We are a progressive bank, technologically, and structurally. Our SBA team is a flat organization that functions as a true client partner enabling you to communicate directly with decision-makers.
SBA Loans, National Scope
At T Bank, our SBA team includes some of the industry’s leading professionals. With a combined experience in SBA lending in excess of 100 years, our well-seasoned team of experts can help you navigate SBA loan programs and products efficiently and successfully.
Can an SBA loan be used to refinance debt?
Can SBA loans be used to finance apartment projects or other rental properties?
SBA loans are commercial loans that are used for businesses that are “actively” operated for profit. Apartments and other rental properties are considered to be “Passive Investment” properties and are not eligible for financing under SBA regulations.
An actively operating business may be used to acquire, and/ or improve real estate if the business will occupy the majority of the building. The business must occupy 51% or more of existing real estate, or 60% of the real property if proceeds of the SBA loan will be used to construct new improvements.