*SBA can guarantee as much as 85% on loans of up to $150,000 and 75% on loans of more than $150,000. SBA’s maximum exposure amount is $3,750,000. Thus, if a business receives an SBA-guaranteed loan for $5 Million, the maximum guarantee to the lender will be $3,750,000 or 75%. SBA Express loans have a maximum guarantee set at 50%. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.
Mary owns a bakery in Alhambra, California. It is actually a coffee shop, and a bakery with an open kitchen where her staff produces incredible desserts and pastry. She gave me a truffle to taste. It was the best I ever had in my entire life.
Unfortunately (or fortunately for my waistline), she cannot ship them because she doesn’t use any preservatives and the shell is very fragile.
Mary was at the location for 15 years, when suddenly she was informed that the building was going to unexpectedly be sold for $930,000. She wanted to buy the building, and to do this I was able to secure her an SBA (Small Business Administration) loan with only 10% or $93,000 as a down payment.
Whom do you know that might benefit from creative mortgage solutions?
Do not keep me as a secret.
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