Secure a Commercial Property Loan with Fewer Restrictions
We help businesses that struggle to find conventional funding obtain amortizing loans with reasonable monthly payments, single-digit commercial mortgage loan rates, and extended repayment terms. Whether it’s an SBA or USDA loan, our financing options offer flexibility without restricting cash flow.
SBA Commercial Mortgage Loans
The Small Business Administration (SBA) offers:
- SBA 7(a) Loans: Borrowers may be able to secure up to $5 million to purchase fixed assets (land, buildings, equipment) and finance their purchase over 25 years.
USDA Commercial Mortgage Loans
The United States Department of Agriculture also offers several mortgage loan options to encourage rural development:
- B&I Loans: Many rural entities are eligible to secure up to $25 million for a commercial mortgage.
- USDA REAP Loans: The Rural Energy for America program can assist with financing energy efficiency improvements and equipment, up to $25 million.
Discuss Funding Eligibility with a Government Loan Expert
Not every business is eligible for SBA or USDA financing, but those that qualify may have several program options. The Ready Capital team is always here to provide clarification on eligibility and loan options.
Benefits of a Government-Guaranteed Commercial Mortgage Loan
Government-backed mortgage loans offer advantages that don’t come with conventional loans or other alternative options. Here are some of the benefits:
No Balloon Payments
Commercial mortgage lenders may offer a short-term loan with a balloon payment at the end of the term if a business doesn’t have the funds for a significant down payment. These final payments can be a burden for companies with already limited cash flow.
With a loan from Ready Capital, borrowers can repay the loan amount over a longer term with a predictable amortization schedule. At the end of the loan term, they won’t have to worry about finding the funds for a sizable outstanding payment.
Fewer Restrictive Covenants
Even if a business is eligible for a commercial real estate loan from another source, a government-guaranteed loan may be a better option. Conventional lenders often include restrictive covenants specifying how they can use the property, whereas government loans offer more freedom to the borrower.
Ready Capital’s loan options contain fewer restrictions, allowing borrowers to contribute steadily to their loan without worrying about an unexpected repayment request.
What We Offer as a Lending Partner
At Ready Capital, we understand that choosing a lender can be challenging. We strive to make the process easy by providing unrivaled expertise and a straightforward lending experience for every borrower.
Our team members have extensive experience working with the SBA and USDA programs to ensure successful loan closures, and we stay up to date on the latest changes to government loan programs.
Schedule a consultation with our team today to learn more about our lending capacity and the support we offer as an experienced lending partner.
