Melbourne, FL
This small business owner was interested in buying a building to house his specialty printing and signage company for years. However, since he reinvested most of his cash to drive business, he was challenged by the 25% down payment that is required for conventional financing – so the bank declined him.
When he brought the loan request to us, we reviewed his business and determined he had expensive equipment that was financed on unfavorable terms that we could restructure to save them money. Therefore, we suggested a holistic strategy to refinance all his debt simultaneously with his real estate purchase. We consolidated all of his equipment debt and financed the owner-occupied real estate with a 25-year term, while offering him an SBA loan with 90% leverage (a much lower 10% down payment!)
Now, this small business is lean, saving thousands on debt service, plus — no more throwing away money on rent!
If you’re a small business owner and you’re looking to stop throwing away your money on rent, call us today to discuss purchasing your owner-occupied real estate with an SBA loan. Reach us by phone at (888) 959-1648 or email us directly at info@comcapfl.com.
Ready to get the ball rolling? Get a head start by applying in minutes through our Loan Finder App – no document uploads or further commitment required.
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