual Business Card

Hey everybody, Just wanted to share information about an important new business tool: FREE Virtual Business Card!

Although this doesn't relate directly to commercial lending, we also like to pass along info that will be helpful to our business clients and affiliates in ANY way. And with mobile to mobile marketing and social media marketing becoming something that almost EVERY business needs to keep up with - I think this next item should be of interest to EVERYONE.

One of our clients that offers mobile websites for Realtors and text marketing services for businesses is offering a really neat promotion. For a limited time (how long I don't know) they are giving away 100% FREE Virtual Business Cards! Any type of business (or individual) qualifies.

 

Having your own "Virtual Business Card" is pretty darn cool. All you do is share your "Keyword" with anyone you meet (my keyword is "loans"), and when they text that keyword to 55255, they will instantly receive a message with all of your contact information. (Try mine if you'd like to see how it works). Talk about slick!

Commercial Loans, Business Financing Update

And the best part is there's no cost and no credit card required. And this is not a 30 day trial. It's a permanent virtual business card for FREE. Now you probably WILL receive a few promotional emails offering discounts on "other" paid services (as I have since I set mine up) but no additional purchase of any kind is required for your free virtual business card.

Setting up your free Virtual Business Card is ultra simple. Just text the word FREE, followed by a space, then the promo code L600412 to short code 55255. Within seconds you'll receive confirmation and instructions for picking your own unique keyword and setting up your free virtual business card. I'm sure the keywords are on a first come, first served basis so I'd check this out quickly before all the good ones are gone.

Again, simply text the word FREE, followed by a space, then the promo code L600412 to short code 55255 and you're on your way.

The commercial real estate and financial markets are REALLY heating back up again.  I'd recommend you try and take advantage of EVERY method for getting YOUR contact information in front of potential new prospects. You never know where you're next big deal might come from.

Until next time...

  

SBA to Reduce Loan Guarantees in 2012

SBA Lending in 2012 Gets a Haircut - Entrepreneur
There isn't much business owners will miss about the last couple of years, except for perhaps the Small Business Administration's beefed-up loan guarantee program. In 2009 and 2010, the Small Business Administration was able to temporarily eliminate loan fees and increase loan guarantees to 90 percent for certain loans. The moves were part of the American Recovery and Reinvestment Act of 2009, the Small Business Jobs Act of 2010 and subsequent extensions. By 2011, the program had ended, but interest in SBA lending remained heightened during the first quarter. . . . keep reading about Small Business Lending

If your small business is in need of a loan NOW is the time to seek the capital you need.  Commercial Capital continues to offer small businesses SBA financing while many banks have been reluctant to do so.  We are direct SBA 504 lenders  and have over 150 different lending sources.  Let Commercial Capital help you find the capital you need to grow your business.  We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

S.B.A.-Backed Lending Set a Record in 2011

SBA-Backed Lending Set a Record in 2011 - NYTimes
In all, by the end of the S.B.A.'s fiscal year, on September 30th, gross loan approvals reached $19.6 billion in the agency's general business, or 7(a), loan program and $4.8 billion in capital investment loans issued in what's known as the 504 program. In just the first quarter of the year (the last three months of calendar year 2010), the agency approved $9 billion in 7(a) loans, nearly as much as it had approved in all of 2009. Gross loan approvals, which reflects totals before canceled loans are subtracted, is how the agency commonly reports its lending statistics. . . . keep reading about Small Business Lending

At Commercial Capital, we are busier than we ever have been and, since most of our loans are to small businesses.  Many of the CDC’s are also having very good years (CDC’s are companies that administer the seconds on SBA 504 loans). If the SBA is busy, then again, small businesses are working. There is almost a mini-boom happening in franchising right now. It seems like every franchise out there is very busy, which again, means new businesses are starting. This means jobs are being created. I am seeing another big trend-a lot of boomers are quitting corporate America for good, cashing out or rolling over their IRA’s and, starting their own businesses. Now financial planners may cringe at that point, but the owners we speak to are putting it this way, “These large companies I have invested in don’t seem to be very “with it” and, with so many risks, I feel better controlling my own destiny”.

We are Direct Lenders for SBA 504 loans in certain markets and offer several types of Securities Loans.  If you are a small business owner or looking to leverage your investment portfolio in a business opportunity Commercial Capital can help you find the financing you need. We work with over 150 different lending sources that are lending and will evaluate your loan scenario in a prompt professional manner. We will underwrite and process Small Business Administration Loans:

• SBA 7(a) (We are Preferred Lenders)
• SBA 504 (We are Direct Lenders)

The provisions of the Equal Credit Opportunity Act shall apply to all applicants for loans submitted under these government guaranteed loan programs. There shall be no discrimination on the basis of race, color, religion, age, sex, marital status, handicap or national origin. It is our goal to facilitate a quick funding on all SBA loan requests. Additionally, we offer the following advantages:

• Competitive rates and terms
• Purchase or refinance of commercial real-estate, with cash out permitted
• SBA-guaranteed fee can be financed in most cases

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.  WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

SBA Lending Breaking Records in FY 2011

Record Breaking FY 2011 for SBA Lending
With several weeks left in the fiscal year, the Small Business Administration's two main lending programs have already surpassed a record-high $18 billion in guaranteed loans issued through banks and other conventional lenders, agency data show. That's more than double the full-year total in 2009. Depending on size, SBA loans are guaranteed for up to 85% against default. . . . keep reading about Small Business Lending.

If you are a small business looking for financing Commercial Lending Pros can help you find the financing you need. We work with over 150 different lending sources who are lending and will evaluate your loan scenario in a prompt professional manner. We will underwrite and process Small Business Administration Loans:

• SBA 7(a) (We are Preferred Lenders)
• SBA 504 (We are Direct Lenders)

The provisions of the Equal Credit Opportunity Act shall apply to all applicants for loans submitted under these government guaranteed loan programs. There shall be no discrimination on the basis of race, color, religion, age, sex, marital status, handicap or national origin. It is our goal to facilitate a quick funding on all SBA loan requests. Additionally, we offer the following advantages:

• Competitive rates and terms
• Purchase or refinance of commercial real-estate, with cash out permitted
• SBA-guaranteed fee can be financed in most cases

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.
WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

Small Balance Commercial Loans Available! $25,000-$400,000

Small Balance Commercial Loans*

We specialize in meeting the needs of our clients that fall outside of traditional bank lending parameters.

When local banks turn you down, Commercial Capital Ltd says “Yes!”

We have Fixed Rate and Adjustable Rate Programs:

• Loan Amounts: $25,000-$400,000
• Maximum LTV: 70%
• Fico Credit Score: Must be above 600
• Terms:
• Fixed for 15or 25 years – Fully amortizing
• Quarterly Adjustable – 15 or 25 year amortization

Property Types Considered: 

• Apartment Buildings
• Office Buildings
• Retail
• Mixed-Use
• Hotel/Motel
• Recreational
• Day Cares
• Churches
• Hair Salons
• Auto Repair/Auto Body
• Funeral Homes
• Mobile Home Parks
• Garage/Storage

Call Us Today! 863-299-2929 or 813-833-3132

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.
WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

*This program is available Nationwide, except: Alabama, Alaska, Hawaii, Michigan, Nevada, Ohio, Vermont & West Virginia

House Small Business Subcommittee on Investigations Chairman Congressman Mike Coffman Promotes SBA Backed Loans

House Small Business Subcommittee on Investigations Chairman Congressman Mike Coffman Promotes SBA Backed LoansThe House Small Business Subcommittee on Investigations, Oversight and Regulations Chairman Mike Coffman (R-CO) today held a field hearing in Greenwood Village, Colorado to examine the state of small business lending, focusing on Small Business Administration (SBA) loan programs and the regulatory impediments to small business lending. Coffman said, "It is important for small business owners and community banks to hear from the Small Business Administration about government-backed lending programs that can help them, and it is equally important for legislators and government agencies, like SBA, to hear directly from small banks about how regulators have responded to the financial crisis of 2008 and how regulations have affected small business lending. Because of the importance of small banks as lenders to small companies, a proper balance should exist between an effective regulatory structure that protects depositors and a financial institution's ability to lend. Public forums like today's field hearing are very important in achieving that balance." . . . keep reading about Small Business Lending

If you are a small business looking for financing Commercial Lending Pros can help you find the financing you need.  We work with over 150 different lending sources who are lending and will evaluate your loan scenario in a prompt professional manner. We will underwrite and process Small Business Administration Loans:

• SBA 7(a)  (We are Preferred Lenders)
• SBA 504  (We are Direct Lenders)

The provisions of the Equal Credit Opportunity Act shall apply to all applicants for loans submitted under these government guaranteed loan programs. There shall be no discrimination on the basis of race, color, religion, age, sex, marital status, handicap or national origin.  It is our goal to facilitate a quick funding on all SBA loan requests. Additionally, we offer the following advantages:

• Competitive rates and terms
• Purchase or refinance of commercial real-estate, with cash out permitted 
• SBA-guaranteed fee can be financed in most cases
• Loans size starting from $100,000 to $10,000,000

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-298-8900
Fax: 863-877-4456
Email: marcos@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.
WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

JOIN OUR TEAM! BECOME A BUSINESS LOAN PRO TODAY! OUR TIME IS NOW!!!!