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; 2.15% 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; 2.15% SBA fee financed into loan. |
| Down Payment (Borrower) |
- $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.
- New Businesses (less than two years old) and Special-Purpose Buildings require an additional 5% down.
- Penalty is a declining percentage of the balance for the first 10 years.