SBA Loans

SBA Loans, also known as Small Business Administration Loans, assist business owners obtain small business loans and small business financing with perfect or less than perfect credit. Since 1977, we have assisted in processing almost every kind of loan request and we are proud to continually have one of the most competitive rates and a high approval rate across the nation. Whether it's time to buy real estate, acquire a new business or franchise, increase business working capital, or to purchase new business equipment, Ocean Pacific Capital can help you find the best small business administration loan to meet your needs for your business. We offer from $500,000 to $5 million dollars on most SBA loans; however, we tailor loans to meet your needs and these limits can be altered. Our loans have multiple interest rate options, such adjustable, fixed, and floating rates, no balloon payments, shorter and longer terms, as well as up to 90% loan to value. Whatever it is that you need, Ocean Pacific Capital can help you.

Most business owners that have been previously turned down for a conventional loan by a commercial lender, apply for a SBA Loan. When applying for a SBA Loan, the following documents are usually necessary:
1. A business plan, which is a written document describing the type of business and legal form, including relevant information such as annual sales/revenue, the number of employee, ownership structure, and length of time in business.
2. Complete Business Financial Statements from the past three years and current or interim financial statements.
3. Complete Personal Financial Statements from each owner, officer, partner, and stockholder that owns 20% or more of the business
4. A description of the loan request, such as how the purpose of the loan request, the amount and type of loan request, as well as how the loan proceeds will be used is required.
5. A description of the collateral that will be used to secure the loan, as well as a description of the equity in the business, availability of cash, and the potential to borrow funds.
6. Resumes of those who are and will be involved in the daily operations of the business, such as management.

Our experience with assisting thousands of individuals with the best SBA loan financing nationwide for the past 30 years allows us to not only acquire the best rates and loan programs for your needs with our access to over 130 different lenders, but also in an efficient, timely manner. Call us today and see what we can do for you!

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Commercial Real Estate News & Analysis

Manhattan Tower Sells for $1B
Silverstein Properties and the California State Teachers’ Retirement System (CalSTRS) have joined together to purchase the Manhattan Tower located at 1177 Avenue of the Americas for just over $1 billion.  The 47-story tower consists of just over one million square feet, making the sale about $1000 per square foot. The art deco tower was designed by Swanke [...]
280 Park Avenue Sold For $1.28B
Broadway Partners and Investcorp Real Estate have joined together to purchase 280 Park Avenue Istithmar for $1.28B.  The Property consists of two towers totaling 1,237,000 square feet, making the sale just over $1000 per square foot.  The Dubai based firm Istithmar purchased the towers in June 2006 for $1.2B.  The towers stand tall at 31 and 43 stories, bridged together by a [...]
Germans buy the Rookery for $73M
An unknown wealthy German family purchases the Rookery for $73.4M from Broadway Partners.  The 285,706 square foot building is located at 209 South LaSalle Street, Chicago.  The twelve story building was constructed in 1888 and renovated in 1991.  The building is a National Historical Landmark and has received numerous design awards.  At the time of sale it was reported [...]
Professional Packaging Systems Leases 104,000SF
Professional Packaging Systems LLP will occupy 104,000 square feet of industrial space in Grand Prairie, Texas.  The property is located at 2002 Avenue R, just south of the North Carrier Parkway and East of the Great Southwest Parkway.  The property is owned by ML Realty Partners headquartered in Addison, Texas.  Professional Packaging Systems is a national discount supplier [...]
Surface Guard Leases 107,000SF
Surface Guard Inc. renewed a lease of 107,000SF in Aurora.  The lease is comprised of two buildings, located at 515 and 615 Enterprise Street.  The two buildings are owned and managed by Duke Realty. No information was made available regarding the lease rate. Surface Guard specializes in the manufacturing of surface protection films.   Surface Guard was represented by [...]

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