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Solidon Finance
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SBA Loans
Available
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In process
We have matched our client with the best lender and it is under process. You can still review the credit request summary.
Completed
Final approval has been obtained and the loan has been funded
Completed
(Funded on April 2019)
- Financing Required: $1,500,000
- Purpose: Purchase of Retail-Property (4 Units)
- Property Type: Retail
- Target Rate: below 5.75% fixed rate for minimum 5 years / 25 years
Highlights
- Two of the units will be occupied by the owner's business
(Dental Office)
- Historically proven cash flow to service the debt
- Great visibility from the major street
- Potential to increase the rent and convert to NNN
Completed
(Funded on September 2018)
- Financing Required: $550,000
- Purchase of the Existing Business (Liquor Market)
- Business has been operating for over 30 years
- Current seller has been operating for 12 years
- Excellent cash flow with average DCR 1.35 x
- Buyer's extensive experience (over 20 years)
- Solid customer base (90% of customers are repeat customers)
- Financing Required: $377,000
- Purchase of the Existing Restaurant Business
- Business has been operating for over 15 Years
- Excellent cash flow with average DCR 1.42 x
- Increasing trend of revenues for the past 3 years
- Prime location of the business
Completed
(Funded on March 2018)
Result:
- Loan Type: SBA 7(a)
- Interest Rate: WSJ P + 1.50%
- Term: 10 Years
- Highlights: SBA Packaging fee $1,500 waived
- Financing Required: $3,735,000
- Purchase of Industrial Warehouse Property (29,040sf)
- Business has been operating for over 20 Years
- Current tenant at the subject property
- Excellent cash flow with average DCR 1.57 x
- Stabilized sales revenue and solid customer base
Completed
(Funded on Jan 2018)
Result:
- Loan Type: SBA 504
- Interest Rate: 4.125% Fixed Rate for the 1st Loan
- Term: 7 Years / 20 Years due for the CDC Loan
Highlights:
- 10% Down Payment
- Closed within 30 days from the escrow opening date.
Completed
(Funded on Jan 2018)
- Financing Required: $650,000
- Purchase of the real estate property for owner-occupied use
- Convert the existing property to dental office
- 90% Financing for purchase of the real property and 80% financing for construction
- Satisfactory cash flow from the borrower's existing business
- The current dental office is only few blocks away from the subject.
- Over 10 years of experience
Result:
Interest Rate: 4.25 Fixed for 10 Years
Term: 30 Years
Highlights: 120% Financing, including the cost of leasehold improvement.
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