SBA 7a Loans

SBA 7a Loans
Flow Chart


Purchase Price:$500,000-
Down Payment:$50,00010%
Loan Amount:$450,00090%
SBA Guarantee:75%-
Guarantee Amount:$337,500-
Guarantee Fee:2.75%-

Proposed Loan:1st TD only
Loan Amount:$450,000
Term:25 years
Prime Index:4.250%
Spread:2.750
Interest Rate:7.00%
Monthly Payment:$3,180
Prepayment Penalty:5,3,1


Footnotes:
  • No CDC involvement with SBA 7a loans
  • Guarantee fee is on a scale of 2% to 3.5% subject to loan amount
  • Borrower pays out of pocket for SBA guarantee fee and other related costs



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