SBA Loan Programs
Fidelity Business Funding, a subsidiary of Wholesale Capital Corporation, understands that small business is the backbone of American industry and as such we provide the expertise to get your small business the capital it needs to continue to grow.
SBA 7(a) Loans
Fidenlity Business Funding's SBA 7(a) loans can be used by small businesses to pursue opportunities that may be just slightly out of reach of current cash flow. Depending on your businesses goals, terms can range from 7 to 25 years, with values starting at $150,000 going up to $2 million.
Loan Size
- $150,000 to $2 Million
Advance Rates
- Real estate - up to 90% (less for special-use properties)
- Business acquisition - up to 85%
- Equipment acquisition - up to 90%
- Debt refinance - up to 100%
- Business start-up - up to 80%
Maximum Term (Fully Amortized)
- Real estate purchase and refinance - 25 years
- Business or equipment acquisition - 10 years
- Working capital and inventory - 7 years
Collateral
- Business assets, business or personal real estate
Loan Costs
- Documentation fee - $1,750
- Appraisal, environment, title/escrow, etc.
SBA 504 Loans
SBA 504 loans offer Small Business owners flexibility with long-term funding up to 25 years. Program highlights are - lower capital requirements compared to traditional commercial real estate loans, fixed-rate options and financing ranging from $250,000 up to $10 million*.
Loan Size
- $250,000 to $5 Million
Advance Rates
- General purpose real estate - up to 90%
- Special purpose real estate - up to 85%
- Equipment financing up to 90%
Maximum Term (Fully Amortized)
- Bank first trust deed - 25 years
- SBA second trust deed - 20 years
Loan Costs
- Brokerage fee - 0.5% of first trust deed amount
- SBA fee - 2.65% of second trust deed amount
- Documentation fee - $1,750
- Appraisal, environment, title/escrow, etc.
