Commercial Real Estate Loan



Purchase or Refinance Commercial Real Estate with Bancovia Lenders

 

With 25-year terms and interest rates ranging from 5.75% to 7.00%*, SBA 7(a) loans are a great option for small businesses looking to refinance an existing commercial real estate mortgage, buy an office building or other owner-occupied commercial space. The rent replacement option with minimal down payment, offered by our preferred SBA lending banks, lets you keep more of your cash to invest in growing your business.

How It Works

 

Pre-qualify for an SBA 7(a) Commercial Real Estate Loan

 

 

Pre-qualify in as little as 5 minutes without impacting your credit score. Simply provide basic information online and we’ll automatically tell you if you prequalify for an SBA commercial real estate loan from $500,000 to $5 million.

 

Provide Financial Information

 

Provide financial information about your business and its owners. Your dedicated Relationship Manager can help with any questions.

 

Accept Your Letter of Intent

 

You will receive a non-binding letter of intent (LOI) outlining details of the SBA commercial real estate loan so you can negotiate terms with the property seller or your existing lender.

 

Conduct Property Valuation

 

During the SBA commercial real estate application process, the property you’re interested in will be valued. Your dedicated Relationship Manager helps facilitate this step.

 

Get Funded

 

Upload requested documents to complete your application. We’ll work with you through the loan closing process. Funds can be wired for closing in as fast as 30 days after credit approval.

What It Costs

The SBA Commercial Real Estate Loans offered by our preferred SBA lending banks, feature low rates, long terms, a rent replacement option with minimal down payment, and no balloon payments.

 

 

*At least 51% of the property’s square footage must be occupied by, and used by, your business
*The estimated purchase price must be greater than $350,000
*Rent replacement option requires a loan payment that does not exceed the current monthly lease expense

 

 

Apply Now