Facts & Sample Structure

Source of Funds First Mortgage (BANK) Second Mortgage (Capital Access Group) Down Payment (Borrower)
Loan Amounts Based on $5mm Total Project Cost $2,500,000 $2,000,000 $500,000
Typical Structure 50% 40% 10% for most projects 2
Maximum Loan Amount No maximum $5-5,500,00 1
Rate Fixed or Adjustable Fixed
Maturity 10 years or more 20 years
Amortization Varies (10-30 years) 20 years (fully amortized)
Prepayment Varies by lender No penalty after 10 years 3
Fees Points vary (approx. 1%) No out-of-pocket fees; 2.65% SBA fee financed into loan.
Source of Funds Loan Amounts Based on $5mm Total Project Cost
First Mortgage (BANK) $2,500,000
Second Mortgage (Capital Access Group) $2,000,000
Down Payment (Borrower) $500,000
Source of Funds Typical Structure
First Mortgage (BANK) 50%
Second Mortgage (Capital Access Group) 40%
Down Payment (Borrower) 10% for most projects 2
Source of Funds Maximum Loan Amount
First Mortgage (BANK) No maximum
Second Mortgage (Capital Access Group) $5-5,500,00 1
Down Payment (Borrower)
Source of Funds Rate
First Mortgage (BANK) Fixed or Adjustable
Second Mortgage (Capital Access Group) Fixed
Down Payment (Borrower)
Source of Funds Maturity
First Mortgage (BANK) 10 years or more
Second Mortgage (Capital Access Group) 20 years
Down Payment (Borrower)
Source of Funds Amortization
First Mortgage (BANK) Varies (10-30 years)
Second Mortgage (Capital Access Group) 20 years (fully amortized)
Down Payment (Borrower)
Source of Funds Prepayment
First Mortgage (BANK) Varies by lender
Second Mortgage (Capital Access Group) No penalty after 10 years 3
Down Payment (Borrower)
Source of Funds Fees
First Mortgage (BANK) Points vary (approx. 1%)
Second Mortgage (Capital Access Group) No out-of-pocket fees; 2.65% SBA fee financed into loan.
Down Payment (Borrower)
  1. $5M for most projects, $5.5M for manufacturers or energy-saving facilities. Note this is the max for the SBA portion of the loan only; there is no max project size.
  2. New Businesses (less than two years old) and Special-Purpose Buildings require an additional 5% down.
  3. Penalty is a declining percentage of the balance for the first 10 years.