SBA 7(a) LOANS UP TO $2 MILLON

 Use of Funds/Terms

• Fully amortized, assumable
• Business acquistion-as low as 15% down, up to 10 years
• Equipment acquistion -up to 100% financing, up to 10 years
• Permanent working capital-up to 7 years
• Debt refinancing-7 to 10 years
• Real estate-as low as 10% down, up to 25 years for purchase, construction, refinance or improvmements (majority of space must be owner-occupied)

  SBA Fee

• SBA guarantee fee can be financed in most circumstances
• Variable rates

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SBA 504 LOANS UP TO $9 MILLION

 Use of Funds

• Purchase, construction and renovation of commercial, industrial or retail real estate
• Can be combined with major equipment purchase
• Majority of space must be owner-occupied

 Loan Structure

• Up to 65% LTV first mortgage on General Purpose Property-we provide up to $5 million
• Up to 60% LTV first mortage on Special purpose Property
• 25% to 40% LTV SBA 504 second mortage-SBA provides up to $4 million
• 10% minimum down payment

Terms

•  First Mortgage-25 years, fully amortized
  • Fixed and variable rates
• Second Mortgage-20 years, fully amortized
  • Fixed rate is determined at SBA-guraranteed 504 debenture sale

Fees

• First Mortgage-competitive fees
• Second Mortgage-2.65% (on average) plus legal review fee (SBA fee is financed)
• Additional fees applicable on construction loans

Download application

CONVENTIONAL LOANS UP TO $6 MILLION

Use of Funds

• Purchase or refinance commercial real estate, with cash out permitted

Programs

• Owner occupied or investment properties eligible
• Must be in business a minimum of 3 years

Terms

• 25-year loan term, fully amortized
• Up to 80% LTV Competiteve fee structures
• Fixed and variable rates

Timing

• Loan pre-qualification within 24 to 48 hours, with no charge or obligation
• Funding as fast as 30 to 45 days

Download application

 

For more information contact:  Rodney Borges
                                                Vice President, Manager
                                                470 Nevada St. Ste. 108, Auburn, CA 95603
                                                rodney.borges@plumasbank.com
                                                Office: 530.889.8616 ext 6701
                                                Fax:     530.889.8712