Small Business Administration Lending Southwest Securities, FSB is honored to be designated as a Preferred Lender for the U.S. Small Business Administration (SBA). This certification allows our SBA Lending Division to approve, process, and fund your loans faster. We have a dedicated staff of trained professionals to help expedite the SBA loan process for you. Our Business Development Officers have over 100 combined years of SBA knowledge and experience and are committed to helping you obtain the SBA financing you need to achieve your small business dream.

SBA 7(a) Loan Program     printable version WHAT IS THE 7(a) PROGRAM? Financing designed to promote small business formation and growth by guaranteeing long-term loans to qualified firms. WHO CAN QUALIFY? Most for-profit small businesses in the U.S. are eligible. This includes the following business types: Manufacturers, retail and service businesses, franchises and professional businesses. Size standards are in place. Please call for more detailed information. ELIGIBLE USE OF FUNDS Owner Occupied Real Estate - Purchase, Refinance & Expansion Owner Occupied Real Estate Construction Machinery, Equipment, Furniture & Fixtures Business Acquisitions Inventory Working Capital Debt Refinance (subject to specific eligibility requirements) Tenant Improvements Startups BENEFITS FOR BORROWERS Finance up to 90% of the project w/commercial real estate Low equity contribution (preserves working capital) Fully amortizing loans Some soft costs may be rolled into the project financing LOAN AMOUNT $250,000 - $2,000,000 TERMS Up to 25 years for Commercial Real Estate Up to 10 years for Equipment and Business Acquisitions Up to 7 years for Working Capital Fully-Amortized over life of loan (no balloon) LOAN TO VALUE Up to 90% INTEREST RATE Variable Rate based on a spread over the WSJ Prime Rate FEES One time SBA Loan Guarantee Fee based upon guaranteed amount No loan origination fee BORROWER'S INJECTION Equity will start as low as 10% on commercial real estate RECOURSE Personal Guarantees required for all individuals owning 20% or more Corporate Guarantees may be required for affiliated companies OCCUPANCY 51% for existing facilities/buildings (renovations and expansions are eligible) 60% for Ground-Up Construction Projects (should occupy 80% within 10 years) SAMPLE PROJECTS FINANCED BY 7(a) Office Buildings Medical Clinics Franchises Restaurants Car Wash Child/Adult/Pet Daycare Dentists Printing/Copying Suppliers/Wholesalers Manufacturers Movie Theaters

SBA 504 Loan Program     printable version WHAT IS THE 504 PROGRAM? Co-Lender financing designed to facilitate the acquisition of capital assets for small businesses WHO CAN QUALIFY? Most for-profit, owner-occupied small businesses in the U.S. with a net worth less than $8.5 million and net profit after tax (2 year average) of no more than $3.0 million; or manufacturer with less than 500 employees. ELIGIBLE USE OF FUNDS Owner Occupied Real Estate - Purchase and Expansion Owner Occupied Real Estate Construction Long Term Machinery & Equipment Fixed Assets for Business Acquisition Building Expansion Start Ups Occupancy 51% for existing facilities/buildings (renovations and expansions are eligible) 60% for Ground-Up Construction Projects (should occupy 80% within 10 years) BENEFITS FOR BORROWERS SWS, FSB will finance up to 50% of the project at a long-term, variable rate Certified Development Company (CDC) will finance up to 40% of the project at a fixed-rate Lower equity contribution, as little as 10% of project (preserve working capital) LOAN AMOUNT $500,000 - $6,000,000 TERMS Loan is divided into 1st and 2nd Liens 1st Lien up to 25 Years for Commercial R/E 2nd Lien up to 20 years for Commercial R/E 1st & 2nd Liens up to 10 years for Equipment Fixed-rate for term of loan on the 2nd Lien Fully-Amortized over life of loan (no balloon) LOAN TO VALUE Up to 90% INTEREST RATE SWS, FSB 1st Lien - Variable Rates Apply SBA 504 Debenture/2nd Lien - Fixed-rate set by the SBA for the term of the loan FEES SWS, FSB 1st Lien: Origination Fee Applies SBA 504 Debenture/2nd Lien: Set by CDC/SBA BORROWER'S INJECTION 10% in most cases 15% for Start Up Businesses (less than 2 years in operation) or Special Purpose 20% if the project is both a Start Up and Special Purpose RECOURSE Personal Guarantees required for all individuals owning 20% or more Corporate Guarantees may be required for affiliated companies SAMPLE PROJECTS FINANCED BY 504 Office Buildings Medical Clinics Franchises Restaurants Car Wash Child/Adult/Pet Daycare Dentists Printing/Copying Suppliers/Wholesalers Manufacturers Movie Theaters

SBA Loan Comparison Chart     printable version   SBA 7(a) Loan Program SBA 504 Loan Program Use of Funds Owner Occupied Commercial Real Estate - Purchase, Refinance & Expansion Owner Occupied Real Estate Construction Machinery and Equipment Business Acquisitions Fixtures and Furniture Inventory and Other Business Assets Working Capital Tenant Improvements Debt Refinance (subject to specific eligibility requirements) Start Ups Owner Occupied Commercial Real Estate - Purchase & Expansion Owner Occupied Real Estate Construction Long Term Machinery and Equipment Fixed Assets for Business Acquisition Building Expansion Start Ups Loan Amount $250,000 to $2,000,000 $500,000 to $6,000,000 Loan to Value Up to 90% Up to 90% Interest Rate Variable Rate based on a spread over the WSJ Prime Rate SWS, FSB 1st lien - Variable Rates SBA 504 Debenture (2nd lien) - Fixed rate set by the SBA (term of the loan) Terms Up to 25 years for Commercial R/E Up to 10 years for Equipment and Business Acquisitions Up to 7 years for Working Capital Fully amortized over the life of the loan (no balloon) 1st lien up to 25 years (Comm. R/E) 2nd lien up to 20 years for R/E 1st & 2nd liens up to 10 years for Equipment Fully amortized over the life of the loan (no balloon) Borrower's Injection As low as 10% on Commercial R/E 10% Standard +5% if Special Use +5% if Start Up Fees One time SBA loan guarantee fee based upon guaranteed amount No loan origination fee SWS, FSB 1st lien: Origination Fee SBA 504 Debenture: Set by CDC/SBA Recourse Personal Guarantees required for all individuals owning 20% or more Corporate Guarantees may be required for affiliated companies Personal Guarantees required for all individuals owning 20% or more Corporate Guarantees may be required for affiliated companies Other Considerations Appraisal and Environmental Reports Appraisal and Environmental Reports Benefits for Borrowers Finance up to 90% of the project with commercial real estate Low equity contribution (preserves working capital) Fully amortizing loans Most soft costs may be rolled into the project financing SWS, FSB will finance up to 50% of the project at a long term, variable rate CDC will finance up to 40% of the project at a fixed rate Low equity contribution - as little as 10% of project (preserves working capital) Most soft costs may be rolled into the project financing

Featured SBA Transactions

SBA Related Links   U.S. Small Business Administration (SBA) www.sba.gov   Office of Small Business Development Centers www.sba.gov/sbdc   U.S. Official Business Link to the U.S. Government www.business.gov   National Association of Development Companies www.nadco.org   Counselors to America’s Small Business www.score.org   National Association of Government Guaranteed Lenders www.naggl.org

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You are leaving Southwest Securities, FSB You are leaving www.southwestsecuritiesfsb.com and entering a web site that Southwest Securities, FSB does not monitor or control. Southwest Securities, FSB has provided this link for your convenience. We do not endorse this site and are not responsible for the content, link, privacy policy, or security policy of the web site you are about to visit.   Continue to www.naggl.org    Back to SBA Related Links