SBA LOANS

Commercial Real Estate Purchases

Under the SBA’s 7a or 504 loan program, Community Bank offers financing for commercial real estate purchases with as little as a 10% down payment.

Loan terms can be up to 25 years with limited pre-payment penalties.

Community Bank will need the following items to begin the loan application process:

• > Business tax returns for the last 3 years
• > Interim financial statement dated within the last 60 days
• > If borrower has ownership in affiliate businesses, we will need copies of the last 3 years tax returns and financial statements
• > Personal Financial Statement and the last 3 years tax returns from all individuals with 20% or more business ownership
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• > Copy of executed purchase agreement or escrow instructions
• > Completed loan application documents
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