SBA Lending: What Is It and How Does It Work?

The Small Business Association (SBA) Lending Programs Guarantee Loans for Small Businesses and Commercial Real Estate Financing.

The Number One Function of the SBA is to Guarantee Loan Programs which provide Longer Repayment Periods to Small Businesses with Marginal Credit.

The Small Business Administration (SBA) offers business financing for most business needs, including new business start-ups, franchise start-up, business acquisitions, debt consolidation, equipment leasing, accounts receivable financing, invoice factoring, and business capital “Lines-of-Credit” loans intended for business expansion or other approved commercial purposes.

Commercial Real Estate (CRE) Financing, including the acquisition, development, construction and refinancing of commercial properties, which is typically accomplished through a commercial real estate loan. These SBA backed mortgage loans usually have a 5 to 10-year term, with a 25-year amortization schedule (which is longer than conventional loans), secured by liens on the commercial real estate.

Types of loans acceptable for SBA Lending . . .

“Business Types” Acceptable for Commercial Financing:

Ø Gas Station/Car Wash

Ø Convenience Store

Ø Flagged Hotels/Motels

Ø Schools/Day-Care Centers

Ø Vehicle Dealers (NO Boats)

Ø Car/Truck/Vehicle/Service

Ø Funeral Homes /NO Cemeteries

Ø Salons/Spas/Barber Shop

Ø Restaurants/Bars & Clubs

Ø Oil/Lube Service/Body Shops

Ø SFR Used for Commercial

Ø Bowling Alley/Sports Facility

Ø Mixed-Use (50% Commercial)

Ø Self-Storage Centers

Ø R.V. Parks/Campground

Ø Dry Cleaner/Laundromat

Commercial Real Estate Loan Property Types:

Ø Churches, Synagogues, Temples

Ø Energy Production & Transmission

Ø Hospitality (Hotels and Motels)

Ø Industrial (Manufacturing, Mining, Dist.)

Ø Land (Developed Lots, Subdivision)

Ø Leisure (Golf Course, Marina, RV Park, etc.)

Ø Medical (Hospitals, Dr.’s Offices, Assisted Living, Long-Term Nursing Facilities)

Ø Mixed-Use Properties

Ø Mobile/Manufactured Home Parks

Ø Municipal/Public Works Financing

Ø Non-Owner-Occupied Residential

Ø Office (Building, Condo, Complex)

Ø Owner-Occupied Business

Ø Retail (Malls, Strip Malls, Shops)

Ø Self-Storage

Ø Single-Tenant Buildings

To find out more about SBA Lending and get pre-approved for financing, contact Randall Farr, Managing Director of BBB Commercial LLC at (718) 915-5990.

How-to Get The Very Best Business Financing

One of the big keys to getting business financing is how you "package" your loan request.

"Loan Packaging" can be especially tricky for someone who doesn't have banking/finance expertise, which pretty much describes most aspiring entrepreneurs, doesn't it?

You may have great ideas about starting a new business (or running your current business), and know exactly how to perform the necessary functions involved with that business, but since your expertise in that field of work, and not in banking, you really don't know what bankers/lenders are looking for when determining whether or not to loan money to someone for their existing business or a start-up enterprise, do you?

And, that's why over 50% of all business loan requests don't make it into loan committee. Therefore, to be successful, its important that you seek out a financing professional to help you through the tedious process of successfully securing business financing. In other words, if you want to succeed you need to have an expert "in your corner" to advise and guide you.

So, it only makes sense to find someone with a lot of real-world banking/lending experience who not only knows how to properly package your loan request, but also knows which investors specialize in lending to your line of business, thereby ensuring you get financed.

It's important for you to know that most lenders prefer lending to certain types of business, such as trucking/logistics, manufacturing, bars & restaurants, hair salons/barber shops, retail clothing stores, coffee shops, grocery & convenience stores, gas stations, hotels, etc.

So, find someone who's got it all... the lending experience, packaging expertise, and the specialized lenders to make sure you get the financing you need without any delays. If you want to work with a well-established commercial financing company, a company which is honest & reputable, you'll want to work with BBB Commercial Financing LLC, located in New York City, providing business financing in all 50 states (except Arizona).

If you work with BBB Commercial Financing, you'll most likely be very pleased with your experience and results. That's because, you'll get to work with Mr. Randall Farr, who's the Managing Director at BBB Commercial Financing; a true business financing professional.

Mr. Farr is an industry leader with a solid reputation as a financing expert who can be counted on for honest answers & quick results. Randall has been in the banking/lending for more than 35-years, and actively networks with a multitude of other legal, financial, real estate and affiliated professionals, so he really knows how-to get your business financed.

Randall Farr is a BUSINESS / COMMERCIAL REAL ESTATE FINANCING EXPERT who serves as the Chairman of BBB's Loan Committee. With his years of experience as a Commercial Credit Analyst and Sr. Business Underwriter Mr. Farr oversees BBB's entire lending process .

Randall reviews the underwriting and approval process of all new business loan requests and commercial real estate loan investment opportunities, having the final-say over which loans are funded through BBB Commercial Financing, so you'll definitely want to talk with him.

For more info, and to speak directly w/ Randall Farr, call BBB's office at (718) 571-9980.

Go to BBB's website to receive a FREE copy of the Best Selling Business Book, entitled:

"Avoiding The 20-Biggest (Most Costly) Business Mistakes"

Contact BBB's Office At (718) 571-9980

1 view0 comments

Recent Posts

See All


99 Wall Street #3350, New York City, New York 10005 USA

©2020 by BBB Commercial Financing LLC.