Below is a summary of different SBA loan programs offered through Advantage CDC. A business may have multiple SBA guaranteed loans through more than one program, so long as the maximum federal benefit is not exceeded.

SBA 504 Program

Acquisition of business real estate and/or long lived equipment. Minimum purchase price $200,000. Available in loan terms of 10 years or 20 years.

Eligibility:
Business' net worth cannot exceed $15 million and net income after taxes cannot exceed $5.0 million; 7(a) standard for size eligibility may be used instead. Business must not be engaged in speculation or investment, including real estate. Financing is available through the CDC to businesses in California.

SBA 504 Refinancing.

SBA 504 refinancing program facilitates the refinancing of non-SBA commercial real estate loans/mortgages. SBA 504-refinancing program is a limited time offer, expiring on September 27, 2012. For more details and eligibility criteria please contact Advantage CDC.

SBA 7(a) Program

Acquisition or refinance of business real estate and/or equipment; working capital supplementation; business acquisition or start-up. No minimum or maximum loan size, but most loans are in the six figure size range. Available in loan terms from 5 years to 25 years, depending on the use of loan proceeds.

Eligibility:
Size standards based on NAICS codes, either gross revenue or number of employees. Business must not be engaged in speculation or investment, including real estate.