{"id":20566,"date":"2023-04-20T09:07:24","date_gmt":"2023-04-20T09:07:24","guid":{"rendered":"https:\/\/swoopfunding.com\/us\/?post_type=sba-loans&#038;p=20566"},"modified":"2024-08-29T09:15:27","modified_gmt":"2024-08-29T09:15:27","slug":"sba-real-estate-loans","status":"publish","type":"sba-loans","link":"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-real-estate-loans\/","title":{"rendered":"SBA real estate loans"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20566\" class=\"elementor elementor-20566\" data-elementor-post-type=\"sba-loans\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c1a6265 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c1a6265\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ad5d7e1\" data-id=\"3ad5d7e1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d40a1b2 elementor-widget elementor-widget-heading\" data-id=\"5d40a1b2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">SBA real estate loans <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43dd3101 elementor-widget elementor-widget-text-editor\" data-id=\"43dd3101\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you need financing for real estate purposes\u2014to buy property, renovate a building or construct a new facility\u2014the SBA has two helpful loan options.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2867eac2 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"2867eac2\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7c433718 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7c433718\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14237f10\" data-id=\"14237f10\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-872745f elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"872745f\" data-element_type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ca3310b elementor-widget elementor-widget-text-editor\" data-id=\"5ca3310b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Buying commercial property or renovating existing facilities is expensive, but it can be a worthwhile investment in your business\u2019s growth and success. Among the myriad financing options available are SBA real estate loans. Keep reading to learn more about how these loans work, what it takes to qualify and how you can apply.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-feff95f elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"feff95f\" data-element_type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"SBA real estate loans\",\n          \n          \"datePublished\": \"2023-04-20T09:07:24+00:00\",\n          \"dateModified\": \"2024-08-29T09:15:27+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Paige Smith\",\n              \"url\": \"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\" aria-label=\"Paige Smith\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg?is-pending-load=1\" alt=\"Paige Smith\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\">Paige Smith<\/a>. <span>Last reviewed on August 29, 2024<\/span>. <span>Next review due October 1, 2026.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Paige Smith<\/div>\n <div class=\"role-user\">Expert financial copywriter<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Paige Smith is a content marketing writer specializing in the intersection of business, finance, and tech. Paige regularly features on a number of B2B finance and fintech websites including Fundera, Funding Circle, Fundbox and Nav, amongst others.<\/div>\n<\/div>\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5de8d44c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5de8d44c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-455042f3\" data-id=\"455042f3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5970f871 elementor-widget elementor-widget-heading\" data-id=\"5970f871\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The benefits of owning business property<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2739030a elementor-widget elementor-widget-spacer\" data-id=\"2739030a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bada4e8 elementor-widget elementor-widget-text-editor\" data-id=\"2bada4e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">There are countless advantages of owning property as a business owner. Not only can commercial ownership pay off financially if your property appreciates over the long term, but it also gives you more freedom over your day-to-day operations. Here are some benefits to consider:<\/span><\/p><ul><li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">more control over the place where you conduct business\u00a0<\/span><\/li><li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">equity in your investment<\/span><\/li><li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">fixed mortgage costs<\/span><\/li><li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">potential to generate rental income later on<\/span><\/li><li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">tax benefits<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78d503c6 elementor-widget elementor-widget-spacer\" data-id=\"78d503c6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66d193d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"66d193d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-675e56df elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"675e56df\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-115ab3c2\" data-id=\"115ab3c2\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t<div class=\"elementor-element elementor-element-98f7344 e-flex e-con-boxed e-con e-parent\" data-id=\"98f7344\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b43c507 elementor-widget elementor-widget-heading\" data-id=\"b43c507\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is an SBA real estate loan?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a27f0f elementor-widget elementor-widget-text-editor\" data-id=\"8a27f0f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">An SBA <a href=\"https:\/\/swoopfunding.com\/us\/commercial-real-estate\/\">commercial real estate<\/a> loan is a long-term loan that you can use for real estate purchases and related endeavors, like constructing new facilities, renovating existing buildings and making land improvements.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Like other <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/\"><span style=\"font-weight: 400;\">SBA loans<\/span><\/a><span style=\"font-weight: 400;\">, SBA real estate loans have long repayment periods and <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-rates\/\"><span style=\"font-weight: 400;\">lower interest rates<\/span><\/a><span style=\"font-weight: 400;\"> than many other lenders\u2014but the qualification standards are high. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1b99437b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b99437b\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3044ba4e\" data-id=\"3044ba4e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6cede212 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6cede212\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-63452251\" data-id=\"63452251\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3545ae73 elementor-widget elementor-widget-heading\" data-id=\"3545ae73\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Types of SBA real estate loans<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-4de7206 elementor-widget elementor-widget-text-editor\" data-id=\"4de7206\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">You can\u2019t use <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-microloans\/\">SBA Microloans<\/a> or SBA Express Loans for real estate purposes. However, there are two SBA loans designed for real estate financing: the SBA 504 loan and the SBA 7(a) loan. We\u2019ll go over each one in detail.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-168d3394 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"168d3394\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-a9101f0 e-flex e-con-boxed e-con e-parent\" data-id=\"a9101f0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c6c4213 elementor-widget elementor-widget-heading\" data-id=\"c6c4213\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SBA 504 loan program<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fcc2033 elementor-widget elementor-widget-text-editor\" data-id=\"fcc2033\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-504-loans\/\"><span style=\"font-weight: 400;\">SBA 504 loan program<\/span><\/a><span style=\"font-weight: 400;\"> provides long-term, fixed-rate financing for major assets that promote business growth and job creation. If you qualify, you can get up to $5.5 million to use for various real estate needs. If you qualify for certain energy-related real estate projects, you could receive a 504 loan for up to $5.5 million per project, for up to three projects.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The SBA offers 504 loans through Certified Development Companies (CDCs), nonprofit mission-based lenders who contribute to the economic development of their communities. Though CDCs administer 504 loans, they don\u2019t fund the entirety of the loans themselves. CDCs provide 40% of a 504 loan, a third-party lender like a bank or credit union provides 50%, and the borrower covers the remaining 10% as a <a href=\"https:\/\/swoopfunding.com\/us\/business-glossary\/down-payment\/\">down payment<\/a>. The SBA offers a 100% guarantee on the CDC portion of the loan.\u00a0<\/span><\/p><h3><strong>What can you use a 504 loan for?<\/strong><\/h3><p><span style=\"font-weight: 400;\">You can use a 504 loan to purchase existing buildings or land, buy long-term machinery and equipment, and construct new facilities. You can also use the funds to improve, renovate or modernize existing facilities, land, streets, utilities, parking lots and landscaping.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Imagine, for example, that you own a kids play center and the land it sits on. If you want to build a new facility on the land to expand your play center, you could use a 504 loan to hire an architect and construction crew, as well as pay for construction equipment.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">You can\u2019t use a 504 loan for <\/span><a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/working-capital-loans\/\"><span style=\"font-weight: 400;\">working capital purposes<\/span><\/a><span style=\"font-weight: 400;\">, to purchase inventory, to invest in rental real estate or to consolidate or refinance your debt.\u00a0<\/span><\/p><h3><strong>Rates and terms for a 504 loan<\/strong><\/h3><p><span style=\"font-weight: 400;\">You can get up to $5.5 million in funds with a 504 loan. The repayment term for real estate uses is 20 or 25 years, and for equipment it\u2019s 10 years. Because you already put down 10% as the borrower, you don\u2019t need to provide additional collateral; the project assets serve as collateral. However, if you own 20% or more of your business, you still need to sign a personal guarantee.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Interest rates from CDCs are fixed, meaning they won\u2019t change over the course of your loan. The SBA puts 504 loan interest rates at an increment above the current market rate for 10-year US Treasury issues. The interest totals approximately 3% of your debt. As of April 2023, the <\/span><a href=\"https:\/\/cdcloans.com\/sba-504-rates\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">current interest rate on a 504 loan is 5.8%<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">Keep in mind, though, that the interest rate on the third-party portion of the loan can be either fixed or variable, and depends on the lender.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">As for fees, here\u2019s what you can expect with a 504 loan:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The guaranty fee for 504 loans is up to 1.5% on the CDC\u2019s share and 0.5% on the third-party lender share.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CDCs also charge a monthly servicing fee of 0.625%-1.5% on your loan\u2019s unpaid balance.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The ongoing guaranty fee is 0.9375% of the principal outstanding.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The prepayment penalty starts at 3% of the loan\u2019s value in the first year, then declines each year until it reaches 0% in year 11 (halfway through a 20-year term for real estate purchases).<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/li><\/ul><p>To work out the monthly repayments of your loan, use our <a href=\"https:\/\/swoopfunding.com\/us\/sba-loan-calculator\/\">SBA loan calculator<\/a> here.<\/p><h3><strong>How do you qualify for a 504 loan?\u00a0<\/strong><\/h3><p><span style=\"font-weight: 400;\">To qualify for a 504 loan, your business must:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">operate as a for-profit company in the United States or its possessions<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">have a tangible net worth of less than\u202f$15 million<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">have an average net income of less than $5 million after federal income taxes for the two years preceding your application.\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">You also have to fall within the <\/span><a href=\"https:\/\/www.sba.gov\/size-standards\/index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SBA\u2019s small business size guidelines<\/span><\/a><span style=\"font-weight: 400;\">, show a detailed business plan, prove that you have relevant management expertise, and be able to demonstrate good character and an ability to repay the loan. Plus, you have to abide by specific 504 loan guidelines:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For existing real estate projects, your building must be at least 51% owner occupied.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For new real estate projects, your building must be 60% or more owner occupied.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your real estate projects must meet either the <\/span><a href=\"https:\/\/www.sba.gov\/sites\/default\/files\/oed_files\/CDC_504_Facts.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SBA\u2019s job creation and retention requirement<\/span><\/a> <i><span style=\"font-weight: 400;\">or<\/span><\/i><span style=\"font-weight: 400;\"> at least one community development, public policy, or energy reduction goal. For example, the job creation requirement says that the business must create or retain one job for every $65,000 the SBA gives.\u00a0<\/span><\/li><\/ul><h3><strong>How to apply for a 504 loan<\/strong><\/h3><p><span style=\"font-weight: 400;\">Take the following steps to apply for a 504 loan:<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Collect your financial documents:<\/b><span style=\"font-weight: 400;\"> That includes your personal and business income tax returns for the previous three years, profit and loss statements from the past three years, your business\u2019s debt schedule and financial projections for a one-year period. If you\u2019re buying an existing business, you\u2019ll also need the current owner\u2019s tax returns from the previous three years, an interim financial statement and a signed purchase agreement.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Update your business plan: <\/b><span style=\"font-weight: 400;\">Make sure you include a cost breakdown of what you need the real estate financing for, how the funds will contribute to your business\u2019s growth and how the project will satisfy the SBA\u2019s job creation or community development requirements.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Get your finances in order: <\/b><span style=\"font-weight: 400;\">Make sure you have enough capital to provide a 10% down payment as part of your financing. <\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.sba.gov\/local-assistance\/find?type=Certified%20development%20company&amp;pageNumber=1\" target=\"_blank\" rel=\"noopener\"><b>Find a CDC<\/b><\/a><b>\u202f in your area:<\/b> Your local CDC will walk you through the loan application process, including providing you with additional loan application documents and connecting you with third-party lenders.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c4752c elementor-align-center elementor-widget elementor-widget-button\" data-id=\"9c4752c\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4d2e9ab e-flex e-con-boxed e-con e-parent\" data-id=\"4d2e9ab\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-80ebd48 elementor-widget elementor-widget-heading\" data-id=\"80ebd48\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SBA 7(a) loan program<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3d4c25 elementor-widget elementor-widget-text-editor\" data-id=\"e3d4c25\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The second option for an SBA real estate loan is the <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-loans\/\"><span style=\"font-weight: 400;\">SBA 7(a) loan<\/span><\/a><span style=\"font-weight: 400;\">. This loan, which is the SBA\u2019s most common business financing program, gives you up to $5 million for a variety of financing needs, including purchasing real estate.\u00a0<\/span><\/p><h3><strong>What can you use a 7(a) loan for?\u00a0<\/strong><\/h3><p><span style=\"font-weight: 400;\">One of the main appeals of the 7(a) loan is its versatility. You can use the SBA 7(a) loan to:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">purchase commercial buildings or land<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">construct new buildings\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">renovate existing buildings\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">use for long and short-term working capital<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">purchase inventory, equipment, machinery, furniture, fixtures, supplies, and materials<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">refinance debt.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Let\u2019s say, for example, that you own a popular coffee shop in your community and want to buy the building next door to expand into <a href=\"https:\/\/swoopfunding.com\/us\/start-a-business\/restaurant\/\">a restaurant<\/a>. You could use the capital from a 7(a) loan to cover the cost of the purchase, renovate the interior to your liking, and buy new equipment, furniture and lighting for the restaurant.\u00a0<\/span><\/p><h3><strong>Rates and terms of a 7(a) loan<\/strong><\/h3><p><span style=\"font-weight: 400;\">You can get up to $5 million to use on real estate and related expenses for a 7(a) loan. The repayment term for real estate purchases is 25 years. If you use your funds on equipment, working capital or inventory, the repayment term is 10 years.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Interest rates depend on the lender you work with, but the SBA has maximum rates based on the prime rate. The prime rate as of April 2023 is 8%, which means the current interest rate for 7(a) loans with 25-year repayment terms is 10.75%. Here are interest rates for variable 7(a) loans, according to the size and length of the loan:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>$25,000 or less: <\/b><span style=\"font-weight: 400;\">Base rate plus 4.25% if the term is under seven years; base rate plus 4.75% if the term is more than seven years<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Between $25,000 and $50,000: <\/b><span style=\"font-weight: 400;\">Base rate plus 3.25% if the term is under seven years; base rate plus 3.75% if the term is more than seven years<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Above $50,000: <\/b><span style=\"font-weight: 400;\">Base rate plus 2.25% if the term is under seven years; base rate plus 2.75% if the term is more than seven years<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">For 7(a) loans used for real estate purchases, you typically need to provide a down payment of 10%. You also have to sign a personal guarantee if you own 20% or more of your business, and might have to provide additional collateral depending on the lender.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">As for guaranty fees, here are the fees charged on the guaranteed portion of the loan:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$150,001-$700,000 = 3.0%<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$700,000-$1,000,000 = 3.5%<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">3.75% extra on guaranty portion over $1 million<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ongoing fee of 0.52% on loans over $150,000.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">With 7(a) loans, there\u2019s no prepayment penalty for loans with repayment terms under 15 years. However, for loans with terms over 15 years, you\u2019ll have a prepayment penalty of 5% if you pay your loan off the first year of your loan term, 3% the second year and 1% the third year.\u00a0<\/span><\/p><h3><strong>How do you qualify for a 7(a) loan?\u00a0<\/strong><\/h3><p><span style=\"font-weight: 400;\">To qualify for a 7(a) real estate loan, your business has to:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meet the <\/span><a href=\"https:\/\/www.sba.gov\/size-standards\/index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SBA\u2019s small business size guidelines<\/span><\/a><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">operate for profit<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">be engaged in, or propose to do business in, the US or its territories<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">have reasonable owner equity to invest<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">use alternative financial resources, including personal assets, before seeking financial assistance<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">be able to demonstrate a need for a loan\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">use the funds for a sound business purpose\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">not be delinquent on any existing debt obligations to the US government.\u00a0<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Though you don\u2019t have to meet the SBA\u2019s job creation goals for the 7(a) loan, you do have to abide by two occupancy standards:\u00a0<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For existing real estate projects, your building must be at least 51% owner occupied.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">For new real estate projects, your building must be 60% or more owner occupied.\u00a0<\/span><\/li><\/ul><h3><strong>How to apply for an SBA 7(a) loan<\/strong><\/h3><p><span style=\"font-weight: 400;\">If you want to apply for a 7(a) real estate loan, take the following steps:<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Review the application checklist: <\/b><span style=\"font-weight: 400;\">Check out the SBA\u2019s <\/span><a href=\"https:\/\/www.sba.gov\/sites\/default\/files\/2021-01\/7a_Loan_Application_Checklist.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">full application checklist for SBA 7(a) loans<\/span><\/a><span style=\"font-weight: 400;\">, and make sure you have your documents in order. In addition to your business\u2019s income statements and balance sheets for the last three years, you\u2019ll also need tax returns for the past three years and <a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/cash-flow-loans\/\">cash flow<\/a> projections for a one-year period.\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Expand your business plan: <\/b><span style=\"font-weight: 400;\">In the finances section of your business plan, add an explanation of what exactly you need real estate financing for and how the funds will benefit your business.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Contact a lender in your area: <\/b>You can <a href=\"https:\/\/www.sba.gov\/partners\/lenders\/microloan-program\/list-lenders\" target=\"_blank\" rel=\"noopener\">search for an intermediary lender in your area here<\/a>, or register with Swoop to get matched with the right lender for you.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d84f21 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"6d84f21\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7a0c40c e-flex e-con-boxed e-con e-parent\" data-id=\"7a0c40c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8e12081 elementor-widget elementor-widget-heading\" data-id=\"8e12081\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pros and cons of SBA real estate loans<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b20c8a8 elementor-widget elementor-widget-text-editor\" data-id=\"b20c8a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Using an SBA real estate loan to finance your real estate-related projects lets you preserve your cash while taking advantage of an exciting opportunity. However, before you move forward with an SBA real estate loan, it\u2019s important to weigh the pros and cons:<\/span><\/p><h3><strong>Pros<\/strong><\/h3><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">high borrowing amounts<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">long repayment terms<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">affordable interest rates compared to bank loans and online lenders.<\/span><\/li><\/ul><h3><strong>Cons<\/strong><\/h3><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">high credit qualification (lenders usually look for scores of 640 or higher)\u00a0<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">lengthy application process and turnaround time<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">10% down payment required.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c07f43f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"c07f43f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e86e727 e-flex e-con-boxed e-con e-parent\" data-id=\"e86e727\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f43caa6 elementor-widget elementor-widget-heading\" data-id=\"f43caa6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to decide which SBA real estate loan is right for you<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a99046 elementor-widget elementor-widget-text-editor\" data-id=\"2a99046\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-vs-504-loans\/\"><span style=\"font-weight: 400;\">504 loan and the 7(a) loan<\/span><\/a><span style=\"font-weight: 400;\"> both give you the option to fund real estate-related ventures in your business, but they have slightly different terms and benefits. Consider these factors when comparing your options:<\/span><\/p><ul><li><b>Loan purpose: <\/b><span style=\"font-weight: 400;\">How will you use the funds? If you want to purchase commercial property, buy heavy construction equipment or undergo a big renovation, a 504 loan is a good\u2014and potentially more affordable\u2014solution. However, if you want to combine a real estate purchase with non real estate needs, a 7(a) loan might be a better bet. The 7(a) gives you the flexibility to use your funds on areas like working capital and inventory, whereas a 504 loan is strictly for real estate endeavors.\u00a0<\/span><\/li><li><b>Job creation and public policy requirements:<\/b><span style=\"font-weight: 400;\"> If you meet the SBA\u2019s job creation or public policy requirements, the 504 loan can give you a more affordable interest rate than the 7(a) loan.\u00a0<\/span><\/li><li><b>Collateral: <\/b><span style=\"font-weight: 400;\">Some 7(a) lenders might require additional collateral on top of your 10% down payment, but that&#8217;s not the case with 504 loans. If you only want to put down 10% of your loan, a 504 loan is the way to go.\u00a0<\/span><\/li><li><b>Fees: <\/b><span style=\"font-weight: 400;\">Guaranty fees and prepayment penalties tend to be less expensive for 504 loans than 7(a) loans (unless you pay off your 504 loan in the first year).\u00a0<\/span><\/li><\/ul><p><b>The 7(a) loan is a good option for you<\/b><span style=\"font-weight: 400;\"> if you want flexibility to use the funds for non real estate purposes or don\u2019t meet the SBA\u2019s job creation or public policy requirements.\u00a0<\/span><\/p><p><b>The 504 loan is a good option for you<\/b><span style=\"font-weight: 400;\"> if you need to finance a real estate project or purchase <a href=\"https:\/\/swoopfunding.com\/us\/business-loans\/asset-finance\/equipment-financing\/heavy-equipment-finance\/\">heavy equipment <\/a><\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> you meet the SBA\u2019s job creation or public policy requirements. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d0f49c4 e-flex e-con-boxed e-con e-parent\" data-id=\"d0f49c4\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bae1dd8 elementor-widget elementor-widget-heading\" data-id=\"bae1dd8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Other financing options for real estate<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-689c9c0 elementor-widget elementor-widget-text-editor\" data-id=\"689c9c0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Outside of the SBA, your best option for funding a real estate purchase or renovation project is a loan from a bank. Banks typically have rigid qualifications for eligibility and creditworthiness, but they also offer competitive interest rates and favorable terms.<\/span><\/p><p><span style=\"font-weight: 400;\">Another option is a loan from an online lender. Online lenders vary greatly, but they generally have looser credit requirements, more streamlined application processes, and faster turnaround times than banks and the SBA. However, the cost of convenience is significant: online lenders often have lower borrowing amounts, shorter repayment periods, and higher interest rates than banks and the SBA.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-40bacf1 e-flex e-con-boxed e-con e-parent\" data-id=\"40bacf1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9c0846f elementor-widget elementor-widget-heading\" data-id=\"9c0846f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Get started with Swoop\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8c5844 elementor-widget elementor-widget-text-editor\" data-id=\"f8c5844\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you need help comparing your funding options for a real estate project, register your operation with Swoop. We provide personalized guidance and comprehensive financing comparisons, so you figure out exactly what works for your business\u2014with less hassle. Ready for easier financing decisions? <\/span><a href=\"https:\/\/us.swoopfunding.ca\/stage\/?aHR0cF9yZWZlcmVyPWh0dHBzJTNBJTJGJTJGd3d3Lmdvb2dsZS5jb20lMkYmbGFzdF9wYWdlX3Zpc2l0ZWQ9aHR0cHMlM0ElMkYlMkZzd29vcGZ1bmRpbmcuY29tJTJGdXMlMkY=\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Join Swoop today<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-37f8a75 e-flex e-con-boxed e-con e-parent\" data-id=\"37f8a75\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-16736d9 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"16736d9\" data-element_type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\" aria-label=\"Paige Smith\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"right-info\">\n <div class=\"inner-top\">\n <div class=\"info-top\">\n <a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\" aria-label=\"Paige Smith\" class=\"link-img\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/us\/wp-content\/uploads\/sites\/3\/2023\/03\/paige-smith.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n \n <div class=\"info-title\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/\">Paige Smith<\/a><\/h3>\n <\/div>\n <\/div>\n \n \n <\/div>\n <div class=\"info-bottom\">\n <p>Paige Smith is a content marketing writer specializing in the intersection of business, finance, and tech. Paige regularly features on a number of B2B finance and fintech websites including Fundera, Funding Circle, Fundbox and Nav, amongst others.<\/p>\n <\/div>\n\n <ul class=\"social-links\">\n \n <li><a href=\"https:\/\/www.linkedin.com\/in\/paige-smith-28063849\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Linkedin\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n <li><a href=\"https:\/\/www.paigeashleysmith.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" aria-label=\"Website\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/us\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-site-min.svg\" width=\"30\" height=\"30\" alt=\"Website\">\n <\/a><\/li>\n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/us\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-16003d0 e-flex e-con-boxed e-con e-parent\" data-id=\"16003d0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-92c16ce elementor-widget elementor-widget-heading\" data-id=\"92c16ce\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQs about SBA real estate loans<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d89748b uael-faq-box-layout-yes align-at-left elementor-widget elementor-widget-uael-faq\" data-id=\"d89748b\" data-element_type=\"widget\" data-widget_type=\"uael-faq.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<div id='uael-faq-wrapper-227' class=\"uael-faq-wrapper\">\n\t\t\t\t<div class=\"uael-faq-container uael-faq-layout-accordion\" data-layout=\"accordion\" >\n\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-19ab127\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-19ab127 uael-question-span\" tabindex=\"0\" id=\"uael-faq-1-6907c1d496d9d\">Can an SBA loan be used to purchase real estate?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">Yes, you can use either a 504 loan or a 7(a) loan to purchase real estate. You cannot use SBA Microloans, SBA CAPLines, or SBA Express Loans for real estate.\u00a0<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-10230ba\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-10230ba uael-question-span\" tabindex=\"0\" id=\"uael-faq-2-6907c1d496df0\">How hard is it to get an SBA loan for a property?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">The qualifications for SBA loans to buy property are similar to the qualifications for the standard SBA 7(a) loan. You generally need a good credit score (at least 640 or above) and need to be able to put down 10% as a down payment.\u00a0<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div id=\"uael-accordion-5feadea\" class=\"uael-faq-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t\t<div class= \"uael-accordion-title\" aria-expanded=\"false\" role=\"tab\">\n\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon uael-accordion-icon-left\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-closed\"><i class=\"fas fa-angle-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"uael-accordion-icon-opened\"><i class=\"fas fa-angle-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"uael-question-5feadea uael-question-span\" tabindex=\"0\" id=\"uael-faq-3-6907c1d496e23\">What\u2019s the difference between 504 loans and 7(a) loans? <\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-accordion-content\" role=\"tabpanel\">\n\t\t\t\t\t\t\t\t\t<span>\n\t\t\t\t\t\t\t\t\t<span><p><span style=\"font-weight: 400;\">SBA 504 loans are designed specifically for real estate purchases and related endeavors, like construction or renovation. To qualify, you have to put the funds toward a project that satisfies the SBA\u2019s job creation or public policy requirements.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">A 7(a) loan is the most popular SBA loan. You can use it for a variety of purposes, from purchasing real estate to paying for inventory or materials. <\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-77de588 e-flex e-con-boxed e-con e-parent\" data-id=\"77de588\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-46492cd elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"46492cd\" data-element_type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">Related pages<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/can-you-have-multiple-sba-loans\/\">Can you have multiple SBA loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-much-is-an-sba-loan-down-payment\/\">How much is an SBA loan down payment? <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-fill-out-sba-form-1919\/\">How to fill out SBA Form 1919 <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-fill-out-sba-form-413\/\">How to fill out SBA Form 413 <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-fill-out-an-sba-loan-forgiveness-application\/\">How to fill out an SBA loan forgiveness application <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/how-to-get-an-sba-loan\/\">How to get an SBA loan <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/ppp-sba-loans\/\">PPP SBA loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-504-loans\/\">SBA 504 loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-loans\/\">SBA 7(a) loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-7a-vs-504-loans\/\">SBA 7(a) vs 504 loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-8a-program\/\">SBA 8(a) program <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/\">SBA Loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-patriot-express-loans\/\">SBA Patriot Express loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-business-acquisition-loans\/\">SBA business acquisition loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-community-advantage-loans\/\">SBA community advantage loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-equity-injection\/\">SBA equity injection <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-franchise-loans\/\">SBA franchise loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-hazard-insurance\/\">SBA hazard insurance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-line-of-credit\/\">SBA line of credit <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-application-process\/\">SBA loan application process <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-approval-rate\/\">SBA loan approval rate <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-approval-timeline\/\">SBA loan approval timeline <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-credit-score\/\">SBA loan credit score \u2013 what is required? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-forgiveness-for-self-employed-workers\/\">SBA loan forgiveness for self-employed workers <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-guarantees-explained\/\">SBA loan guarantees explained <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-lenders\/\">SBA loan lenders <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-rates\/\">SBA loan rates <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-veterans\/veterans-rates\/\">SBA loan rates for veterans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loan-requirements\/\">SBA loan requirements <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-llcs\/\">SBA loans for LLCs <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-minorities\/\">SBA loans for minorities <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-rental-properties\/\">SBA loans for rental properties <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-self-employed\/\">SBA loans for self-employed <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-veterans\/\">SBA loans for veterans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-for-women\/\">SBA loans for women <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-loans-vs-conventional-loans\/\">SBA loans vs conventional loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-microloans\/\">SBA microloans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-real-estate-loans\/\">SBA real estate loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-startup-loans\/\">SBA startup loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-working-capital-loans\/\">SBA working capital loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-working-capital-loans\/pilot-program\/\">SBA working capital pilot program <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/what-happens-if-you-cant-pay-your-sba-loan\/\">What happens if you can&#8217;t pay your SBA loan? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/what-is-the-average-sba-loan-size\/\">What is the average SBA loan size? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/us\/sba-loans\/sba-disaster-loan-denied\/\">Why has my SBA disaster loan been denied? <\/a>\n <\/li>\n <\/ul>\n <div class=\"container_bt\">\n <button class=\"bt_see_more\" href=\"javascript:void(0);\" aria-label=\"See more\">See more<\/button>\n <\/div>\n <div id=\"grey-out\"><\/div>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-446eac32 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"446eac32\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-747832c4\" data-id=\"747832c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a50aafd elementor-widget elementor-widget-spacer\" data-id=\"6a50aafd\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-266c5098 elementor-widget elementor-widget-heading\" data-id=\"266c5098\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Testimonials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c9dc94 elementor-widget elementor-widget-ucaddon_testimonials\" data-id=\"0c9dc94\" data-element_type=\"widget\" data-widget_type=\"ucaddon_testimonials.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<style type=\"text\/css\">\/* widget:Testimonials *\/\n\n.testimony{\n margin:0;\n}\n.testimony .owl-theme .owl-dots .owl-dot.active span{\n background:;\n}\n\n.testimony .owl-theme .owl-dots .owl-dot:hover span{\n background:;\n}\n\n.testimony{\n\t content-visibility:auto;\n\t contain-intrinsic-size:445px;\n}\n .testimony .inner-testimony .read-mores{\n\t margin-left:15px;\n}\n .testimony .inner-testimony .icon{\n\t color:#eee;\n}\n .testimony .inner-testimony .icon-quotation-left{\n\t position:relative;\n\t top:-28px;\n\t left:0;\n}\n .testimony .inner-testimony .icon-quotation-right{\n\t position:relative;\n\t bottom:-28px;\n\t right:-8px;\n}\n .testimony .inner-testimony p{\n\t margin:0;\n\t color:#003e52;\n}\n .testimony .inner-testimony .testimony_description{\n\t padding:40px 0;\n}\n .testimony .inner-testimony .desc_testimony{\n\t font-size:24px;\n}\n .testimony .inner-testimony .author_testimony{\n\t font-size:18px;\n\t margin-top:20px;\n}\n .testimony .inner-testimony .role_testimony{\n\t font-size:18px;\n}\n .testimony .owl-theme .owl-nav .owl-prev{\n\t position:absolute;\n\t left:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n .testimony .owl-theme .owl-nav .owl-next{\n\t position:absolute;\n\t right:0;\n\t margin:-18px 0;\n\t top:50%;\n}\n @media (max-width:992px){\n\t .testimony .inner-testimony{\n\t\t padding:40px 40px;\n\t}\n\t .testimony .inner-testimony .testimony_description{\n\t\t padding:0;\n\t}\n}\n @media (max-width:768px){\n\t .testimony{\n\t\t margin:50px 0 40px 0;\n\t}\n\t .testimony .inner-testimony .desc_testimony{\n\t\t font-size:19px;\n\t}\n\t .testimony .owl-dots{\n\t\t margin-top:30px !important;\n\t}\n\t .testimony .inner-testimony{\n\t\t padding:40px 0;\n\t}\n}\n\n<\/style>\n\n\t\t\t<div class=\"container\">\n <div class=\"testimony\">\n <div class=\"row justify-content-center\">\n <div class=\"col-xl-8 col-lg-10\">\n <div class=\"inner-testimony text-center\">\n <div id=\"owl-testimony\" class=\"owl-carousel owl-theme\">\n <div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Daire made it happen! There is no doubt that Swoop sped up the process and found lenders that worked to our time scale rather than the other way round<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Hocque Figureoa<\/p>\n <p class=\"role_testimony\">Joint owner, F45 Virginia<\/p>\n <\/div>\n<\/div>\n<div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Swoop was actually very helpful in helping us get our initial fundraising in place. Swoop was able to connect us with investors, with grant financing options and debt financing options.<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Viler Lika<\/p>\n <p class=\"role_testimony\">Founder, SingleKey<\/p>\n <\/div>\n<\/div>\n<div class=\"item\">\n <div class=\"testimony_description\">\n <p class=\"desc_testimony italic\"><i class=\"icon icon-quotation-left\"><\/i>Pedja was amazing. Super supportive, understanding of our needs and wasn't pushy at all. We've been going back and forth with Swoop for over a year inquiring about different financing options and they were patient until we were ready!<i class=\"icon icon-quotation-right\"><\/i><\/p>\n <p class=\"author_testimony\">Chris Skeates<\/p>\n <p class=\"role_testimony\">F45 Multi-studio owner<\/p>\n <\/div>\n<\/div>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-11fab01 e-con-full cta-mobile-fixed elementor-hidden-desktop elementor-hidden-laptop elementor-hidden-tablet e-flex e-con e-parent\" data-id=\"11fab01\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;position&quot;:&quot;fixed&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5296a5b elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"5296a5b\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/us.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">GET STARTED<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"author":76,"featured_media":0,"parent":0,"template":"elementor_header_footer","sba-loans-sectors":[337],"class_list":["post-20566","sba-loans","type-sba-loans","status-publish","hentry","sba-loans-sectors-sba-loans"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>SBA real estate loans If you need financing for real estate purposes\u2014to buy property, renovate a building or construct a new facility\u2014the SBA has two helpful loan options.\u00a0 Get a quote Buying commercial property or renovating existing facilities is expensive, but it can be a worthwhile investment in your business\u2019s growth and success. Among the myriad financing options available are SBA real estate loans. Keep reading to learn more about how these loans work, what it takes to qualify and how you can apply.\u00a0 Page written by Paige Smith. Last reviewed on August 29, 2024. Next review due October 1,&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Paige Smith","url":"https:\/\/swoopfunding.com\/us\/author\/paige-smith\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/20566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans"}],"about":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/types\/sba-loans"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/users\/76"}],"version-history":[{"count":22,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/20566\/revisions"}],"predecessor-version":[{"id":37619,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans\/20566\/revisions\/37619"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/media?parent=20566"}],"wp:term":[{"taxonomy":"sba-loans-sectors","embeddable":true,"href":"https:\/\/swoopfunding.com\/us\/wp-json\/wp\/v2\/sba-loans-sectors?post=20566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}