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Loan Programs

Mid-Atlantic Financial Partners specializes in many types of SBA and commercial loan programs. Choose from one of the many business financing solutions below to take advantage of our competitive terms.

 

Conventional

SBA 504 Loan Specifications  

SBA 7(a) Loan Specifications 

Purpose:

Acquisition, Refinance, Expansion, Construction/Renovation, Machinery and Equipment, Working Capital, and Recapitalization

Acquisition, Expansion, or Construction/Renovation of Commercial Real Estate and/or Machinery and Equipment

Acquisition, Refinance, Expansion, Construction/ Renovation, Machinery and Equipment, Inventory, and Working Capital

Loan Amount:

$150,000 - $6,000,000

1st Mortgage (50%): $100,000 - $4,500,000
2nd Mortgage (40%): $80,000 - $3,600,000

 $150,000 - $5,000,000

Interest Rate:

Fixed Rates: Ranging from 4.75% to 6.50%
Adjustable Rates: 5-Year Treasury Constant Maturity plus Margins Ranging from 2.75% to 4.50%

1st Mortgage (Conventional Permanent):
Fixed Rates: Ranging From 4.75% - 6.50%
Adjustable Rates: 5-year Treasury Constant Maturity ("TCM") Plus Margins ranging from 2.75% - 4.50%

2nd Mortgage (SBA):
Fixed Rates: Determined by SBA at Closing

Interim Mortgage (Conventional Bridge):
Fixed Rates: Ranging from 4.75% - 6.50%

Floating Rate up to 2.75% over Wall Street Journal Prime

Term:

5-20 Years with Amortization Periods of 5-25 Years

First & Second Mortgages: Up to 20 years

Up to 25 Years, Fully Amortized

Fee:

1% Commitment Fee

First Mortgage: 1.5% Commitment Fee
Interim Mortgage: 1.0% Commitment Fee

One-Time SBA Guarantee Fee

Diversity:

*Nationwide to a variety of industries (restrictions may apply)

Mid-Atlantic Region

Nationwide to a variety of industries (Restrictions may apply)

Prepayment Penalty:

No Prepayment Penalties

First Mortgage: No prepayment penalties
Second Mortgage: Declining for ½ of term

No Prepayment penalty for loans with maturities of less than 15 Years | For loans with maturities of 15 years or more, a prepayment penalty of 5% in year 1, 3% in year 2, 1% in year 3, and 0% from year 4 to maturity of loan.

Collateral Position:

Lien position on commercial or residential real estate and/or secondary collateral up to a maximum Loan-to-Value of 80%)

Lien position on commercial or residential real estate and/or secondary collateral)

Lien position on commercial or residential real estate, UCC filings on all business assets, and/or secondary collateral)

Recourse:

Full guarantee of all Principals with 20% or more ownership

Full guarantee of all Principals with 20% or more ownership

Full Guarantee of All Principals who have 20% or more ownership

Debt Service Ratio:

Minimum 1.25X

Minimum 1.25X

Minimum 1.25X

Financial Data:

Business: 3 full years of historical business tax returns and interim financial statements for current year | One year of projections for existing business or 3 years of month-over-month projections for start-up businesses | Current Debt Schedule of the Borrower
Personal: 3 full years of historical personal tax returns | Current Personal Financial Statement of Principals with 20% or more ownership | Signed Credit Authorization of Principals with 20% or more ownership

Business: 3 full years of historical business tax returns and interim financial statements for current year | One year of projections for existing business or 3 years of month-over-month projections for start-up businesses | Current Debt Schedule of the Borrower
Personal: 3 full years of historical personal tax returns | Current Personal Financial Statement of Principals with 20% or more ownership | Signed Credit Authorization of Principals with 20% or more ownership

Business: 3 full years of historical business tax returns and interim financial statements for current year | One year of projections for existing business or 3 years of month-over-month projections for start-up businesses | Current Debt Schedule of the Borrower
Personal: 3 full years of historical personal tax returns | Current Personal Financial Statement of Principals with 20% or more ownership | Signed Credit Authorization of Principals with 20% or more ownership

3rd Party Reports:

Appraisal and Environmental Study

Appraisal and Environmental Study

Appraisal and Environmental Study