Advisory loans can be funded utilizing an SBA or conventional structure. There are advantages and disadvantages inherent in SBA and conventional lending.

Conventional Loans (non-SBA)

  • Fixed rates for entire loan term
  • No liens on your home or other personal property required
  • Approximately 27 documents from borrower required to close
  • Flexibility allows customization for borrower
  • Origination fees
  • Pre-Payment penalties: Typically, 3%, 2%, 1% over the first three years of the loan term

SBA Loans

  • Predominately variable rates for entire loan term
  • Liens placed on your home or other personal property may be required
  • Approximately 150 documents from borrower required to close
  • Rigid SBA guidelines precludes partial practice sale
  • No Origination fees
  • No Pre-Payment penalties

Succession Lending's
Standard Loan Structure *

*The above constitutes a proposal and is not a commitment to lend. The fee, rate, terms, and conditions are for informational purposes only and will require formal credit underwriting and approval.

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