DO YOU
QUALIFY
TO BUY YOUR BUILDING?

504 is for real estate and heavy equipment. Two loans stacked: a bank first (50%) + a CDC second (40%) + your 10% down. Long-term fixed rate, no balloon. 7a is more flexible — real estate, working capital, business acquisition — typically 90% LTV, often variable. For buying a building you'll occupy, 504 usually wins.

Your operating business occupies at least 51% of the rentable square footage of the building (60% for new construction). The other 49% can be tenants generating rent — that income helps you qualify. Under 51% = it's investment property, not owner-user, and SBA won't apply.

Equity requirements vary by SBA program, lender, business history, property use, and underwriting. The applicable lender confirms the required amount for a specific request.

Yes — SBA loves owner-users, even new ones. Brand-new businesses usually need 15% down instead of 10% and stronger personal financials. We've closed startups; we've closed 20-year operators. Both can work.

Yes. Credit requirements and pricing vary by lender, program, cash flow, down payment, and other underwriting factors.

Timing varies by SBA program, lender, property, required documents, and underwriting. The applicable lender confirms the process and expected timeline for a specific request.

SBA itself doesn't carve out by ethnicity, but Miami has CDCs and minority-focused lenders with strong programs (SBA Community Advantage, state of FL programs, City of Miami partnerships). We know which lenders are most responsive — and yes, we speak Spanish.

Some SBA programs may consider eligible refinance requests. Use-of-proceeds, debt-age, occupancy, and other rules apply; the applicable lender determines eligibility and terms.