SBA Commercial Business Loan Approval Process flow

Our 90% to 100% financing program is available to Borrowers that meet the following criteria:

  • Business owner for three years- stable to upward cash revenue trends-three years of business tax returns required.

  • Currently renting and looking to buy a lot and build a building or buy a building to rehab and/or as - is.

  • Business must occupy a 51% footprint of the building being purchased.

  • Mixed use – okay.

  • $ 500K to $ 5M Loan amount- Large Cap.

  • $ 25K to $ 500K- Small Cap.

  • Amortization up to 25-year term on purchase of a building

  • Interest rate: Wall Street Prime

  • + margin (2.75%) , SBA Guaranteed, P & I payment,

  • payment adjusts quarterly.

  • No balloons, call provisions or financial covenants.

  • Prepayment penalty for first 3 years (5%, 3%, 1%)-can pay down principal up to 20% per year without a penalty.

  • You will have a Nationwide footprint in working with us.

  • 60-day closings with responsive borrower.

  • 90 days with borrower delays

  • 120 for new construction and rehab projects (due to permits)

  • Credit score of 680 and above

  • No bankruptcy or foreclosure in past 5 years.

  • Borrower is looking to buy a building with 100% financing to expand their business.

  • Roll closing costs and equipment into the loan.

  • Financing available for: industrial, manufacturing, hair/nail salon, medical/professional, gas stations/convenience stores, franchise restaurants and more!

  • 48-72 hour pre-screening review of credit package, with no charge or obligation

  • Business must be organized as a for profit company

Additional Programs

  • 90% Business Acquisition, Franchise acquisition,

  • Expansion, Partner Buyout,

  • Working capital, Equipment, Vehicles and Inventory

  • 85% Start-up for selected concepts.

  • Must have 3-5 years management experience in field.

Documents Needed

  • 3 Years Personal and Business tax returns ( of any business owned)

  • Current Interim Profit and Loss and Balance Sheet

  • Q2 Estimated Project Cost form, Business Debt Schedule, Management Resume and Personal Financial Statement (application)

  • Start-up, Expansion and Purchase of a business/franchise we will need a complete three-year business plan w/ 2-year projections reflecting Profit and Loss & resumes of key management.

  • Plans and Specifications, Construction contract, draw schedule, timeline and breakdown on permits required-New Construction and rehab projects.

  • IF an acquisition of an existing business, we will need three years business tax returns and financials of their business.

  • Purchase Contract

  • ID’s

  • Notes for debt to be refinanced.

100 S. Ashley Drive, Suit 1150, Tampa, FL 33602

HAF Business Associates provides commercial loans and business financing solutions. All loan programs are subject to approval based on applicant creditworthiness, property eligibility, and other factors. Loan terms, interest rates, and fees are subject to change without notice. This website is for informational purposes only and does not constitute a commitment to lend. HAF Business Associates is not responsible for any errors or omissions in the information provided. The availability of these products may vary based on individual qualifications and state regulations. All loan programs and terms are subject to change without notice. To ensure that you are receiving the most up-to-date and accurate information, please contact us directly. Privacy Policy