An SBA loan is a small business loan partially guaranteed by the U.S. Small Business Administration (SBA). These loans are issued by approved lenders (like us!) and offer small businesses access to capital they might not qualify for through traditional means.
SBA loans are available to most for-profit businesses that:
A reasonable credit score is usually required, though it may be more flexible than traditional mortgages.
The property will need to be appraised to determine its market value and potential rental income.
The property's projected rental income must meet a minimum DSCR threshold set by the lender (e.g., a DSCR of 1.2 or higher, meaning the income is at least 20% greater than the loan payments).
The most common SBA loan program, perfect for a wide range of business needs:
Loan Amounts: Up to $5 million
Terms: Up to 10 years for working capital; 25 years for real estate
Ideal for businesses looking to purchase large assets such as:
Loan Amounts: Up to $5.5 million
Terms: 10, 20, or 25 years
Down Payment: As low as 10%
A great fit for startups or very small businesses needing a smaller amount of funding:
Loan Amounts: Up to $50,000
Terms: Up to 6 years
Mr. Mortgage NMLS ID: 000000
To view our NMLS Filings, CLICK HERE
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
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