Give your small business the extra boost it needs with personalized SBA and commercial loans from Edward Voccola & Co., LLC. If you’re looking to expand your existing business or acquire another commercial property, we present a variety of loan options with favorable, flexible, and competitive rates. We’ll discuss your goals and present options that are likely to help you realistically achieve those goals.
During your initial visit, we provide details on our available loan packages and individual SBA loan requirements to allow you to make a well-informed decision.
We pay attention to details and can advise you on:
- Business Acquisition loans
- Refinancing
- Multipurpose loans
- Construction loans
- Retail Property loans
- Commercial Real Estate Mortgages
About the Loans
- Up to 80% LTV Financing for Business Acquisitions
- Up to 90% LTV Financing for Commercial Real Estate
- 100% LTV Financing for Medical Professionals
- Loans up to $25M
- Up to 25-year terms
- Fixed and variable rates available
Elligible Properties
- Office
- Retail
- Mixed Use
- Industrial
- Commercial Condos
- Manufacturing
- Warehouse
- Self-Storage
- Auto Service
- Funeral Homes
- Bars/Night Clubs
- Adult Living Facilities
- Day Care
- Marinas
- Restaurants
- Hospitality
- Gas Stations
- Campgrounds
- Bowling Alleys
- Other (Call for Eligibility)
With SBA loans there are two different types. There is the 504 and 7(a) loans. If you are looking to expand and help finance your business you would look for an 7(a) loan. If you are looking to own your commercial space the 504 loan can help you acquire land, buildings, construction and renovations. Click below for more information. The 504 also can serve as a 7(a) but with a longer term.
Other things the loan could be used for is working capital, and equipment in order to expand your business. Almost any type of for-profit business is eligible for financing. This includes day cares, churches, gas stations, and more.
Retail businesses cannot have annual sales exceeding $6M.
Manufacturing businesses cannot have more than 500 employees.
Servicing businesses cannot have more than 100 employees.
Debt refinancing up to 100% financing.
Up to 25 years for real estate financing.
Up to 10 years on equipment financing.
Up to 10 years for business acquisition financing.
Up to 7 years for permanent working capital financing.
Fees are collected at the acceptance of the LOI.
Below is a quick summary of the loan. It does not cover everything that the loan can do but is a good guideline.
Eligible Occupancy |
SBA 7(a) |
|
Loan Sizes
|
Up to $5 Million
|
|
Property Type
|
Equipment, land and commercial property that will be owner occupied.
|
|
Loan Types
|
Purchase, Construction, Working Capital
|
|
Cross Collateral
|
Yes
|
|
Credit Minimum
|
None
|
|
Loan to Value
|
Up to 90%
|
|
Terms (Yrs)
|
Quarterly Adjustable, 5, 10, 25
|
|
Amortization
|
10, 25
|
SBA 504 loan can help you get you financing for buying buildings, land, and even equipment for your business.
First mortgage can have a term up to 25 years for real estate and up to 15 years for equipment.
Second mortgage can have a term up to 20 years for real estate and up to 15 years for equipment.
Fees are collected at acceptance of LOI.
Below is a quick guideline for the 504 loan.
Eligible Occupancy |
SBA 504 (Owner) |
|
Loan Sizes
|
$500K-$10M
|
|
Property Types
|
All types except rental properties. Building needs to be used for owner’s business.
|
|
Loan Types
|
Purchase, Construction, Renovation and Conversion, Equipment
|
|
Cross Collateral
|
No
|
|
Credit Minimum
|
None
|
|
Foreign Nationals
|
No
|
|
Loan to Value
|
90%
|
|
Interest Rates
|
Starting as low as 4.25%
|
|
Terms (Yrs)
|
Quarterly Adjustable, 5, 10, 25
|