These are loans up to $5 million, with the SBA guaranteeing up to 90% of the loan amount, for a wide range of business needs, including purchase or improvement of real estate and working capital. This program can also provide support for exporters and importers.
In conjunction with Mercantil Bank financing, this unique program enables businesses to finance up to 90% of the total cost to purchase, upgrade or renovate commercial real estate that will be at least 51% owner-occupied, as well as to purchase equipment. These loans offer long term fixed rates of up to 20 years on the SBA portion of the mortgage.
Obtain a revolving loan up to $350,000 within a 36-hour turnaround time by the SBA. A SBA Express loan allows terms up to seven years.